Analyst Price Target is C$43.38
▲ +48.49% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Boralex in the last 3 months. The average price target is C$43.38, with a high forecast of C$47.00 and a low forecast of C$38.00. The average price target represents a 48.49% upside from the last price of C$29.21.
Current Consensus is
Buy
The current consensus among 7 contributing investment analysts is to buy stock in Boralex. This rating has held steady since November 2023, when it changed from a Moderate Buy consensus rating.
Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex's plants rely on wind power, while a significant number also employ hydroelectric power. The company generates the vast majority of its revenue from the sale of energy through long-term contracts to customers in Canada, France, and the United States. Boralex's wind and hydroelectric power stations, located in Canada and France, account for most of this revenue. The company's facilities in Canada and France are also responsible for most of the company's total power production.
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