PriceTargets.com logo

Boralex - BLX Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$38.22
  • Forecasted Upside: 56.71%
  • Number of Analysts: 6
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 3 Buy Ratings
  • 2 Strong Buy Ratings
C$24.39 As of 12/4/2025 05:00 PM ET
▲ +0.03 (0.12%)

This chart shows the closing price for BLX by one month, three months, or twelve months.

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Boralex Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for BLX and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for BLX

Analyst Price Target is C$38.22
▲ +56.71% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Boralex in the last 3 months. The average price target is C$38.22, with a high forecast of C$43.00 and a low forecast of C$35.00. The average price target represents a 56.71% upside from the last price of C$24.39.

This chart shows the closing price for BLX for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart




Current Consensus is Buy

The current consensus among 6 contributing investment analysts is to buy stock in Boralex. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 1 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/12/2024
  • 2 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/10/2024
  • 2 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/9/2024
  • 2 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/9/2025
  • 2 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/7/2025
  • 2 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/5/2025
  • 2 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/4/2025
  • 2 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/4/2025

Latest Recommendations

  • 2 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/10/2025CIBCLower TargetC$39.00 ➝ C$38.00
11/10/2025Royal Bank Of CanadaLower TargetC$38.00 ➝ C$36.00
10/28/2025DesjardinsLower TargetTop PickC$45.00 ➝ C$43.00
8/11/2025National BanksharesLower TargetOutperformC$43.00 ➝ C$41.00
8/11/2025ScotiabankLower TargetSector PerformC$36.00 ➝ C$35.00
7/18/2025ScotiabankDowngradeOutperform ➝ Sector PerformC$36.00
6/19/2025National BanksharesBoost TargetOutperformC$42.00 ➝ C$43.00
6/18/2025TD SecuritiesBoost TargetBuyC$35.00 ➝ C$38.00
6/18/2025DesjardinsSet TargetTop PickC$45.00
6/8/2025National Bank FinancialUpgradeStrong-Buy
5/22/2025National BanksharesLower TargetOutperformC$43.00 ➝ C$42.00
5/22/2025BMO Capital MarketsLower TargetC$42.00 ➝ C$39.00
5/15/2025Raymond James FinancialUpgradeModerate Buy
3/3/2025Raymond James FinancialLower TargetC$41.00 ➝ C$39.00
2/11/2025National BanksharesLower TargetOutperformC$46.00 ➝ C$43.00
1/30/2025CormarkLower TargetC$47.00 ➝ C$35.00
1/30/2025ScotiabankLower TargetSector PerformC$42.00 ➝ C$36.00
1/8/2025CIBCLower TargetOutperformC$42.00 ➝ C$40.00
11/15/2024BMO Capital MarketsLower TargetC$46.00 ➝ C$45.00
11/15/2024CIBCLower TargetC$43.00 ➝ C$42.00
9/5/2024BMO Capital MarketsBoost TargetC$39.00 ➝ C$46.00
8/15/2024BMO Capital MarketsBoost TargetC$37.00 ➝ C$39.00
8/15/2024CormarkBoost TargetC$45.00 ➝ C$47.00
