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Boralex Inc T.BLX

Alternate Symbol(s):  BRLXF

Boralex Inc. is a Canada-based renewable energy company. The Company is primarily engaged in the development, construction and operation of renewable energy power facilities. It operates in the production of three types of renewable energy: wind, solar and hydroelectric power, as well as storage, representing an asset base with an installed capacity totaling 3,051 megawatts (MW). It also provides onshore wind power, and it also has facilities in the United States and development projects in the United Kingdom. It is developing a portfolio of over 6.2 GW in wind, solar and storage projects. It holds interests in 50 facilities in North America and 77 facilities in Europe. In addition, the Company has projects under construction or ready-to-build, representing an additional 317 megawatts (MW) of power and a portfolio of secured projects amounting to 654 MW. In addition, the Company acquired a 50% interest in five wind farms in the United States with a total installed capacity of 894 MW.


TSX:BLX - Post by User

Post by Vega1357on Jan 20, 2022 10:46am
177 Views
Post# 34337297

Selling into strength until the smoke clears

Selling into strength until the smoke clearsI have decided to sell off some of my BLX on the strength this morning. BLX is no longer oversold after the rebound this morning. However, the economic climate that took it to its recent low, namely high inflation and the threat of rising interest rates, is still with us and the smoke hasn't cleared yet. I think any prudent person who is holding a lot of BLX at the moment would be wise to do the same as I'm not sure that we won't see some more downside in the stock. 
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