Boralex Inc Stock Forecast:
According to 13 analysts, the average target price for Boralex Inc stock over the next 12 months is CAD 46.90. The analysts’ average rating for the stock is “Buy.” Stock Target Advisor’s own analysis indicates a slightly bearish outlook based on 5 positive signals and 7 negative signals. As of the last closing, Boralex Inc’s stock price was CAD 37.51. The stock price has experienced a small increase of +0.54% over the past week, a decrease of -4.07% over the past month, and a decrease of -2.85% over the last year.
Analyst Coverage Change:
Boralex Inc, has recently received an increase in its target price by Credit Suisse. The target price has been raised to C$50 from C$45, reflecting Credit Suisse’s optimism about the growth potential of Boralex in the core Québec market and its expansion prospects.
Boralex is recognized for its expertise in developing, building, and operating renewable energy power plants, primarily in Canada, France, and the United States. The company has a diversified portfolio of wind, hydroelectric, thermal, and solar power facilities, which collectively contribute to a more sustainable energy future.
Credit Suisse’s decision to increase the target price is based on its analysis of Boralex’s prospects in the Québec market, which is considered the company’s core market. Québec is known for its favorable renewable energy policies and strong government support for the sector. This makes it an attractive region for Boralex to expand its operations and capitalize on the growing demand for clean energy.
The increased target price aligns with Boralex’s long-term growth strategy, which includes expanding its presence in key markets and increasing its renewable energy capacity. The company aims to diversify its portfolio further and strengthen its position as a leading player in the renewable energy industry.
FA Score (Fundamental Analysis):
The fundamental analysis of Boralex Inc. is “Slightly Bearish” with a FA score of 4.2 out of 10, where 0 is very bearish and 10is very bulish.
