Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Analysts at National Bank Financial reduced their FY2024 EPS estimates for Polaris Renewable Energy in a research note issued to investors on Tuesday, February 4th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of $0.36 for the year, down from their previous forecast of $0.39. The consensus estimate for Polaris Renewable Energy's current full-year earnings is $0.65 per share. National Bank Financial also issued estimates for Polaris Renewable Energy's FY2025 earnings at $0.30 EPS.
Other equities analysts have also recently issued research reports about the stock. Cormark upped 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. Raymond James increased their price objective on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a "strong-buy" rating in a research report on Friday, November 1st.
Read Our Latest Analysis on PIF
Polaris Renewable Energy Stock Performance
Shares of TSE:PIF traded down C$0.19 during midday trading on Thursday, reaching C$12.75. 27,088 shares of the company's stock traded hands, compared to its average volume of 33,756. The company has a debt-to-equity ratio of 62.63, a quick ratio of 1.64 and a current ratio of 1.86. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$13.85. The company has a market cap of C$268.77 million, a price-to-earnings ratio of 25.50, a P/E/G ratio of 3.28 and a beta of 0.97. The stock has a 50 day moving average of C$13.08 and a 200 day moving average of C$12.62.
About Polaris Renewable Energy
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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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