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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

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Post by retiredcfon May 31, 2024 6:36am
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Post# 36065823

Stockchase After the Close

Stockchase After the Close

Earnings moved Bay and Wall streets in different directions Thursday. The Canadian banks continued to report with Royal and CIBC announcing beats, which lifted their shares by 5.19% and 7.01% respectively. Similarly, EQB jumped 13.52%. Aside from financials, utilities also rallied, with Boralex advancing 7.05% and Innergex Renewable Energy popping 8.17%. All sectors but tech were in the green. Gold inched up to US$2,340 as WTI sank 1.7% to slip below US$78 a barrel. The TSX rebounded 0.73% and returned to 22,000 territory.

Meanwhile on Wall Street, Salesforce reported a miss and CRM shares tanked nearly 21%. ServiceNow sank about 12%. Elsewhere, Nvidia closed -3.93%, HP rallied 16.28% and BestBuy jumped about 13% after reporting. The S&P was flat for the day, while the Nasdaq gained 0.58% and the Dow sank 0.57%. Bitcoin rose 1.1% to $68,300 as the U.S. 10-year yield hovered around 4.532%.

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