8/15/2024Raymond James FinancialBoost TargetC$38.00 ➝ C$41.00
8/15/2024Royal Bank Of CanadaBoost TargetC$36.00 ➝ C$38.00
7/22/2024Cibc World MktsUpgradeStrong-Buy
7/22/2024CIBCBoost TargetOutperformC$41.00 ➝ C$42.00
7/8/2024National BanksharesBoost TargetC$43.00 ➝ C$46.00
6/21/2024DesjardinsBoost TargetTop PickC$44.00 ➝ C$46.00
6/12/2024ScotiabankBoost TargetOutperformC$38.00 ➝ C$42.00
6/12/2024CIBCBoost TargetOutperformC$39.00 ➝ C$41.00
6/6/2024DesjardinsBoost TargetTop PickC$42.00 ➝ C$44.00
5/28/2024National BanksharesBoost TargetOutperformC$41.00 ➝ C$43.00
5/16/2024CIBCBoost TargetOutperformC$38.00 ➝ C$39.00
5/16/2024National BanksharesBoost TargetC$39.00 ➝ C$41.00
4/30/2024DesjardinsLower TargetTop PickC$44.00 ➝ C$42.00
4/25/2024Raymond James FinancialLower TargetOutperformC$40.00 ➝ C$38.00
4/19/2024CIBCLower TargetOutperformC$40.00 ➝ C$38.00
3/4/2024BMO Capital MarketsBoost TargetOutperformC$37.00
3/4/2024CIBCLower TargetOutperformC$41.00 ➝ C$40.00
1/29/2024DesjardinsBoost TargetTop PickC$43.00 ➝ C$44.00
1/9/2024CIBCBoost TargetOutperformC$39.00 ➝ C$41.00
12/18/2023National BanksharesBoost TargetOutperformC$38.00 ➝ C$41.00
12/12/2023DesjardinsUpgradeBuy ➝ Top PickC$40.00 ➝ C$43.00
11/10/2023BMO Capital MarketsLower TargetOutperformC$40.00 ➝ C$36.00
11/10/2023National BanksharesBoost TargetOutperformC$38.00 ➝ C$39.00
10/26/2023Raymond James FinancialLower TargetOutperformC$49.00 ➝ C$40.00
10/25/2023DesjardinsLower TargetBuyC$45.00 ➝ C$40.00
10/19/2023CIBCLower TargetOutperformC$43.00 ➝ C$39.00
10/18/2023TD SecuritiesLower TargetBuyC$46.00 ➝ C$41.00
10/18/2023BMO Capital MarketsLower TargetC$42.00 ➝ C$40.00
10/16/2023Royal Bank Of CanadaLower TargetSector PerformC$42.00 ➝ C$36.00
10/12/2023National BanksharesLower TargetOutperformC$43.00 ➝ C$39.00
9/11/2023DesjardinsBoost TargetBuyC$44.00 ➝ C$45.00
9/8/2023BMO Capital MarketsLower TargetC$43.00 ➝ C$42.00
8/22/2023CSFBBoost TargetOutperformC$44.00 ➝ C$47.00
8/21/2023CIBCLower TargetOutperformC$47.00 ➝ C$43.00
8/15/2023BMO Capital MarketsLower TargetC$45.00 ➝ C$43.00
8/15/2023CIBCLower TargetC$45.00 ➝ C$44.00
8/15/2023National BanksharesLower TargetC$44.00 ➝ C$43.00
7/21/2023CIBCLower TargetOutperformC$47.00 ➝ C$45.00
7/20/2023DesjardinsLower TargetBuyC$51.00 ➝ C$50.00
7/13/2023National BanksharesLower TargetC$46.00 ➝ C$44.00
6/1/2023CSFBUpgradeNeutral ➝ OutperformC$45.00 ➝ C$50.00
4/21/2023CIBCBoost TargetC$46.00 ➝ C$48.00
4/19/2023National BanksharesBoost TargetOutperformC$42.00 ➝ C$46.00
4/4/2023CSFBBoost TargetC$43.00 ➝ C$45.00
3/7/2023National BanksharesLower TargetOutperformC$47.00 ➝ C$42.00
2/27/2023Raymond James FinancialLower TargetOutperformC$53.00 ➝ C$50.50
2/27/2023CIBCLower TargetOutperformC$48.00 ➝ C$46.00
2/1/2023CSFBBoost TargetC$38.50 ➝ C$43.00
1/25/2023BMO Capital MarketsLower TargetC$49.00 ➝ C$45.00
1/23/2023CIBCLower TargetC$49.00 ➝ C$48.00
1/17/2023National BanksharesLower TargetOutperformC$48.00 ➝ C$47.00
1/10/2023CIBCBoost TargetC$44.00 ➝ C$49.00
1/5/2023CSFBBoost TargetC$36.00 ➝ C$38.50
