Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Equities research analysts at Cormark reduced their FY2026 earnings estimates for Polaris Renewable Energy in a research note issued to investors on Friday, May 2nd. Cormark analyst N. Boychuk now expects that the company will post earnings of $0.96 per share for the year, down from their prior forecast of $1.00. The consensus estimate for Polaris Renewable Energy's current full-year earnings is $0.65 per share.
PIF has been the topic of several other reports. Raymond James lowered shares of Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, May 1st. National Bankshares reduced their price objective 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.
Check Out Our Latest Stock Report on PIF
Polaris Renewable Energy Price Performance
TSE PIF remained flat at C$11.72 on Monday. The company's stock had a trading volume of 9,041 shares, compared to its average volume of 34,162. Polaris Renewable Energy has a 52 week low of C$10.70 and a 52 week high of C$13.85. The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 57.48. The firm has a fifty day moving average price of C$11.74 and a 200-day moving average price of C$12.41. The stock has a market cap of C$174.18 million, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97.
Insider Transactions at Polaris Renewable Energy
In other Polaris Renewable Energy news, Director Marc Murnaghan sold 2,301 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of C$12.52, for a total transaction of C$28,808.52. Insiders own 2.94% of the company's stock.
Polaris Renewable Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.12%. Polaris Renewable Energy's dividend payout ratio is currently 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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