FY2026 Earnings Forecast for TSE:PIF Issued By Raymond James

Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Equities researchers at Raymond James issued their FY2026 earnings per share (EPS) estimates for Polaris Renewable Energy in a report issued on Tuesday, April 29th. Raymond James analyst D. Magder forecasts that the company will post earnings of $0.74 per share for the year. Raymond James currently 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.

PIF has been the subject of several other research reports. Cormark upped their price objective on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a research note on Thursday, January 30th. National Bankshares cut their price objective on shares of 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.

Polaris Renewable Energy Stock Up 1.1 %

Shares of PIF traded up C$0.13 during mid-day trading on Thursday, hitting C$11.59. 8,444 shares of the company's stock were exchanged, compared to its average volume of 34,818. The company has a market cap of C$172.25 million, a price-to-earnings ratio of 24.01, a P/E/G 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. Polaris Renewable Energy has a fifty-two week low of C$10.70 and a fifty-two week high of C$13.85. The stock's 50-day moving average is C$11.76 and its 200-day moving average is C$12.44.

Insider Activity at Polaris Renewable Energy

In other news, Director Marc Murnaghan sold 2,301 shares of the 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 annualized dividend and a yield of 5.18%. Polaris Renewable Energy's dividend payout ratio (DPR) is 169.88%.

About Polaris Renewable Energy

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.