The Globe and Mail reports in its Tuesday, Nov. 11, edition that RBC Capital analyst Nelson Ng continues to rate Boralex "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Ng cut his share target to $36 from $38. Analysts on average target the shares at $37.78. Mr. Ng says in a note: "Although another weaker-than-expected quarter and lower realized contracted prices in France continue to be headwinds, we see tailwinds from the Q4/25 completion of the battery storage projects in Ontario, and the potential contract awards in H1/26 from bids into RFPs in Q4/25. We are modestly reducing our price target to $36 (from $38) to reflect our view that there will be a slower pace of project completions in 2026/27 period, limiting near-term growth." The Globe reported on Aug. 16, 2024, that Mr. Ng had reaffirmed his "sector perform" recommendation for Boralex. The shares could then be had for $33.91. The Globe reported on Oct. 29, 2025, that Desjardins Securities analyst Brent Stadler was keeping his "top pick" recommendation for Boralex intact. The shares could then be had for $28.57.