TSE:PIF Polaris Renewable Energy - PIF Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. C$13.04 +0.21 (+1.64%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's RangeC$12.80▼C$13.0450-Day RangeC$12.83▼C$15.3052-Week RangeC$12.80▼C$23.05Volume13,447 shsAverage Volume45,076 shsMarket CapitalizationC$274.23 millionP/E Ratio81.50Dividend Yield6.21%Price TargetC$28.67 ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media Polaris Renewable Energy MarketRank™ ForecastAnalyst RatingBuy3.25 Rating ScoreUpside/Downside119.8% UpsideC$28.67 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.88Based on 3 Articles This WeekInsider 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.2.43 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 119.8% from its current price of C$13.04.Amount of Analyst CoveragePolaris Renewable Energy has only been the subject of 1 research reports 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 6.20%, 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 506.25%. 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 2.7 News and Social Media Coverage News SentimentPolaris Renewable Energy has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Polaris Renewable Energy this week, compared to 1 article on an average week.Search InterestOnly 2 people have searched for PIF on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Polaris Renewable Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -71% 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 21.18% 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 81.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.34.Price to Earnings Ratio vs. SectorThe P/E ratio of Polaris Renewable Energy is 81.50, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 107.38.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 1.02. 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 HeadlinesMarch 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 26, 2023 | Oxford Club (Ad)My No. 1 dividend stock for a LIFETIME of income.Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.March 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.March 26, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. 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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 BoardNovember 9, 2022 | finance.yahoo.comPolaris Renewable Energy Third Quarter 2022 Earnings: Misses ExpectationsNovember 3, 2022 | finanznachrichten.dePolaris Renewable Energy Inc.: Polaris Renewable Energy Announces Q3 2022 ResultsNovember 3, 2022 | finance.yahoo.comPolaris Renewable Energy Announces Q3 2022 ResultsOctober 22, 2022 | finance.yahoo.comPolaris Renewable Energy Inc.'s (TSE:PIF) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?October 20, 2022 | theglobeandmail.comPolaris Renewable Energy: Top 10 Undervalued Utilities Sector Stocks on TSX (PIF)September 25, 2022 | finance.yahoo.comThe three-year decline in earnings might be taking its toll on Polaris Renewable Energy (TSE:PIF) shareholders as stock falls 12% over the past weekSeptember 21, 2022 | theglobeandmail.comPolaris Renewable Energy: Top 10 Undervalued Utilities Stocks on TSX (PIF)September 20, 2022 | finance.yahoo.comIIROC Trading Halt - PIF.DBSeptember 9, 2022 | benzinga.comPolaris Renewable Energy Closes Third Acquisition...September 8, 2022 | finanznachrichten.dePolaris Renewable Energy Inc.: Polaris Renewable Energy Closes Third Acquisition in 2022 - EcuadorSeptember 8, 2022 | wsj.comPolaris Renewable Energy Inc.September 7, 2022 | finance.yahoo.comPolaris Renewable Energy Closes Third Acquisition in 2022 - EcuadorAugust 10, 2022 | finanznachrichten.dePolaris Renewable Energy Inc.: Polaris Renewable Energy Issues Notice of Redemption for 7.00% Unsecured Convertible DebenturesAugust 4, 2022 | finance.yahoo.comPolaris Renewable Energy Announces Q2 2022 ResultsAugust 4, 2022 | finance.yahoo.comPolaris Renewable Energy Declares Quarterly DividendSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Ex-Dividend for 2/24 Dividend2/10/2023Last Earnings2/23/2023Dividend Payable2/24/2023Today3/25/2023Next Earnings (Estimated)5/04/2023Get 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+119.8%Consensus RatingBuy Rating Score (0-4)3.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.16 Trailing P/E Ratio81.50 Forward P/E Ratio16.69 P/E Growth3.28Net IncomeC$2.50 million Net Margins3.99% Pretax MarginN/A Return on Equity0.92% Return on Assets2.22% Debt Debt-to-Equity Ratio69.33 Current Ratio1.65 Quick Ratio1.64 Sales & Book Value Annual SalesC$62.60 million Price / Sales4.38 Cash FlowC$1.57 per share Price / Cash Flow8.31 Book ValueC$12.83 per share Price / Book1.02Miscellaneous Outstanding Shares21,030,000Free FloatN/AMarket CapC$274.23 million OptionableNot Optionable Beta0.94 Key ExecutivesMr. Marc Murnaghan (Age 50)CEO & Director Comp: $562.9kMr. Anthony Jelic CPACGA, Chief Financial OfficerMr. Alexis Guillermo OsornoSr. VP of Latin AmericaKey CompetitorsMaxim PowerTSE:MXGAltius Renewable RoyaltiesTSE:ARRTidewater RenewablesTSE:LCFSJust Energy GroupTSE:JEGreen Impact PartnersCVE:GIPView 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 research 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 research 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 Wall Street analysts have issued 12-month target prices for Polaris Renewable Energy's stock. Their PIF share price forecasts range from C$20.00 to C$40.00. On average, they predict the company's share price to reach C$28.67 in the next year. This suggests a possible upside of 119.8% 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 at the beginning of the year. Since then, PIF shares have decreased by 7.3% and is now trading at C$13.04. 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, May 4th 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, February, 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.17. The firm earned $22.91 million during the quarter, compared to the consensus estimate of $23.75 million. Polaris Renewable Energy had a trailing twelve-month return on equity of 0.92% and a net margin of 3.99%. 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 Monday, February 6th. Stockholders of record on Monday, February 13th will be given a dividend of 0.15 per share on Friday, February 24th. This represents a $0.60 annualized dividend and a yield of 4.60%. The ex-dividend date is Friday, February 10th. 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$0.81 per share and currently has a dividend yield of 6.20%. PIF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 506.25%. 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$13.04. How much money does Polaris Renewable Energy make? Polaris Renewable Energy (TSE:PIF) has a market capitalization of C$274.23 million and generates C$62.60 million in revenue each year. The company earns C$2.50 million in net income (profit) each year or C$0.16 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 3/26/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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