Renewable energy stock Boralex is a Buy, says iA Capital Markets

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Results were mixed for the first quarter from Boralex Inc (Boralex Stock Quote, Charts, News, Analysts, Financials TSX:BLX), according to Naji Baydoun, analyst for iA Capital Markets. But Baydoun has retained a “Buy” rating on the stock, saying in a Thursday report that the renewable power company has both solid free cash flow growth and a potential upside from its development pipeline.

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Source: Cantech Letter

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Innergex is a “Strong Buy,” says iA Capital Markets

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It’s been a tough two-plus years for fans of Canadian renewable energy name Innergex (Innergex Renewable Energy Stock Quote, Charts, News, Analysts, Financials TSX:INE), with the stock now down by more than half since hitting highs in early 2021. But there are lots of reasons to be owning Innergex at these levels, according to iA Capital Markets analyst Naji Baydoun, who provided an update to clients on the company on Tuesday where he reiterated a “Strong Buy” recommendation on the stock. Read more. Source: Cantech Letter
This lithium stock is a Top Pick, says iA Capital Markets

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Lightspeed Commerce is a Buy, says iA Capital Markets

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MediaValet is a Buy, says iA Capital Markets

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Algonquin Power is still a pass, says iA Capital Markets

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Nixing its plans for a major acquisition in the United States is a good move for Algonquin Power & Utilities (Algonquin Power & Utilities Stock Quote, Charts, News, Analysts, Financials TSX:AQN), according to iA Capital Markets analyst Naji Baydoun, but a still cloudy growth outlook should keep investors on the sidelines for the time being. Baydoun provided an update to clients on Tuesday where he reiterated a “Hold” rating on Algonquin while raising his target price from C$11.00 to C$12.00. Read more. Source: Cantech Letter