Boralex (OTCMKTS:BRLXF) Trading Up 5.5% – Here’s Why

Boralex Inc. (OTCMKTS:BRLXFGet Free Report) shares rose 5.5% on Monday . The company traded as high as $24.03 and last traded at $24.03. Approximately 29,526 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 46,185 shares. The stock had previously closed at $22.77.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. National Bankshares reiterated an “outperform” rating on shares of Boralex in a research report on Thursday, May 15th. Raymond James reiterated an “outperform” rating on shares of Boralex in a report on Monday, March 3rd.

Check Out Our Latest Stock Analysis on BRLXF

Boralex Stock Performance

The business’s fifty day moving average price is $21.94 and its 200 day moving average price is $20.40.

Boralex Company Profile

(Get Free Report)

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.

Further Reading

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