Opinions
The Panic-Proof Portfolio (Stockchase Research)
Polaris Infrastructure
PIF-T
TOP PICK
Apr 28, 2022
Stockchase Research Editor: Michael O'Reilly We again reiterate PIF, a Canadian $366 million market cap infrastructure developer of renewable energy projects in Latin America, as a TOP PICK. It stumbled after last earnings report showed an unexpected loss to the company, but pandemic delays can easily account for that. The company announced it is considering expansion of the hydro project in Ecuador and is moving forward with a solar project in Panama, which will be funded entirely with cash on hand. We recommend trailing up the stop from $15.50 to $16.00, looking to achieve $30 -- upside potential over 55%. Yield 3.2% (Analysts’ price target is $30.00)
$19.050
Stock price when the opinion was issued
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TOP PICK
Largest section of business is Geothermal, but also has hydro-electric and solar.
Investments in 5 separate areas in Central America.
Market has ignored company despite the fact that it pays ~3.6 yield.
Trades at 50% of valuation of comparable energy producers.
Good management team that has continued to build the company.
Increasing cash flow and is a potential takeover target.
Energy