Stock PIF POLARIS RENEWABLE ENERGY INC.
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Company Polaris Renewable Energy Inc.

Equities

PIF

CA73108L1013

Independent Power Producers

Market Closed - Toronto S.E.
Other stock markets
 03:59:58 2024-04-24 pm EDT 		5-day change 1st Jan Change
11.63 CAD -0.68% Intraday chart for Polaris Renewable Energy Inc. +0.52% -12.09%
Apr. 17 National Bank of Canada Maintains Polaris' Outperform Rating, $19 Price Target MT
Apr. 03 National Bank of Canada Says Valuations Of Renewable Power Developers 'Remain Depressed, Oversold' MT

Business Summary

Polaris Renewable Energy Inc. is a Canada-based company. The Company is engaged in the acquisition, development and operation of renewable energy projects in the Americas. The Company operates 72 megawatts (MW) geothermal facility in Nicaragua, three run-of-river hydroelectric facilities in Peru, with a combined capacity of approximately 33 MW, a 25 MW solar plant facility in the Dominican Republic, and a six MW run-on-river hydroelectric facility in Ecuador. It also owns two solar projects in Panama, with a total capacity of 10 MW AC. The Company, through its subsidiary, Emerald Solar Energy SRL, operates the Canoa I Solar Park (the Canoa I) located in the Barahona Province, Dominican Republic. Its San Jacinto-Tizate Geothermal plant is located in northwestern Nicaragua, in the sire of San Jacinto, municipality of Telica, 20 kilometers (km) from the city of Leon. The Company, through its subsidiary, Generacion Andina SAC, owns 8 de Agosto, a Run of River hydroelectric operation.

Number of employees: 235

Sales per Business

CAD in Million2022Weight2023Weight Delta
Geothermal Projects
70.7 %
64 79.1 % 75 70.7 % +17.81%
Hydroelectric Projects
18.0 %
12 14.9 % 19 18.0 % +59.00%
Solar Projects
11.3 %
5 5.9 % 12 11.3 % +151.53%

Sales per region

CAD in Million2022Weight2023Weight Delta
Nicaragua
70.7 %
64 79.1 % 75 70.7 % +17.81%
Peru
14.3 %
11 13.7 % 15 14.3 % +37.78%
Dominican Republic
9.3 %
5 5.9 % 10 9.3 % +105.40%
Ecuador
3.6 %
1 1.2 % 4 3.6 % +303.15%
Panama
2.1 %
0 0.0 % 2 2.1 % -

Managers

Managers TitleAgeSince
Marc Murnaghan CEO
 Chief Executive Officer 52 15-05-12
Anthony Jelic DFI
 Director of Finance/CFO - 18-12-09
Yumey Fernandez DFI
 Director of Finance/CFO - 23-08-31
Leonel Poveda COO
 Chief Operating Officer - 08-04-30
Alonzo Allen AUD
 Comptroller/Controller/Auditor - 03-02-28
Johnny Bendaña HRO
 Human Resources Officer - 09-06-30
Alba Seisdedos AUD
 Comptroller/Controller/Auditor - 21-10-31
Guzman Fernandez PRN
 Corporate Officer/Principal - 19-02-28

Members of the board

Members of the board TitleAgeSince
Jim Lawless BRD
 Director/Board Member 71 11-03-06
Jaime Guillen CHM
 Chairman 62 15-05-12
Marc Murnaghan CEO
 Chief Executive Officer 52 15-05-12
Marcela Paredes de Vásquez BRD
 Director/Board Member 62 19-06-18
Adarsh Mehta BRD
 Director/Board Member - 23-05-31
Catherine Fagnan BRD
 Director/Board Member - 23-06-22

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 21,075,474 20,414,842 ( 96.87 %) 0 96.87 %

Shareholders

NameEquities%Valuation
Marc Murnaghan
2.325 %
489,923 2.325 % 4 M $
Erste Asset Management GmbH
2.082 %
438,860 2.082 % 4 M $
Adarsh Mehta
0.5338 %
112,500 0.5338 % 974 250 $
ATB Investment Management, Inc.
0.5196 %
109,500 0.5196 % 948 270 $
Galileo Global Equity Advisors, Inc.
0.4152 %
87,500 0.4152 % 757 750 $
Arrow Capital Management, Inc.
0.3639 %
76,700 0.3639 % 664 222 $
Starlight Investments Capital LP
0.2347 %
49,466 0.2347 % 428 376 $
Dimensional Fund Advisors Ltd.
0.1716 %
36,160 0.1716 % 313 146 $
Maxam Capital Management Ltd.
0.1661 %
35,000 0.1661 % 303 100 $
Northwest & Ethical Investments LP
0.0840 %
17,700 0.0840 % 153 282 $

Company contact information

Polaris Renewable Energy, Inc.

7 Saint Thomas Street Suite 606

M5S 2B7, Toronto

+647 245 7199

http://www.polarisrei.com
address Polaris Renewable Energy Inc.(PIF)

Sector

Utilities
Utilities
Electrical Utilities & IPPs
Independent Power Producers
Renewable IPPs

Sales per Business

Sales per region

Ratings for Polaris Renewable Energy Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
8.475 USD
Average target price
15.64 USD
Spread / Average Target
+84.52%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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