Boralex (BLX) Sets New 12-Month High at $23.57

Boralex Inc. (TSE:BLX)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as C$23.57 and last traded at C$23.45, with a volume of 127208 shares traded. The stock had previously closed at C$23.45.

BLX has been the topic of a number of analyst reports. CIBC reduced their price objective on Boralex from C$25.00 to C$24.50 in a research report on Thursday, August 17th. Raymond James Financial lifted their price objective on Boralex from C$24.50 to C$26.00 in a research report on Tuesday, October 24th. BMO Capital Markets lifted their price objective on Boralex from C$24.50 to C$25.00 in a research report on Friday, September 8th. National Bank Financial lifted their price objective on Boralex from C$24.00 to C$26.00 in a research report on Thursday, November 30th. Finally, TD Securities raised their target price on Boralex from C$25.00 to C$26.00 in a research note on Monday, November 13th.

In other Boralex news, Director Marie Giguère bought 3,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was bought at an average price of C$22.18 per share, with a total value of C$66,540.00. Also, Director Michelle Samson-Doel sold 2,000 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of C$22.40, for a total value of C$44,800.00.

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Boralex Company Profile

Boralex Inc is a power producer that develops, constructs and operates renewable energy power stations. The Company’s segments include wind, hydroelectric, thermal and solar. It operates an asset base with a capacity of approximately 1,260 megawatts (MW), of which over 1,090 MW are under its control, consisting of approximately 490 MW in Canada, over 520 MW in France and over 80 MW in the Northeastern United States.

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