Alex Ruus Polaris Renewables PIF-T PAST TOP PICK Feb 13, 2023

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.

Geothermal in Nicaragua. Hydro in Peru. Solar projects. Invests in small projects that are too much trouble for the big guys. Big playing field, keeps adding to its portfolio. Continues to build free cash over time. Yield is 5.60%.

(Analysts’ price target is $26.83)

(A Top Pick Aug 31/23, Down 6%)

Company very cheap at current share price. Small company that institutions wont look at. Reliable revenues that translate into cash flow. Will continue to hold. Dividend very safe and reliable. New project pipeline very strong.