TSE:PIF Polaris Renewable Energy (PIF) Stock Forecast, Price & News C$14.31 -0.08 (-0.56%) (As of 06/6/2023 ET) Add Compare Share Share Today's RangeC$14.19▼C$14.4350-Day RangeC$12.91▼C$15.0952-Week RangeC$12.72▼C$23.05Volume14,814 shsAverage Volume34,315 shsMarket CapitalizationC$300.94 millionP/E Ratio49.34Dividend Yield5.73%Price TargetC$28.67 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media Polaris Renewable Energy MarketRank™ ForecastAnalyst RatingBuy3.25 Rating ScoreUpside/Downside100.3% UpsideC$28.67 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring SharesC$26,220 Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.09 out of 5 stars 3.6 Analyst's Opinion Consensus RatingPolaris Renewable Energy has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$28.67, Polaris Renewable Energy has a forecasted upside of 100.3% from its current price of C$14.31.Amount of Analyst CoveragePolaris Renewable Energy has received no research coverage in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for PIF. Previous Next 1.7 Dividend Strength Dividend LeadershipPolaris Renewable Energy is a leading dividend payer. It pays a dividend yield of 5.79%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPolaris Renewable Energy does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Polaris Renewable Energy is 282.76%. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PIF. Previous Next 0.0 News and Social Media Coverage MarketBeat FollowsOnly 1 people have added Polaris Renewable Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Polaris Renewable Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$26,220.00 in company stock and sold C$0.00 in company stock.Percentage Held by InsidersOnly 2.37% of the stock of Polaris Renewable Energy is held by insiders.Percentage Held by InstitutionsOnly 20.58% of the stock of Polaris Renewable Energy is held by institutions. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Polaris Renewable Energy is 49.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.12.Price to Earnings Ratio vs. SectorThe P/E ratio of Polaris Renewable Energy is 49.34, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 97.73.Price to Earnings Growth RatioPolaris Renewable Energy has a PEG Ratio of 3.28. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioPolaris Renewable Energy has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Polaris Renewable Energy (TSE:PIF) StockPolaris Renewable Energy Inc. engages in the acquisition, development, and operation of renewable energy projects in Latin America. The company operates a 72 MW net geothermal facility in Nicaragua; and three run-of-river hydroelectric facilities in Peru with approximately 5 MW net, 8 MW net, and 20 MW net capacity. It also operates a solar project in the Dominican Republic with 32.6 MWdc. The company was formerly known as Polaris Infrastructure Inc. and changed its name to Polaris Renewable Energy Inc. in July 2022. Polaris Renewable Energy Inc. was incorporated in 1984 and is based in Toronto, Canada.Read More Receive PIF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Polaris Renewable Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address PIF Stock News HeadlinesMay 24, 2023 | finanznachrichten.dePolaris Renewable Energy Inc.: Polaris Renewable Energy Announces Signing of 25 MW Power Purchase Agreement for Solar Project Canoa IIMay 10, 2023 | americanbankingnews.comPolaris Renewable Energy Inc. (TSE:PIF) to Post FY2024 Earnings of $1.06 Per Share, Cormark ForecastsJune 6, 2023 | Behind the Markets (Ad)How A.I. Could Make Most 21st Century Diseases EXTINCTOn December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...May 9, 2023 | americanbankingnews.comPolaris Renewable Energy Inc. Expected to Post Q1 2024 Earnings of $0.22 Per Share (TSE:PIF)May 9, 2023 | americanbankingnews.comRaymond James Comments on Polaris Renewable Energy Inc.'s Q2 2023 Earnings (TSE:PIF)May 6, 2023 | americanbankingnews.comPolaris