Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Stock analysts at Raymond James cut their Q2 2026 earnings per share (EPS) estimates for shares of Polaris Renewable Energy in a research report issued to clients and investors on Thursday, May 1st. Raymond James analyst D. Magder now forecasts that the company will post earnings per share of $0.21 for the quarter, down from their prior estimate of $0.22. Raymond James 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. Raymond James also issued estimates for Polaris Renewable Energy's Q3 2026 earnings at $0.17 EPS and Q4 2026 earnings at $0.25 EPS.
A number of other equities research analysts have also issued reports on the stock. Cormark lifted their target price on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a research note on Thursday, January 30th. 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 research report on Tuesday, February 11th.
Read Our Latest Stock Report on Polaris Renewable Energy
Polaris Renewable Energy Stock Performance
Shares of PIF stock remained flat at C$11.72 during trading on Monday. 9,041 shares of the company traded hands, compared to its average volume of 34,162. The business's fifty day moving average is C$11.74 and its 200-day moving average is C$12.41. Polaris Renewable Energy has a twelve month low of C$10.70 and a twelve month high of C$13.85. The company has a market capitalization 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. The company has a debt-to-equity ratio of 57.48, a current ratio of 1.82 and a quick ratio of 1.64.
Polaris Renewable Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders 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 (DPR) is 169.88%.
Insider Activity
In related news, Director Marc Murnaghan sold 2,301 shares of the firm's 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 insiders.
Polaris Renewable Energy Company Profile
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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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