12/30/2022National BanksharesBoost TargetOutperformC$47.00 ➝ C$48.00
12/30/2022Raymond James FinancialBoost TargetOutperformC$52.00 ➝ C$53.00
12/30/2022Royal Bank Of CanadaBoost TargetSector PerformC$40.00 ➝ C$42.00
12/30/2022CormarkBoost TargetC$55.00 ➝ C$57.50
12/30/2022ScotiabankBoost TargetC$50.00 ➝ C$53.00
11/21/2022Credit Suisse GroupLower TargetC$36.00
11/21/2022Royal Bank Of CanadaLower TargetSector PerformC$42.00 ➝ C$40.00
11/21/2022National BanksharesLower TargetOutperformC$48.00 ➝ C$47.00
11/21/2022BMO Capital MarketsLower TargetC$53.00 ➝ C$50.00
11/21/2022CSFBLower TargetC$43.00 ➝ C$36.00
11/10/2022TD SecuritiesLower TargetBuyC$53.00 ➝ C$50.00
11/10/2022BMO Capital MarketsBoost TargetC$51.00 ➝ C$53.00
11/10/2022CIBCLower TargetOutperformC$46.00 ➝ C$45.00
11/10/2022ScotiabankLower TargetC$51.00 ➝ C$50.00
10/25/2022CSFBDowngradeOutperform ➝ NeutralC$55.00 ➝ C$43.00
10/25/2022Credit Suisse GroupLower TargetNeutralC$43.00
10/20/2022ScotiabankLower TargetC$53.00 ➝ C$51.00
10/18/2022CIBCLower TargetC$50.00 ➝ C$46.00
10/7/2022National BanksharesLower TargetC$50.00 ➝ C$48.00
9/27/2022CSFBUpgradeNeutral ➝ Outperform
9/27/2022Credit Suisse GroupUpgradeBuyC$55.00
9/20/2022BMO Capital MarketsBoost TargetC$50.00 ➝ C$51.00
9/16/2022CIBCBoost TargetC$49.00 ➝ C$50.00
8/24/2022CSFBBoost TargetC$46.00 ➝ C$55.00
8/24/2022Credit Suisse GroupBoost TargetC$55.00
8/4/2022Royal Bank Of CanadaBoost TargetSector PerformC$41.00 ➝ C$48.00
8/4/2022Raymond James FinancialBoost TargetOutperformC$51.00 ➝ C$52.00
8/4/2022National BanksharesBoost TargetOutperformC$47.00 ➝ C$50.00
8/4/2022TD SecuritiesBoost TargetBuyC$50.00 ➝ C$55.00
8/4/2022BMO Capital MarketsBoost TargetC$45.00 ➝ C$50.00
8/4/2022ScotiabankBoost TargetC$48.75 ➝ C$53.00
7/21/2022CIBCBoost TargetC$46.00 ➝ C$47.00
7/11/2022CSFBDowngradeOutperform ➝ Neutral
7/11/2022Credit Suisse GroupDowngradeHoldC$46.00
7/5/2022TD SecuritiesDowngradeAction List Buy ➝ BuyC$50.00
5/12/2022National BanksharesLower TargetOutperformC$48.00 ➝ C$47.00
5/3/2022BMO Capital MarketsBoost TargetC$44.00 ➝ C$45.00
4/21/2022CIBCBoost TargetC$45.00 ➝ C$46.00
4/20/2022Credit Suisse GroupBoost TargetOutperformC$45.00 ➝ C$46.00
4/20/2022CSFBBoost TargetC$45.00 ➝ C$46.00
4/11/2022National BanksharesBoost TargetOutperformC$44.00 ➝ C$48.00
3/2/2022TD SecuritiesBoost TargetAction List BuyC$46.00 ➝ C$50.00
3/2/2022CIBCBoost TargetOutperformC$42.00 ➝ C$45.00
2/28/2022CormarkBoost TargetBuyC$50.00 ➝ C$55.00
2/25/2022Royal Bank Of CanadaBoost TargetSector PerformC$38.00 ➝ C$41.00
2/24/2022Raymond James FinancialSet TargetOutperformC$51.00
2/24/2022ScotiabankLower TargetC$45.25 ➝ C$42.75
2/24/2022National BanksharesBoost TargetOutperformC$41.00 ➝ C$42.00
2/10/2022Raymond James FinancialLower TargetOutperformC$56.00 ➝ C$51.00
2/3/2022Tudor Pickering & HoltLower TargetHoldC$41.00 ➝ C$37.00
2/3/2022Tudor PickeringLower TargetHoldC$37.00
1/27/2022ScotiabankLower TargetC$51.00 ➝ C$45.25
1/24/2022CSFBUpgradeNeutral ➝ Outperform
1/24/2022Credit Suisse GroupUpgradeOutperform
1/11/2022CIBCLower TargetC$48.00 ➝ C$42.00