Renewable Energy Inc. (TSE:PIF) Plans Quarterly Dividend of $0.15May 5, 2023 | msn.comPolaris Renewable Energy GAAP EPS of $0.22, revenue of $20.1MMay 4, 2023 | finanznachrichten.dePolaris Renewable Energy Inc.: Polaris Renewable Energy Announces Q1 2023 ResultsJune 6, 2023 | Behind the Markets (Ad)How A.I. Could Make Most 21st Century Diseases EXTINCTOn December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...May 4, 2023 | finance.yahoo.comPolaris Renewable Energy Announces Q1 2023 ResultsApril 22, 2023 | americanbankingnews.comQ1 2023 EPS Estimates for Polaris Renewable Energy Inc. (TSE:PIF) Decreased by National Bank FinancialApril 21, 2023 | americanbankingnews.comQ4 2023 EPS Estimates for Polaris Renewable Energy Inc. Boosted by National Bank Financial (TSE:PIF)April 19, 2023 | msn.com4 Renewable Energy Stocks That Could Put You in the GreenApril 14, 2023 | americanbankingnews.comFY2024 Earnings Estimate for Polaris Renewable Energy Inc. (TSE:PIF) Issued By National Bank FinancialApril 11, 2023 | americanbankingnews.comEquities Analysts Offer Predictions for Polaris Renewable Energy Inc.'s Q1 2023 Earnings (TSE:PIF)March 29, 2023 | finance.yahoo.comWhen Should You Buy Polaris Renewable Energy Inc. (TSE:PIF)?March 27, 2023 | finance.yahoo.comPolaris Renewable Energy Inc (N4T.SG)March 23, 2023 | seekingalpha.comPIF:CA Polaris Renewable Energy Inc.March 23, 2023 | americanbankingnews.comMarc Murnaghan Purchases 2,000 Shares of Polaris Renewable Energy Inc. (TSE:PIF) StockMarch 15, 2023 | finanznachrichten.dePolaris Renewable Energy Inc.: Polaris Renewable Energy Announces $10 Term Loan Facility with Export Development CanadaMarch 15, 2023 | finance.yahoo.comPolaris Renewable Energy Announces $10 Term Loan Facility with Export Development CanadaMarch 8, 2023 | finance.yahoo.comPolaris Renewable Energy (TSE:PIF) investors are sitting on a loss of 2.1% if they invested five years agoFebruary 24, 2023 | finanznachrichten.dePolaris Renewable Energy Inc.: Polaris Renewable Energy Announces Q4 and Year End 2022 ResultsJanuary 3, 2023 | ca.finance.yahoo.comStocks in play: Polaris Renewable Energy Inc.January 3, 2023 | finanznachrichten.dePolaris Renewable Energy Inc.: Binary Unit Commences OperationsDecember 20, 2022 | finance.yahoo.comCapital Allocation Trends At Polaris Renewable Energy (TSE:PIF) Aren't IdealDecember 13, 2022 | finance.yahoo.comPolaris Renewable Energy Adds Expertise to Work with the BoardSee More Headlines PIF Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PIF Company Calendar Last Earnings8/05/2021Ex-Dividend for 5/26 Dividend5/12/2023Dividend Payable5/26/2023Today6/06/2023Next Earnings (Estimated)8/03/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Utilities - Independent Power Producers Sub-IndustryN/A SectorUtilities Current SymbolTSE:PIF CUSIPN/A CIKN/A Webwww.polarisinfrastructure.com Phone416-849-2587FaxN/AEmployees151Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$28.67 High Stock Price ForecastC$40.00 Low Stock Price ForecastC$20.00 Forecasted Upside/Downside+100.3%Consensus RatingBuy Rating Score (0-4)3.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.29 Trailing P/E Ratio49.34 Forward P/E Ratio19.22 P/E Growth3.28Net IncomeC$4.66 million Net Margins7.00% Pretax MarginN/A Return on Equity1.76% Return on Assets2.50% Debt Debt-to-Equity Ratio67.96 Current Ratio1.81 Quick Ratio1.64 Sales & Book Value Annual SalesC$66.65 million Price / Sales4.52 Cash FlowC$1.72 per share Price / Cash Flow8.31 Book ValueC$12.90 per share Price / Book1.11Miscellaneous Outstanding Shares21,030,000Free FloatN/AMarket CapC$300.94 million OptionableNot Optionable Beta0.92 Key ExecutivesMr. Marc Murnaghan (Age 50)CEO & Director Comp: $562.9kMr. Anthony Jelic CPACGA, Chief Financial OfficerMr. Alexis Guillermo OsornoSr. VP of Latin AmericaKey CompetitorsAltius Renewable RoyaltiesTSE:ARRTidewater RenewablesTSE:LCFSJust Energy GroupTSE:JEMaxim PowerTSE:MXGGlobal Water ResourcesTSE:GWRView All CompetitorsInsidersMarc MurnaghanBought 2,000 shares on 3/13/2023Total: C$26,220.00 ($13.11/share)View All Insider Transactions PIF Stock - Frequently Asked Questions Should I buy or sell Polaris Renewable Energy stock right now? