Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Stock analysts at National Bank Financial boosted their Q2 2025 earnings estimates for Polaris Renewable Energy in a research report issued on Thursday, May 1st. National Bank Financial analyst R. Merer now forecasts that the company will post earnings of $0.24 per share for the quarter, up from their prior forecast of $0.17. The consensus estimate for Polaris Renewable Energy's current full-year earnings is $0.65 per share. National Bank Financial also issued estimates for Polaris Renewable Energy's Q4 2025 earnings at $0.13 EPS and FY2026 earnings at $0.72 EPS.
Several other research firms have also weighed in on PIF. Raymond James lowered shares of Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 1st. National Bankshares cut their price target on shares of Polaris Renewable Energy from C$23.00 to C$22.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. Finally, Cormark lifted their target price on Polaris Renewable Energy from C$23.50 to C$25.00 in a research report on Thursday, January 30th.
Check Out Our Latest Stock Analysis on PIF
Polaris Renewable Energy Stock Performance
Shares of TSE:PIF remained flat at C$11.72 on Monday. The stock had a trading volume of 9,041 shares, compared to its average volume of 34,133. The firm has a market capitalization of C$174.18 million, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 57.48. The company's 50 day moving average price is C$11.74 and its 200-day moving average price is C$12.41. Polaris Renewable Energy has a 12 month low of C$10.70 and a 12 month high of C$13.85.
Insider Activity
In related news, Director Marc Murnaghan sold 2,301 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of C$12.52, for a total value of C$28,808.52. Company insiders own 2.94% of the company's stock.
Polaris Renewable Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Monday, May 12th. Polaris Renewable Energy's payout ratio is 169.88%.
About Polaris Renewable Energy
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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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