Polaris Renewable Energy (TSE:PIF) Cut to “Moderate Buy” at Raymond James

Raymond James lowered shares of Polaris Renewable Energy (TSE:PIF) from a strong-buy rating to a moderate buy rating in a research note released on Thursday,Zacks.com reports. Raymond James also issued estimates for Polaris Renewable Energy’s Q1 2026 earnings at $0.11 EPS, Q2 2026 earnings at $0.22 EPS, Q3 2026 earnings at $0.15 EPS, Q4 2026 earnings at $0.26 EPS and FY2026 earnings at $0.74 EPS.

A number of other research firms have also recently issued reports on PIF. National Bankshares decreased their target price on Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Cormark lifted their price target on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a report on Thursday, January 30th.

Polaris Renewable Energy Trading Up 0.3 %

Shares of PIF stock opened at C$11.58 on Thursday. Polaris Renewable Energy has a fifty-two week low of C$10.70 and a fifty-two week high of C$13.85. The stock’s fifty day moving average price is C$11.78 and its two-hundred day moving average price is C$12.44. 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 company has a market cap of C$172.10 million, a PE ratio of 23.99, a P/E/G ratio of 3.28 and a beta of 0.97.

Polaris Renewable Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 28th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 5.18%. Polaris Renewable Energy’s dividend payout ratio is currently 169.88%.

Insiders Place Their Bets

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

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.