Boralex (BRLXF) Projected to Announce Earnings on Friday

Boralex (OTCMKTS:BRLXF) is expected to issue its results before the market opens on Friday, August 7th. Analysts expect Boralex to announce earnings of $0.1302 per share and revenue of $155.7250 million for the quarter.

Boralex Trading Up 1.4%

BRLXF stock opened at $26.46 on Thursday. Boralex has a 12-month low of $17.06 and a 12-month high of $27.66. The business’s 50-day moving average is $26.24 and its 200 day moving average is $23.81.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BRLXF shares. Raymond James Financial downgraded Boralex from an “outperform” rating to a “market perform” rating in a research report on Friday, May 15th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Boralex in a research note on Tuesday, May 12th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Boralex Company Profile

Boralex (OTCMKTS:BRLXF) is a Canada-based independent power producer specializing in renewable energy. The company focuses on the development, construction, acquisition and operation of onshore wind farms, solar power facilities, small-scale hydroelectric stations and energy storage projects. Drawing on in-house engineering and project management expertise, Boralex provides comprehensive services that cover site selection, permitting, financing and long-term operations.

Since its founding in 1990 in Kingsey Falls, Quebec, Boralex has expanded its footprint beyond North America into Europe and the United Kingdom.