12/22/2021Tudor PickeringReiterated RatingHoldC$41.00
12/22/2021Tudor Pickering & HoltSet TargetHoldC$41.00
12/16/2021TD SecuritiesLower TargetBuy ➝ Action List BuyC$50.00 ➝ C$46.00
12/1/2021Tudor PickeringReiterated RatingHoldC$41.00
12/1/2021Tudor Pickering & HoltSet TargetHoldC$41.00
11/25/2021TD SecuritiesSet TargetBuyC$50.00
11/15/2021Raymond James FinancialSet TargetOutperformC$56.00
11/15/2021ScotiabankLower TargetC$52.25 ➝ C$51.00
11/15/2021BMO Capital MarketsReiterated RatingBuyC$44.00
11/12/2021Tudor PickeringReiterated RatingHoldC$41.00
11/12/2021Tudor Pickering & HoltSet TargetHoldC$41.00
10/18/2021Tudor Pickering & HoltSet TargetHoldC$41.00
9/27/2021Tudor PickeringReiterated RatingHOLDC$41.00
9/27/2021Tudor Pickering & HoltSet TargetHoldC$41.00
9/23/2021CIBCReiterated RatingBuyC$48.00
8/9/2021Raymond James FinancialSet TargetOutperformC$56.00
8/9/2021Tudor Pickering & HoltSet TargetHoldC$41.00
8/9/2021ScotiabankLower TargetC$55.00 ➝ C$52.25
8/6/2021CIBCReiterated RatingOutperformC$48.00
7/28/2021Raymond James FinancialBoost TargetOutperformC$56.00
7/22/2021Tudor PickeringReiterated RatingHoldC$41.00
7/22/2021Tudor Pickering & HoltSet TargetHoldC$41.00
6/18/2021Credit Suisse GroupReiterated RatingNeutralC$43.00
6/18/2021CSFBSet TargetNeutralC$43.00
6/18/2021Raymond James FinancialReiterated RatingOutperformC$60.00
6/18/2021CIBCBoost TargetOutperformC$47.00
6/16/2021Tudor PickeringReiterated RatingHoldC$41.00
6/16/2021Tudor Pickering & HoltSet TargetHoldC$41.00
5/25/2021CSFBLower TargetC$48.00 ➝ C$43.00
5/25/2021Credit Suisse GroupLower TargetNeutralC$43.00
5/11/2021Credit Suisse GroupLower TargetNeutralC$48.00
5/11/2021CSFBLower TargetC$52.00 ➝ C$48.00
5/7/2021CIBCLower TargetC$48.00 ➝ C$47.00
5/6/2021Raymond James FinancialReiterated RatingOutperformC$60.00
5/6/2021TD SecuritiesLower TargetBuyC$55.00 ➝ C$50.00
5/6/2021Royal Bank Of CanadaLower TargetSector PerformC$50.00 ➝ C$45.00
5/5/2021CIBCReiterated RatingOutperformC$48.00
4/28/2021ScotiabankLower TargetC$59.00 ➝ C$55.00
4/28/2021Raymond James FinancialLower TargetOutperformC$65.00 ➝ C$60.00
4/20/2021Credit Suisse GroupBoost TargetNeutralC$52.00
4/20/2021CIBCBoost TargetOutperformC$47.00 ➝ C$48.00
4/20/2021CSFBBoost TargetC$51.00 ➝ C$52.00
3/15/2021CIBCLower TargetNAC$48.00 ➝ C$47.00
2/26/2021National Bank FinancialUpgradeSector Perform ➝ OutperformC$54.00 ➝ C$50.00
2/26/2021TD SecuritiesLower TargetBuyC$59.00 ➝ C$55.00
2/26/2021Raymond James FinancialReiterated RatingOutperformC$65.00
2/26/2021Royal Bank Of CanadaLower TargetSector PerformC$60.00 ➝ C$50.00
2/26/2021BMO Capital MarketsLower TargetC$55.00 ➝ C$48.00
2/26/2021CIBCLower TargetNeutral ➝ OutperformC$55.00 ➝ C$48.00
1/27/2021Raymond James FinancialDowngradeStrong-Buy ➝ OutperformC$46.50 ➝ C$65.00
1/20/2021Credit Suisse GroupBoost TargetC$45.00 ➝ C$51.00
1/20/2021CSFBBoost TargetC$45.00 ➝ C$51.00
1/20/2021National Bank FinancialDowngradeOutperform ➝ Sector PerformC$50.00 ➝ C$54.00
1/14/2021CIBCReiterated RatingStrong-Buy
1/13/2021CIBCBoost TargetC$43.00 ➝ C$55.00
(Data available from 12/4/2020 forward)

