Clarus Securities Lowers Q1 2026 Earnings Forecast for Polaris Renewable Energy

Clarus Securities Revises Q1 2026 Earnings Outlook for Polaris Renewable Energy Market analysts at Clarus Securities have updated their earnings forecast for Polaris Renewable Energy Inc. for the first quarter of 2026, reducing the expected earnings per share from $0.15 to $0.12. The full-year earnings projection remains at $0.65 per share. Insider activity has been observed, as director Marc Murnaghan purchased 7,500 shares at an average price of C$11.98, totaling C$89,850. The company announced a quarterly dividend of $0.15 per share, yielding approximately 4.8% annually, despite a high payout ratio of nearly 170%. Polaris Renewable Energy, traded on the Toronto Stock Exchange under the ticker PIF, saw research firm Cormark downgrade its rating from "strong buy" to "moderate buy," while National Bank Financial upgraded the stock to "strong buy." Raymond James Financial, however, revised its rating from "strong buy" to "moderate buy." The stock opened at C$12.45 and fluctuated between a 12-month low of C$10.70 and a high of C$13.66. The company's market capitalization stands at approximately C$185 million, with a P/E ratio of 25.79 and a beta of 0.97. Insider ownership accounts...