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The latest update is out from Boralex Inc Cl A ( (TSE:BLX) ).
Boralex, in partnership with Walpole Island First Nation, has commissioned the 80 MW / 320 MWh Sanjgon Battery Energy Storage facility in Lakeshore, Ontario, its first operational storage project in North America and a key step in its 2030 growth strategy. The project, equipped with 89 Tesla Megapack 2XL units and capable of delivering four hours of continuous full-power output, positions Boralex to become Canada’s largest battery storage operator with 380 MW of installed capacity once its Hagersville facility comes online, while reinforcing Ontario’s grid reliability under the IESO’s Resource Adequacy Framework and providing long-term community benefits through agreements with Indigenous and municipal partners.
The most recent analyst rating on (TSE:BLX) stock is a Hold with a C$24.50 price target. To see the full list of analyst forecasts on Boralex Inc Cl A stock, see the TSE:BLX Stock Forecast page.
Spark’s Take on TSE:BLX Stock
According to Spark, TipRanks’ AI Analyst, TSE:BLX is a Neutral.
Boralex Inc Cl A’s overall stock score is primarily impacted by its financial challenges, including declining revenue and high leverage. Technical indicators suggest a bearish trend, and valuation metrics are weak due to negative earnings. While the earnings call provided some positive developments, financial pressures remain significant.
To see Spark’s full report on TSE:BLX stock, click here.
More about Boralex Inc Cl A
Boralex Inc. is a renewable energy producer focused on developing, building and operating utility-scale power projects, including wind, solar and energy storage facilities, with a growing presence in North America and a strategic emphasis on grid-supporting storage solutions.
Average Trading Volume: 379,078
Technical Sentiment Signal: Sell
Current Market Cap: C$2.63B
For detailed information about BLX stock, go to TipRanks’ Stock Analysis page.