Raymond James Lowers FY2026 Earnings Forecast for Polaris Renewable Energy but Maintains Moderate Buy Rating

Raymond James Financial has revised downward its forecast for Polaris Renewable Energy's earnings in fiscal year 2026, reducing the expected earnings per share from $0.74 to $0.64. Despite this adjustment, the firm maintains a "Moderate Buy" rating on the company. Recently, Polaris Renewable Energy announced a quarterly dividend of $0.15 per share, yielding approximately 4.8%, although its payout ratio remains high at nearly 170%. Insider confidence is reflected in director Marc Murnaghan's purchase of 7,500 shares at an average price of C$11.98. The company's stock opened at C$12.45, with key technical indicators including a 50-day moving average of C$12.06 and a 200-day average of C$12.04. Polaris Renewable Energy operates geothermal and hydroelectric projects, notably the 72 MW San Jacinto geothermal plant in Nicaragua. While the stock's current valuation suggests moderate growth potential, analysts recommend monitoring future earnings reports and dividend performances for investment decisions.