Polaris Renewable Energy (TSE:PIF - Get Free Report) was downgraded by analysts at Raymond James from a "strong-buy" rating to a "moderate buy" rating in a note issued to investors on Thursday, May 1st,Zacks.com reports. Raymond James also issued estimates for Polaris Renewable Energy's Q1 2026 earnings at $0.11 EPS, Q2 2026 earnings at $0.22 EPS, Q3 2026 earnings at $0.15 EPS, Q4 2026 earnings at $0.26 EPS and FY2026 earnings at $0.74 EPS.
Several other equities research analysts also recently commented on the stock. Cormark upped their price objective on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a report on Thursday, January 30th. National Bankshares lowered their target price on shares of Polaris Renewable Energy from C$23.00 to C$22.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th.
Check Out Our Latest Stock Report on Polaris Renewable Energy
Polaris Renewable Energy Stock Up 0.9 %
Shares of TSE:PIF traded up C$0.11 during mid-day trading on Thursday, hitting C$11.69. 9,022 shares of the company traded hands, compared to its average volume of 34,397. The stock has a 50-day moving average price of C$11.74 and a two-hundred day moving average price of C$12.42. Polaris Renewable Energy has a 12-month low of C$10.70 and a 12-month high of C$13.85. The stock has a market cap of C$173.73 million, a P/E ratio of 24.22, a P/E/G ratio of 3.28 and a beta of 0.97. The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 57.48.
Insider Buying and Selling
In other news, Director Marc Murnaghan sold 2,301 shares of Polaris Renewable Energy stock in a transaction that occurred 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 company insiders.
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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