Boralex (OTCMKTS:BRLXF) Stock Price Down 4.5% – What’s Next?

Boralex Inc. (OTCMKTS:BRLXF)’s stock price traded down 4.5% on Monday . The company traded as low as $26.0714 and last traded at $26.0714. 595 shares traded hands during trading, a decline of 98% from the average daily volume of 35,622 shares. The stock had previously closed at $27.29.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Raymond James Financial downgraded shares of Boralex from an “outperform” rating to a “market perform” rating in a research note on Friday, May 15th. Royal Bank Of Canada restated a “sector perform” rating on shares of Boralex in a research note on Tuesday, May 12th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Boralex Stock Performance

The business has a fifty day moving average of $25.73 and a 200-day moving average of $22.06.

Boralex Company Profile

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.