Boralex (OTCMKTS:BRLXF) Trading 0.7% Higher – Time to Buy?

Boralex Inc. (OTCMKTS:BRLXFGet Free Report) shot up 0.7% during mid-day trading on Tuesday . The stock traded as high as $18.45 and last traded at $18.45. 26,069 shares were traded during trading, a decline of 31% from the average session volume of 37,990 shares. The stock had previously closed at $18.32.

Analyst Ratings Changes

Several research analysts have commented on BRLXF shares. CIBC reiterated an “outperform” rating on shares of Boralex in a report on Tuesday, October 21st. Royal Bank Of Canada restated a “sector perform” rating on shares of Boralex in a research report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on Boralex

Boralex Price Performance

The firm has a 50 day moving average of $18.88 and a 200-day moving average of $20.80.

About Boralex

(Get Free Report)

Boralex (OTCMKTS:BRLXF) is a Canada-based independent power producer specializing in renewable energy. The company focuses on the development, construction, acquisition and operation of onshore wind farms, solar power facilities, small-scale hydroelectric stations and energy storage projects. Drawing on in-house engineering and project management expertise, Boralex provides comprehensive services that cover site selection, permitting, financing and long-term operations.

Since its founding in 1990 in Kingsey Falls, Quebec, Boralex has expanded its footprint beyond North America into Europe and the United Kingdom.

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