Boralex stock surges over 10% as strong wind powers Q1 profit

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Renewable Energy News

Boralex,Hydroelectric Power

The Montreal-based company says its North American wind business partially offset weaker power generation and sales revenue in Europe.

) climbed over 10 per cent on Wednesday. The company says higher production at its North American wind farms was the main factor behind a 62 per cent year-over-year jump in net income in its first quarter of 2024.

Boralex has a large pipeline of wind, solar, and storage projects in works that are set to more than double its installed capacity by 2030. This dividend stock is still down by 36% in the last year but offers even more growth after taking a year to balance the books. The post Should You Buy This 7% Dividend Stock While it’s Below $6? appeared first on The Motley Fool Canada.Creating a passive-income stream through dividend stocks is a great way to beat inflation. Here are two stocks that can help. The post I Expect These Canadian Dividend Powerhouses to Raise Their Payouts Even More appeared first on The Motley Fool Canada.

 

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