Polaris Renewable Energy (TSE:PIF) Lowered to Moderate Buy Rating by Cormark

Key Points

• Polaris Renewable Energy's stock rating was downgraded from "strong-buy" to "moderate buy" by Cormark, along with estimated FY2026 earnings of $0.95 EPS.
• Despite the downgrade, National Bank Financial raised Polaris' rating to "strong-buy" earlier this month, indicating mixed analyst sentiment.
• Insider activity included Director Marc Murnaghan purchasing 7,500 shares at C$11.98 each, totaling C$89,850.00.

Polaris Renewable Energy (TSE:PIF - Get Free Report) was downgraded by Cormark from a "strong-buy" rating to a "moderate buy" rating in a research note issued to investors on Friday,Zacks.com reports. Cormark also issued estimates for Polaris Renewable Energy's FY2026 earnings at $0.95 EPS.

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

Polaris Renewable Energy Stock Down 1.1%

TSE PIF traded down C$0.14 during mid-day trading on Friday, reaching C$12.50. 42,375 shares of the company's stock traded hands, compared to its average volume of 30,835. The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 57.48. Polaris Renewable Energy has a 1-year low of C$10.70 and a 1-year high of C$13.66. The company has a fifty day simple moving average of C$12.09 and a 200-day simple moving average of C$12.04. The company has a market cap of C$185.77 million, a price-to-earnings ratio of 25.90, a P/E/G ratio of 3.28 and a beta of 0.97.

Insider Transactions at Polaris Renewable Energy

In other news, Director Marc Murnaghan acquired 7,500 shares of Polaris Renewable Energy stock in a transaction on Thursday, June 12th. The stock was bought at an average price 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.

Polaris Renewable Energy Company Profile

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.