Quebec-based Boralex announced earlier this month that it had won the contract to build five solar farms in the state of New York. The five plants will boost Boralex’s output of renewable energy by 20 per cent. Boralex produces wind, hydroelectric, solar and thermal energy at plants in Canada, France, the U.S. and U.K.Shares in the Alberta-based oil and gas producer rose this week after the company was upgraded from “sector perform” to “sector outperform” by Scotiabank analyst Jason Bouvier.
Company CEO Lino Saputo said the company would continue to raise prices for its products, as its costs also rise.Investors seemed to be doing some profit taking this week after shares in the flight and health simulator company rose following a strong quarterly earnings report released May 31. CAE stock has now given back all of the post-earnings gains, and then some.Shares in Enghouse plunged after the software and IT services company announced fiscal second quarter earnings had fallen to $17.