Boralex Inc T.BLX

Alternate Symbol(s): BRLXF

Utilities Utilities - Independent Power Producers

Boralex Inc. is a renewable energy company specializing in four sectors of activity: wind, solar, hydroelectricity and storage. It is engaged in the development, construction, and operation of renewable energy power facilities. It develops, builds and operates power generating and storage facilities in Canada, France, the United States and the United Kingdom. It is developing a portfolio of more than 6.8 gigawatts (GW) in wind, solar projects and storage projects. It also provides management and maintenance services to certain joint ventures and associates. In addition, it has projects under construction or ready-to-build, representing an additional 264 megawatts (MW) of power and a portfolio of secured projects amounting to 587 MW. It is an independent producer of onshore wind power and has facilities in the United States and development projects in the United Kingdom. A major part of its installed capacity is accounted for by wind energy. It also owns the Sallachy Wind Farm project.

TSX:BLX - Post by User

Boralex Inc > CIBC lowers price target for BLX from $48 to $42

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Comment by Vega1357on Jan 20, 2022 10:37am

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Post# 34337234

RE:RE:CIBC lowers price target for BLX from $48 to $42

rustyblades wrote:

So my decision on BLX is that it will see $30 before it sees $42.

You were almost right as BLX hit a recent low of $30.04 but things are definitely going the wrong way for you today. Just think if you would have bought 10,000 shares below $30.50 how well you would be doing today. There was a good argument to be have been made for doing that just based on how oversold the stock was at that time, but you had to be too smart for your own good.

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