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UPDATE: Boralex Down About 4% on Deeper Quarterly Net Loss

Boralex Inc. (BLX.TO) went down by nearly 4% to $7.60 after reporting Friday that it had a net loss for the quarter amounting to $5.1 million or $0.14 per share, up from the previous year's net loss of $4.7 million or $0.12 per share after the decline in operating income from U.S. wood-residue power stations and higher financing costs arising from the issuance of convertible debentures. Revenues, however, totaled $54 million in the second quarter of 2011, up 47.1% compared with the same period of 2010 owing to the expansion in its wind power segment and asset acquisitions.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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