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Polaris Renewable Energy in the last twelve months. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PIF shares. View PIF analyst ratings or view top-rated stocks. What is Polaris Renewable Energy's stock price forecast for 2023? 4 brokers have issued 1-year target prices for Polaris Renewable Energy's shares. Their PIF share price forecasts range from C$20.00 to C$40.00. On average, they anticipate the company's stock price to reach C$28.67 in the next year. This suggests a possible upside of 100.3% from the stock's current price. View analysts price targets for PIF or view top-rated stocks among Wall Street analysts. How have PIF shares performed in 2023? Polaris Renewable Energy's stock was trading at C$14.07 on January 1st, 2023. Since then, PIF stock has increased by 1.7% and is now trading at C$14.31. View the best growth stocks for 2023 here. When is Polaris Renewable Energy's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023. View our PIF earnings forecast. How were Polaris Renewable Energy's earnings last quarter? Polaris Renewable Energy Inc. (TSE:PIF) announced its earnings results on Thursday, August, 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by $0.04. Polaris Renewable Energy had a net margin of 7.00% and a trailing twelve-month return on equity of 1.76%. How often does Polaris Renewable Energy pay dividends? What is the dividend yield for Polaris Renewable Energy? Polaris Renewable Energy declared a quarterly dividend on Thursday, May 4th. Shareholders of record on Monday, May 15th will be given a dividend of 0.15 per share on Friday, May 26th. This represents a $0.60 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Friday, May 12th. Read our dividend analysis for PIF. Is Polaris Renewable Energy a good dividend stock? Polaris Renewable Energy (TSE:PIF) pays an annual dividend of C$0.82 per share and currently has a dividend yield of 5.79%. PIF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 282.76%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for PIF. What other stocks do shareholders of Polaris Renewable Energy own? Based on aggregate information from My MarketBeat watchlists, some companies that other Polaris Renewable Energy investors own include Dream Global REIT (DRG.UN), American Hotel Income Properties REIT (HOT.UN), Pembina Pipeline (PPL), AltaGas (ALA), Enbridge (ENB), Brookfield Property Partners (BPY.UN), Medical Facilities (DR), NFI Group (NFI), Aurora Cannabis (ACB) and Automotive Properties Real Est Invt TR (APR.UN). What is Polaris Renewable Energy's stock symbol? Polaris Renewable Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "PIF." How do I buy shares of Polaris Renewable Energy? Shares of PIF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. What is Polaris Renewable Energy's stock price today? One share of PIF stock can currently be purchased for approximately C$14.31. How much money does Polaris Renewable Energy make? Polaris Renewable Energy (TSE:PIF) has a market capitalization of C$300.94 million and generates C$66.65 million in revenue each year. The company earns C$4.66 million in net income (profit) each year or C$0.29 on an earnings per share basis. How many employees does Polaris Renewable Energy have? The company employs 151 workers across the globe. How can I contact Polaris Renewable Energy? The official website for the company is www.polarisinfrastructure.com. The company can be reached via phone at 416-849-2587. This page (TSE:PIF) was last updated on 6/6/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Polaris Renewable Energy Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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