Q2 Earnings Estimate for TSE:PIF Issued By Clarus Securities

Polaris Renewable Energy Inc. (TSE:PIF) – Equities research analysts at Clarus Securities upped their Q2 2026 earnings per share estimates for Polaris Renewable Energy in a report issued on Wednesday, June 10th. Clarus Securities analyst S. Kammermayer now forecasts that the company will earn $0.24 per share for the quarter, up from their prior estimate of $0.05. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. Clarus Securities also issued estimates for Polaris Renewable Energy’s Q3 2026 earnings at $0.10 EPS and FY2026 earnings at $0.38 EPS.

Separately, Raymond James Financial reduced their price objective on shares of Polaris Renewable Energy from C$20.00 to C$18.25 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$19.63.

Polaris Renewable Energy Stock Performance

Shares of PIF stock opened at C$14.85 on Monday. The company has a debt-to-equity ratio of 91.92, a current ratio of 4.90 and a quick ratio of 1.64. The stock has a market cap of C$310.39 million, a PE ratio of 45.00, a price-to-earnings-growth ratio of 3.28 and a beta of 0.62. The stock has a 50-day moving average of C$12.95 and a 200-day moving average of C$12.40. Polaris Renewable Energy has a one year low of C$11.55 and a one year high of C$15.15.

Polaris Renewable Energy (TSE:PIF) last issued its earnings results on Thursday, May 7th. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$27.48 million for the quarter. Polaris Renewable Energy had a return on equity of 2.96% and a net margin of 9.00%.

Polaris Renewable Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 22nd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, May 14th. Polaris Renewable Energy’s dividend payout ratio (DPR) is presently 181.82%.

Insider Buying and Selling

In other Polaris Renewable Energy news, Director Marc Murnaghan bought 5,000 shares of Polaris Renewable Energy stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of C$12.90 per share, for a total transaction of C$64,500.00. Following the completion of the acquisition, the director owned 513,501 shares in the company, valued at approximately C$6,624,162.90. The trade was a 0.98% increase in their position. Over the last 90 days, insiders acquired 30,000 shares of company stock worth $378,800. Company insiders own 2.94% of the company’s stock.

About Polaris Renewable Energy

Polaris Renewable Energy Inc is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Company’s operations include a geothermal plant (82 MW), four run-of river hydroelectric plants (39 MW), three solar (photovoltaic) projects (35 MW) and an onshore wind farm (26 MW).