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Boralex Reports $74 Million Earnings Amidst Project Expansion and Financing Milestones

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Boralex Reports $74 Million Earnings Amidst Project Expansion and Financing Milestones

Boralex Inc Cl A ( (TSE:BLX) ) has issued an announcement.

Boralex Inc. reported net earnings of $74 million for fiscal 2024, despite facing challenges from adverse wind and hydropower conditions that impacted production and financial results. The company continues to advance its large-scale projects in Québec, Ontario, and the United Kingdom, with a significant portfolio of projects under development totaling 8,005 MW. Boralex secured nearly $1.2 billion in financing in 2024, marking a record achievement, and is progressing on several key projects, including the Limekiln wind farm in the UK and the Apuiat wind farm in Quebec.

More about Boralex Inc Cl A

Boralex Inc. is a company operating in the renewable energy industry, focusing on the development and operation of renewable energy power facilities. Its primary products include wind, solar, and hydroelectric power, with a market focus on high-growth potential regions such as Canada, the United States, the United Kingdom, and France.

YTD Price Performance: 2.87%

Average Trading Volume: 342,294

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$3.06B

Find detailed analytics on BLX stock on TipRanks’ Stock Analysis page.

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