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Boralex Inc Cl A ( (TSE:BLX) ) just unveiled an announcement.
Boralex has secured Scottish Government approval for its Clashindarroch Wind Farm Extension near Dufftown in Moray, a project of up to 21 turbines and a 50 MW battery storage facility that will add as much as 189 MW of capacity to Scotland’s renewable energy mix and strengthen the company’s strategic push toward market leadership in the UK. The scheme is accompanied by a substantial community benefits package, including an annual, index-linked community fund of up to £693,000, direct energy bill support and home efficiency grants for nearby households, STEM and construction skills scholarships for local students, and a separate socio‑economic fund administered by Moray Council, while the development has been designed with extensive environmental studies to mitigate impacts and enhance biodiversity on the 882-hectare upland site.
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 company that develops, builds and operates wind and other clean power projects, with a growing portfolio in the United Kingdom and Europe. The company focuses on long-term investments that support the energy transition while targeting leadership positions in key markets such as Scotland, where it is expanding its onshore wind and storage footprint.
Average Trading Volume: 386,484
Technical Sentiment Signal: Sell
Current Market Cap: C$2.59B
Learn more about BLX stock on TipRanks’ Stock Analysis page.