News Sentiment Rating

0.31 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 5 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/8/2025
  • 3 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
6/7/2025
  • 6 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/7/2025
  • 4 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
8/6/2025
  • 4 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/5/2025
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/5/2025
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/4/2025
  • 4 very positive mentions
  • 3 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
Mentions as of
12/4/2025

Current Sentiment

  • 4 very positive mentions
  • 3 positive mentions
  • 3 negative mentions
  • 1 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Boralex logo
Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex's plants rely on wind power, while a significant number also employ hydroelectric power. The company generates the vast majority of its revenue from the sale of energy through long-term contracts to customers in Canada, France, and the United States. Boralex's wind and hydroelectric power stations, located in Canada and France, account for most of this revenue. The company's facilities in Canada and France are also responsible for most of the company's total power production.
Read More

Today's Range

Now: C$24.39
Low: C$24.25
High: C$24.52

50 Day Range

MA: C$27.09
Low: C$23.97
High: C$28.99

52 Week Range

Now: C$24.39
Low: C$23.89
High: C$33.30

Volume

211,473 shs

Average Volume

340,990 shs

Market Capitalization

C$2.51 billion

P/E Ratio

N/A

Dividend Yield

2.64%

Beta

0.328466

Frequently Asked Questions

What sell-side analysts currently cover shares of Boralex?

The following Wall Street research analysts have issued research reports on Boralex in the last twelve months: BMO Capital Markets, CIBC, Cormark, Desjardins, National Bank Financial, National Bankshares, Inc., Raymond James Financial, Inc., Royal Bank Of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for BLX.

What is the current price target for Boralex?

0 Wall Street analysts have set twelve-month price targets for Boralex in the last year. Their average twelve-month price target is C$38.22, suggesting a possible upside of 56.7%. Desjardins has the highest price target set, predicting BLX will reach C$43.00 in the next twelve months. Cormark has the lowest price target set, forecasting a price of C$35.00 for Boralex in the next year.
View the latest price targets for BLX.

What is the current consensus analyst rating for Boralex?

Boralex currently has 1 hold rating, 3 buy ratings and 2 strong buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe BLX will outperform the market and that investors should add to their positions of Boralex.
View the latest ratings for BLX.

What other companies compete with Boralex?

Other companies that are similar to Boralex include Hut 8, Purpose Canadian Financial Income Fund Series ETF, Sprott, Bitfarms and HIVE Digital Technologies. Learn More about companies similar to Boralex.

How do I contact Boralex's investor relations team?

Boralex's physical mailing address is 36 Lajeunesse St, KINGSEY FALLS, QC J0A 1B0, Canada. The company's listed phone number is +1-819-3636363. The official website for Boralex is www.boralex.com. Learn More about contacing Boralex investor relations.