TSE:PIF FY2024 EPS Lowered by National Bank Financial

Polaris Renewable Energy Inc. (TSE:PIF) – Investment analysts at National Bank Financial reduced their FY2024 EPS estimates for Polaris Renewable Energy in a research report issued to clients and investors on Tuesday, February 4th. National Bank Financial analyst R. Merer now anticipates that the company will earn $0.36 per share for the year, down from their previous estimate 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.

PIF has been the topic of a number of other research reports. Raymond James increased their target price on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 1st. Cormark raised their target price on Polaris Renewable Energy from C$23.50 to C$25.00 in a report on Thursday, January 30th.

Polaris Renewable Energy Stock Performance

PIF opened at C$12.94 on Thursday. The stock has a market cap of C$272.78 million, a price-to-earnings ratio of 25.88, a PEG ratio of 3.28 and a beta of 0.97. The business has a 50 day moving average of C$13.09 and a 200-day moving average of C$12.63. Polaris Renewable Energy has a 12-month low of C$11.08 and a 12-month high of C$13.85. The company has a quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63.

Polaris Renewable Energy Company Profile

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.