(BLX) Boralex - Ratings and Ratios

Boralex Inc. is a leading renewable energy company that develops, builds, and operates power generation and storage facilities across North America and Europe, leveraging a diverse portfolio of wind, solar, and hydroelectric resources to produce clean energy.

The companys extensive operational footprint comprises 103 wind farms, 13 solar energy facilities, 15 hydroelectric power stations, and 2 storage units, with a total installed capacity of 1,819 MW in North America and 1,343 MW in Europe, positioning it as a significant player in the renewable energy sector.

With a proven track record dating back to its incorporation in 1982, Boralex has established itself as a reliable and experienced operator in the industry, headquartered in Kingsey Falls, Canada, and listed on the Toronto Stock Exchange under the ticker symbol BLX. For more information, visit https://www.boralex.com.

Analyzing the technical data, we observe that the stock has been trending upwards, with the short-term Simple Moving Average (SMA20) at 31.18 CAD and the long-term SMA200 at 29.96 CAD, indicating a potential bullish signal. The Average True Range (ATR) of 0.72 CAD, equivalent to 2.22%, suggests moderate volatility. Given the current price of 32.22 CAD, we can anticipate a potential target price range between 33.50 CAD and 35.00 CAD in the short term, based on the stocks historical price movements and technical indicators.

From a fundamental perspective, Boralexs market capitalization stands at 3.31 billion CAD, with a forward Price-to-Earnings (P/E) ratio of 38.31, indicating a relatively high valuation. However, considering the companys growth prospects and the increasing demand for renewable energy, this valuation may be justified. With a Return on Equity (RoE) of 0.68, the company demonstrates a relatively modest return on shareholder equity. As the renewable energy sector continues to grow, we forecast that Boralex will maintain its growth trajectory, driven by its diversified portfolio and operational expertise, potentially leading to a revaluation of the stock in the range of 40-45 CAD in the next 12-18 months.