Polaris Renewable Energy (PIF) Stock Price, News & Analysis

Company Overview

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. 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 headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$12.27 to C$12.65
• 50-Day Range: C$12.00 to C$12.96
• 52-Week Range: C$11.08 to C$14.14
• Volume: 94,000 shs
• Average Volume: 45,292 shs
• Market Capitalization: C$264.55 million
• P/E Ratio: 25.10
• Dividend Yield: 6.53%
• Price Target: C$20.50
• Consensus Rating: Strong Buy

Polaris Renewable Energy Stock Analysis - MarketRank™

Polaris Renewable Energy scored higher than 84% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

Polaris Renewable Energy has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Polaris Renewable Energy has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Polaris Renewable Energy is 25.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.03.

Price to Earnings Ratio vs. Sector

The P/E ratio of Polaris Renewable Energy is 25.10, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 98.76.

Price to Earnings Growth Ratio

Polaris 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 Ratio

Polaris Renewable Energy has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PIF.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Polaris Renewable Energy is a leading dividend payer. It pays a dividend yield of 6.67%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Polaris Renewable Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Polaris Renewable Energy is 164.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PIF.

News and Social Media

• Score: 4.1 / 5
• News Sentiment: 1.43

News Sentiment

Polaris Renewable Energy has a news sentiment score of 1.43. 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 0.56 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Polaris Renewable Energy this week, compared to 1 article on an average week.

Search Interest

11 people have searched for PIF on MarketBeat in the last 30 days. This is an increase of 10% compared to the previous 30 days.

MarketBeat Follows

2 people have added Polaris Renewable Energy to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In 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$543,334.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

Only 2.94% of the stock of Polaris Renewable Energy is held by insiders.

Percentage Held by Institutions

Only 21.99% of the stock of Polaris Renewable Energy is held by institutions.

PIF Stock Analysis - Frequently Asked Questions

How have PIF shares performed this year?

Polaris Renewable Energy's stock was trading at C$13.23 on January 1st, 2024. Since then, PIF stock has decreased by 5.1% and is now trading at C$12.55.
View the best growth stocks for 2024 here.

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 10.08% and a trailing twelve-month return on equity of 2.88%.

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 other stocks do shareholders of Polaris Renewable Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Polaris Renewable Energy investors own include Enbridge (ENB), NVIDIA (NVDA), TELUS (T), Algonquin Power & Utilities (AQN), Toronto-Dominion Bank (TD), Canadian Natural Resources (CNQ) and PayPal (PYPL).

Company Calendar

• Last Earnings: 8/05/2021
• Ex-Dividend for 8/23 Dividend: 8/12/2024
• Dividend Payable: 8/23/2024
• Ex-Dividend for 11/22 Dividend: 11/08/2024
• Today: 11/17/2024
• Dividend Payable: 11/22/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Utilities
• Industry: Utilities - Renewable
• Sub-Industry: N/A
• Current Symbol: TSE:PIF
• CUSIP: N/A
• CIK: N/A
• Web: www.polarisinfrastructure.com
• Phone: 416-849-2587
• Fax: N/A
• Employees: 235
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$20.50
• High Stock Price Target: C$21.00
• Low Stock Price Target: C$20.00
• Potential Upside/Downside: +63.3%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.50
• Trailing P/E Ratio: 25.10
• Forward P/E Ratio: 19.36
• P/E Growth: 3.28
• Net Income: C$7.76 million
• Net Margins: 10.08%
• Pretax Margin: N/A
• Return on Equity: 2.88%
• Return on Assets: 3.18%

Debt

• Debt-to-Equity Ratio: 62.63
• Current Ratio: 1.86
• Quick Ratio: 1.64

Sales & Book Value

• Annual Sales: C$76.92 million
• Price / Sales: 3.44
• Cash Flow: C$1.51 per share
• Price / Cash Flow: 8.31
• Book Value: C$12.74 per share
• Price / Book: 0.99

Miscellaneous

• Outstanding Shares: 21,080,000
• Free Float: N/A
• Market Cap: C$264.55 million
• Optionable: Not Optionable
• Beta: 0.97