Polaris Renewable Energy Inc. engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America and the Caribbean. It is involved in the operation of an 82 megawatt (MW) capacity geothermal facility in Nicaragua; 3 run-of-river hydroelectric facilities with a combined capacity of approximately 33 MW in Peru; 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. The company was formerly known as Polaris Infrastructure Inc. and changed its name to Polaris Renewable Energy Inc. in July 2022. Polaris Renewable Energy Inc. was incorporated in 1984 and is headquartered in Toronto, Canada.
Research context
Polaris Infrastructure Inc appears in PyInvesting’s Toronto Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- CAD
- Sector
- Utilities
- Industry
- Utilities - Renewable
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5 years, 6 months ago
Polaris Infrastructure Inc is currently in a long term uptrend where the price is trading 9.7% above its 200 day moving average.
From a valuation standpoint, the stock is 33.2% more expensive than other stocks from the Utilities sector with a price to sales ratio of 3.8.
Polaris Infrastructure Inc's total revenue rose by 3.8% to $18M since the same quarter in the previous year.
Its net income has increased by 56.6% to $24M since the same quarter in the previous year.
Finally, its free cash flow grew by 215.0% to $10M since the same quarter in the previous year.
Based on the above factors, Polaris Infrastructure Inc gets an overall score of 4/5.