Boralex Inc. (BLX) Reaches New 1-Year High at $23.34
Boralex Inc. (TSE:BLX)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$23.34 and last traded at C$23.01, with a volume of 168393 shares changing hands. The stock had previously closed at C$22.91.
BLX has been the topic of several analyst reports. CIBC cut their price target on shares of Boralex from C$25.00 to C$24.50 in a report on Thursday, August 10th. BMO Capital Markets upped their price target on shares of Boralex from C$24.50 to C$25.00 in a report on Friday, September 8th. Raymond James Financial, Inc. upped their price target on shares of Boralex from C$24.50 to C$26.00 in a report on Tuesday, October 24th. Finally, TD Securities upped their price target on shares of Boralex from C$25.00 to C$26.00 in a report on Monday, November 13th.
In other Boralex news, Director Michelle Samson-Doel sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of C$21.90, for a total value of C$219,000.00. Also, Director Marie Giguère acquired 3,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was bought at an average cost of C$22.18 per share, with a total value of C$66,540.00.
Boralex Inc is a power producer that develops, constructs and operates renewable energy power stations. The Company’s segments include wind, hydroelectric, thermal and solar. It operates an asset base with a capacity of approximately 1,260 megawatts (MW), of which over 1,090 MW are under its control, consisting of approximately 490 MW in Canada, over 520 MW in France and over 80 MW in the Northeastern United States.
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