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An announcement from Boralex Inc Cl A ( (TSE:BLX) ) is now available.
Boralex Inc. has announced the signing of contracts for two solar projects in New York, totaling 450 MW, as part of its U.S. growth strategy. These projects, located in Franklin and St. Lawrence Counties, are expected to significantly contribute to New York’s renewable energy targets and provide substantial economic benefits to local communities, including job creation and increased tax revenues.
The most recent analyst rating on (TSE:BLX) stock is a Hold with a C$38.00 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’s overall stock score is driven by solid financial performance constrained by high leverage and cash flow challenges. Technical indicators suggest a neutral trend, while the high P/E ratio raises valuation concerns. Recent earnings and corporate events highlight strategic growth and financial flexibility, yet production setbacks and cost overruns present ongoing risks.
To see Spark’s full report on TSE:BLX stock, click here.
More about Boralex Inc Cl A
Boralex Inc. is a company operating in the renewable energy industry, focusing on the development and management of renewable energy power facilities. The company primarily deals with wind, solar, hydroelectric, and thermal energy projects, with a market focus on expanding its renewable energy platform in North America.
Average Trading Volume: 353,562
Technical Sentiment Signal: Buy
Current Market Cap: C$3.18B
Learn more about BLX stock on TipRanks’ Stock Analysis page.