Raymond James Lowers Polaris Renewable Energy (TSE:PIF) Price Target to C$19.00

Polaris Renewable Energy (TSE:PIF) had its target price reduced by Raymond James from C$21.50 to C$19.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ price target suggests 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 Stock Up 0.6 %

Shares of TSE:PIF opened at C$11.57 on Thursday. The firm’s 50 day moving average price is C$11.67 and its 200 day moving average price is C$12.61. The stock has a market cap of C$243.90 million, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 3.28 and a beta of 0.89. Polaris Renewable Energy has a fifty-two week low of C$11.08 and a fifty-two week high of C$15.77. 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 (TSE:PIF) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.03). Polaris Renewable Energy had a return on equity of 4.37% and a net margin of 14.96%. The company had revenue of C$25.53 million for the quarter, compared to analyst estimates of C$27.11 million. As a group, equities research analysts predict that Polaris Renewable Energy will post 0.5694106 earnings per share for the current fiscal 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.