Boralex (OTCMKTS:BRLXF) Trading 1.2% Higher – Still a Buy?

Boralex Inc. (OTCMKTS:BRLXF)’s share price was up 1.2% on Monday . The company traded as high as $17.8502 and last traded at $17.8502. Approximately 7,046 shares traded hands during trading, a decline of 81% from the average daily volume of 36,728 shares. The stock had previously closed at $17.63.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. CIBC restated an “outperform” rating on shares of Boralex in a research report on Tuesday, October 21st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Boralex in a research note on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Boralex Stock Performance

The firm has a 50 day simple moving average of $19.56 and a two-hundred day simple moving average of $21.30.

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.