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An update from Boralex Inc Cl A ( (TSE:BLX) ) is now available.
Boralex Inc. has secured $250 million in corporate financing through an unsecured subordinated loan, with $200 million from La Caisse and $50 million from Fondaction. This financing aligns with Boralex’s 2030 Strategy, enhancing its capacity to fund growth activities and diversify financing sources. The investment underscores confidence in Boralex’s growth potential and supports its clean energy infrastructure development, aligning with broader climate and socioeconomic objectives.
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 Inc. shows mixed fundamentals. Strong technical indicators and positive corporate events indicate growth potential, yet financial performance and valuation pose significant concerns. Earnings call provided balanced insights, highlighting growth amidst operational challenges.
To see Spark’s full report on TSE:BLX stock, click here.
More about Boralex Inc Cl A
Boralex Inc. is a leader in the Canadian renewable energy market and France’s largest independent producer of onshore wind power. The company also operates in the United States and has development projects in the United Kingdom. Over the past five years, Boralex’s installed capacity has increased by more than 50% to 3.2 GW, and it is developing a portfolio of over 8 GW in wind, solar, and storage projects. The company is recognized for its commitment to corporate social responsibility and its active participation in the fight against global warming.
Average Trading Volume: 307,148
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$3.38B
See more data about BLX stock on TipRanks’ Stock Analysis page.