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TSE:PIF
This summary was created by AI, based on 1 opinions in the last 12 months.
Polaris Renewables, represented by the symbol PIF-T, has a major asset located in Nicaragua, which is often perceived to carry political risk. The stock experiences low trading volumes, leading to significant price fluctuations when institutions buy or sell. As the company looks to diversify its asset base geographically, there is potential for price appreciation; however, the timeline for such growth remains uncertain. Investors must be prepared to hold onto the stock primarily for its dividend yield, which is approximately 6.4%. While some experts have previously held the stock for its dividend benefits, one has decided to sell, indicating a level of caution among current and potential investors.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The balance sheet is good and earnings should grow nicely this year. Insiders have been buying and the dividend has shown some growth. Small cap income with some growth potential. Unlock Premium - Try 5i Free
They make geothermal renewable energy primarily in Nicaragua with other projects in Peru, Panama and elsewhere. There is political risk in some territories; governments can renege on payments, though he hopes Latin America won't do this. He already owns Boralex and other renewables, so he knows this industry. Beware of the risks if you buy. It's priced accordingly and trading at a much-lower multiple than its peers. So, there is good upside. Trading at 5-6x EBITDA.