Boralex Stock Forecast

Stock Price Forecast

According to 6 analysts polled by S&P Global, Boralex stock has a consensus rating of "Hold" and an average price target of $36.88. The average 1-year stock price forecast is 0.16% higher than the current stock price, while the lowest is $35.00 (-4.94%) and the highest is $37.25 (+1.17%).

Price Target: $36.88 (+0.16%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$35.00	$36.88	$37.25	$37.25
Change	-4.94%	+0.16%	+1.17%	+1.17%

Analyst Ratings

The average analyst rating for Boralex stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	4	4	4	1	1	1
Buy	3	3	3	1	1	0
Hold	3	3	3	4	1	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	2	2	2
Total	10	10	10	8	5	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sean Steuart TD Cowen	TD Cowen	Sell Maintains $37.25	Sell	Maintains	$37.25	+1.17%	May 14, 2026
Daniel Magder Raymond James	Raymond James	Hold Downgrades $38.00 → $37.25	Hold	Downgrades	$38.00 → $37.25	+1.17%	May 13, 2026
Nelson Ng RBC Capital	RBC Capital	Hold Maintains $33.00 → $37.25	Hold	Maintains	$33.00 → $37.25	+1.17%	May 12, 2026
Robert Hope Scotiabank	Scotiabank	Hold Maintains $31.00 → $37.25	Hold	Maintains	$31.00 → $37.25	+1.17%	Mar 26, 2026
Mark Jarvi CIBC	CIBC	Buy Maintains $35.00	Buy	Maintains	$35.00	-4.94%	Mar 2, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

977.20M

from 849.00M

15.10%

from 849.00M

Revenue Next Year

956.22M

from 977.20M

-2.15%

from 977.20M

EPS This Year

0.28

from 0.22

29.87%

from 0.22

EPS Next Year

0.95

from 0.28

237.56%

from 0.28

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	691.00M	836.00M	1.02B	853.00M	849.00M	977.20M
Revenue Growth	9.16%	20.98%	22.25%	-16.54%	-0.47%	15.10%
Net Income	17.00M	30.00M	78.00M	36.00M	7.00M	58.77M
EPS	-	-	-	-	0.22	0.28
EPS Growth	-	-	-	-	-65.12%	29.87%
Dividend / Share	0.66	0.66	0.66	0.66	0.66	0.66
Dividend Growth	-	-	-	-	-	-
Free Cash Flow	150.63M	252.88M	117.38M	60.25M	-686.38M	174.00M
FFO	-	-	-	-	-	456.00M
FFO / Share	-	-	-	-	-	4.43
P/FFO	-	-	-	-	-	8.31
No. Analysts	-	-	-	-	-	1

EPS based on non-GAAP adjusted numbers. Financial currency is CAD.

Revenue Forecast

Revenue	2026	2027	2028
High	977.2M
Avg	977.2M
Low	977.2M

Revenue Growth

Revenue Growth	2026	2027	2028
High	15.1%
Avg	15.1%
Low	15.1%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	0.28
Low	-

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	29.9%
Low	-