Cormark Has Negative Estimate for TSE:PIF FY2026 Earnings

Polaris Renewable Energy Inc. (TSE:PIF) – Equities researchers at Cormark cut their FY2026 earnings estimates for shares of Polaris Renewable Energy in a research note issued to investors on Friday, February 21st. Cormark analyst N. Boychuk now anticipates that the company will post earnings of $1.02 per share for the year, down from their previous estimate of $1.08. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share.

Several other brokerages have also commented on PIF. Raymond James upgraded shares of Polaris Renewable Energy to a “strong-buy” rating in a research report on Friday. National Bankshares cut their price target on Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th.

Polaris Renewable Energy Price Performance

Shares of TSE PIF opened at C$11.85 on Monday. The firm has a market capitalization of C$176.11 million, a P/E ratio of 24.55, a PEG ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$13.85. The company’s fifty day moving average is C$12.93 and its two-hundred day moving average is C$12.59. The company has a debt-to-equity ratio of 57.48, a quick ratio of 1.64 and a current ratio of 1.82.

Polaris Renewable Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Friday, February 14th. Polaris Renewable Energy’s dividend payout ratio (DPR) is presently 169.88%.

Insider Transactions at Polaris Renewable Energy

In related news, Director Marc Murnaghan sold 2,301 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of C$12.52, for a total value of C$28,808.52. Corporate insiders own 2.94% of the company’s stock.

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.