Cormark Predicts Lower Earnings for Polaris Renewable Energy

Polaris Renewable Energy Inc. (TSE:PIF) – Research analysts at Cormark dropped their FY2026 earnings estimates for shares of Polaris Renewable Energy in a research report issued on Friday, February 21st. Cormark analyst N. Boychuk now anticipates that the company will post earnings of $1.02 per share for the year, down from their previous estimate of $1.08. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share.

PIF has been the subject of a number of other research reports. Raymond James raised shares of Polaris Renewable Energy to a “strong-buy” rating in a research report on Friday, February 21st. National Bankshares lowered their target price on Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th.

Polaris Renewable Energy Stock Performance

Polaris Renewable Energy stock opened at C$12.06 on Monday. The company has a market cap of C$179.23 million, a PE ratio of 24.98, a P/E/G ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a 12 month low of C$11.08 and a 12 month high of C$13.85. The company has a fifty day moving average price of C$12.89 and a two-hundred day moving average price of C$12.59. The company has a debt-to-equity ratio of 57.48, a current ratio of 1.82 and a quick ratio of 1.64.

Insiders Place Their Bets

In other news, Director Marc Murnaghan sold 2,301 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of C$12.52, for a total value of C$28,808.52. 2.94% of the stock is owned by insiders.

Polaris Renewable Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Friday, February 14th. Polaris Renewable Energy’s payout ratio is 169.88%.

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.