Polaris Renewable Energy (TSE:PIF – Free Report) had its target price increased by Raymond James from C$19.00 to C$21.00 in a research report released on Friday morning, BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock. Raymond James also issued estimates for Polaris Renewable Energy’s FY2024 earnings at $0.55 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.25 EPS and FY2025 earnings at $0.75 EPS.
Separately, National Bankshares raised their target price on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th.
Get Our Latest Stock Analysis on Polaris Renewable Energy
Polaris Renewable Energy Price Performance
Polaris Renewable Energy (TSE:PIF – Get Free Report) last released its earnings results on Thursday, August 1st. The company reported C$0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.03). The firm had revenue of C$25.59 million during the quarter, compared to the consensus estimate of C$25.50 million. Polaris Renewable Energy had a return on equity of 2.88% and a net margin of 10.08%. As a group, sell-side analysts anticipate that Polaris Renewable Energy will post 0.6481187 earnings per share for the current fiscal year.
Polaris Renewable Energy Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be paid a dividend of $0.203 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.81 dividend on an annualized basis and a yield of 6.71%. Polaris Renewable Energy’s payout ratio is 164.00%.
Polaris Renewable Energy Company Profile
Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.
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