Cormark Has Pessimistic View of TSE:PIF FY2026 Earnings

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

A number of other analysts have also recently issued reports on the stock. Raymond James upgraded shares of Polaris Renewable Energy to a “strong-buy” rating in a research note on Friday. National Bankshares dropped their price objective on shares of 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 Stock Performance

TSE PIF opened at C$11.87 on Monday. The firm has a 50-day moving average of C$12.91 and a 200-day moving average of 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. The stock has a market cap of C$176.41 million, a PE ratio of 24.59, a P/E/G ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a 52-week low of C$11.08 and a 52-week high of C$13.85.

Insider Activity at Polaris Renewable Energy

In related news, Director Marc Murnaghan sold 2,301 shares of Polaris Renewable Energy stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of C$12.52, for a total transaction of C$28,808.52. 2.94% of the stock is currently owned by insiders.

Polaris Renewable Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 28th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Friday, February 14th. Polaris Renewable Energy’s dividend payout ratio (DPR) is presently 169.88%.

About Polaris Renewable Energy

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.