Boralex Inc. is trading at 52-week high on Tuesday, its second successive high water mark this week, after picking up rights to develop nine wind farms in southwestern Ontario to generate 90 megawatts of power by 2009. The stock is up $1.05 or 6.4 per cent to $17.50 on the TSX, on top of a 6 per cent gain on Monday. Scotia Capital analyst Sam Kanes raised his one-year price target on the stock to $14 from $13, saying he likes that Boralex is spreading out its wind farm business from France to Ontario. "Boralex is well positioned with Gaz Metro LP to win some wind farm approvals from Quebec in the next round of requests for wind power there," he writes.