Polaris Renewable Energy (TSE:PIF) PT Lowered to C$19.00 at Raymond James

Polaris Renewable Energy (TSE:PIF) had its price target reduced by investment analysts at Raymond James from C$21.50 to C$19.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ price target indicates a potential upside of 64.22% from the stock’s previous close. Raymond James also issued estimates for Polaris Renewable Energy’s Q2 2024 earnings at $0.11 EPS, Q3 2024 earnings at $0.15 EPS, Q4 2024 earnings at $0.19 EPS, FY2024 earnings at $0.56 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.64 EPS.

Polaris Renewable Energy Trading Up 0.6 %

Shares of PIF opened at C$11.57 on Thursday. The company has a quick ratio of 1.64, a current ratio of 1.72 and a debt-to-equity ratio of 64.88. Polaris Renewable Energy has a 12-month low of C$11.08 and a 12-month high of C$15.77. The firm has a market capitalization of C$243.90 million, a PE ratio of 15.22, a price-to-earnings-growth ratio of 3.28 and a beta of 0.89. The stock’s fifty day simple moving average is C$11.67 and its 200-day simple moving average is C$12.61.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.03). Polaris Renewable Energy had a net margin of 14.96% and a return on equity of 4.37%. The firm had revenue of C$25.53 million for the quarter, compared to analyst estimates of C$27.11 million. As a group, research analysts predict that Polaris Renewable Energy will post 0.5694106 earnings per share for the current year.

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.