Boralex (OTCMKTS:BRLXF) Trading Down 3.5% – Time to Sell?

Shares of Boralex Inc. (OTCMKTS:BRLXF) were down 3.5% during trading on Friday . The stock traded as low as $19.0605 and last traded at $19.0605. Approximately 59,672 shares changed hands during mid-day trading, an increase of 56% from the average daily volume of 38,257 shares. The stock had previously closed at $19.7550.

Analysts Set New Price Targets

Separately, CIBC reaffirmed an “outperform” rating on shares of Boralex in a report on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Boralex Stock Down 3.5%

The business’s 50 day moving average price is $20.01 and its two-hundred day moving average price is $21.70.

Boralex Company Profile

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.