Opinions
Alex Ruus
Polaris Renewables
PIF-T
TOP PICK
Aug 31, 2023
$14.350
Stock price when the opinion was issued
Energy
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TOP PICK
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)
INDUSTRIAL PRODUCTS
PAST TOP PICK
(A Top Pick Apr 28/22, Down 2.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PIF has triggered its stop at $18.50. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 5%, when combined with the previous buy recommendations.
INDUSTRIAL PRODUCTS
PARTIAL BUY
Allan Tong’s Discover Picks Companies like Polaris trade at high PEs (102.44x), but that’s par for the course. Another caveat is that PIF is a small-cap of only $344 million, so it can be vulnerable to market mood swings—and we’ve had no shortage of that. PIF pays a steady dividend of 5%, which investors can collect as they wait. Given PIF’s caveats, consider this stock more a risky or partial buy. Read 3 Solid Infrastructure Stocks for our full analysis.
INDUSTRIAL PRODUCTS
TOP PICK
A growing producer in green electricity in Latin America. They do geothermal, river and solar energy. The green sector has been under pressure the past year, but these shares are super cheap. Pays a 6.65% dividend and trades at 13X PE. There's 70% upside. Great management, reinvesting their cash flow into a nice pipeline with occasional M&A.
(Analysts’ price target is $20.90)
INDUSTRIAL PRODUCTS
TRADE
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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)