Cormark Has Bearish Forecast for TSE:PIF FY2026 Earnings

Key Points

• Cormark has revised its FY2026 EPS estimate for Polaris Renewable Energy down to $0.95 from $0.96, maintaining a "Moderate Buy" rating on the stock.
• The company recently announced a $0.15 quarterly dividend with an annualized yield of 4.8%, although its payout ratio stands high at 169.88%.
• Polaris Renewable Energy's stock is currently trading at C$12.45, with a 1-year trading range between C$10.70 and C$13.66.

Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Stock analysts at Cormark decreased their FY2026 earnings per share estimates for Polaris Renewable Energy in a report released on Friday, August 1st. Cormark analyst N. Boychuk now forecasts that the company will post earnings per share of $0.95 for the year, down from their previous forecast of $0.96. Cormark has a "Moderate Buy" rating on the stock. The consensus estimate for Polaris Renewable Energy's current full-year earnings is $0.65 per share.

Several other brokerages also recently issued reports on PIF. National Bank Financial upgraded shares of Polaris Renewable Energy to a "strong-buy" rating in a report on Sunday, June 8th. Raymond James Financial lowered Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 1st.

Polaris Renewable Energy Price Performance

Shares of Polaris Renewable Energy stock traded up C$0.05 during midday trading on Monday, hitting C$12.55. 31,187 shares of the company traded hands, compared to its average volume of 30,825. The stock has a market cap of C$186.51 million, a price-to-earnings ratio of 26.00, a PEG ratio of 3.28 and a beta of 0.97. The company has a debt-to-equity ratio of 57.48, a quick ratio of 1.64 and a current ratio of 1.82. The firm's fifty day moving average price is C$12.10 and its 200-day moving average price is C$12.04. Polaris Renewable Energy has a 12 month low of C$10.70 and a 12 month high of C$13.66.

Polaris Renewable Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 22nd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, August 11th. Polaris Renewable Energy's payout ratio is 169.88%.

Insider Activity at Polaris Renewable Energy

In related news, Director Marc Murnaghan bought 7,500 shares of Polaris Renewable Energy stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average cost of C$11.98 per share, for a total transaction of C$89,850.00. Company insiders own 2.94% of the company's stock.

About Polaris Renewable Energy

Polaris Infrastructure Inc is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua.