April 11, 2019 / 6:37 AM / 6 months ago

BUZZ-Boralex: RBC cuts to "sector perform" on growth concerns

** RBC Capital Markets downgrades Canada-based power producer Boralex to “sector perform” from “outperform”, cuts PT to C$20 from C$22 citing lack of visible organic growth

** RBC says co has surfaced organic developments at a pace slower than the brokerage expected

** Co well positioned for upcoming French onshore wind RFPs, but it will likely be a very competitive process - per broker

** As French wind resources off to a poor start in Q1, RBC has modestly reduced its 2019 adjusted EBITDA forecast to $454 million (prev. $462 million)

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