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PIF : Polaris Infrastructure Inc Stock Profile

Qayyum Rajan is a CFA Charterholder who has previously worked at CIBC, RBC Dominion Securities and Sentry Investments before creating his own fintech ventures.He has been a financial advisor, analyst and portfolio manager who is passionate about helping people reach their financial goals.Qayyum is the owner of Wealth Awesome where he writes financial content and creates tools for over 20,000 Canadian investors.

Expertises: finance, investment, stocks
 
Last Updated:
Polaris Infrastructure Inc trades with the ticker PIF on the TSX and is in the Utilities – Renewable industry.
Overview
Polaris Renewable Energy Inc. engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama. The company was formerly known as Polaris Infrastructure Inc. and changed its name to Polaris Renewable Energy Inc. in July 2022. Polaris Renewable Energy Inc. was incorporated in 1984 and is headquartered in Toronto, Canada.
 

PIF.TO Stock Price and Key Stats

PIF Stock Key Stats

Exchange: TSX

Market Cap : $268.12MM

PE Ratio: 25.44

Price: (Updated: )

Polaris Infrastructure Inc (PIF) vs Competitors in Utilities – Renewable

Lets see how PIF.TO stacks up against others in the Utilities – Renewable asset management industry. We have identified its main peers as:

Algonquin Power & Utilities Corp, Brookfield Renewable Partners L.P, Boralex Inc, Innergex Renewable Energy Inc, Northland Power Inc

.

Utilities – Renewable Industry Comparisons

CompanyMarket Cap ($MM)P/E RatioEV/EBITDADividend Yield
Algonquin Power & Utilities Corp (AQN)$5,744.75133.68214.6964.8%
Brookfield Renewable Partners L.P (BEP-UN)$23,585.532N/A9.345.4%
Boralex Inc (BLX)$3,592.69937.59111.1931.9%
Innergex Renewable Energy Inc (INE)$1,988.919N/A15.4063.7%
Northland Power Inc (NPI)$5,846.14794.5429.7725.2%
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses Industry: companies that have a lot in common Market Cap: Market Capitalization – the total value of all a corporation’s stock N/A: Not Applicable or Not Available P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share Price: Stock Price – current value to buyers and sellers Dividend Yield: Dividend or Distribution Yield 

Comparisons within Utilities – Renewable

  • Polaris Infrastructure Inc (PIF) vs Algonquin Power & Utilities Corp (AQN)
    • PIF has higher EPS (0.5 vs 0.22). PIF has higher dividend yield (6.4% vs 4.8%). AQN has a higher P/E ratio (33.682 vs 25.44) indicating it’s more expensive.
  • Polaris Infrastructure Inc (PIF) vs Brookfield Renewable Partners L.P (BEP-UN)
    • PIF has higher EPS (0.5 vs -0.86). PIF has higher dividend yield (6.4% vs 5.4%). BEP-UN has a P/E under 0, indicating PIF (P/E 25.44) is in a better position.
  • Polaris Infrastructure Inc (PIF) vs Boralex Inc (BLX)
    • BLX has higher EPS (0.93 vs 0.5). PIF has higher dividend yield (6.4% vs 1.9%). BLX has a higher P/E ratio (37.591 vs 25.44) indicating it’s more expensive.
  • Polaris Infrastructure Inc (PIF) vs Innergex Renewable Energy Inc (INE)
    • PIF has higher EPS (0.5 vs -0.65). PIF has higher dividend yield (6.4% vs 3.7%). INE has a P/E under 0, indicating PIF (P/E 25.44) is in a better position.
  • Polaris Infrastructure Inc (PIF) vs Northland Power Inc (NPI)
    • PIF has higher EPS (0.5 vs 0.24). PIF has higher dividend yield (6.4% vs 5.2%). NPI has a higher P/E ratio (94.542 vs 25.44) indicating it’s more expensive.
 
Our Recommendation: Hold
Shows positive EPS growth from this year to next, suggesting improving profitability. Features a lower EV/EBITDA ratio (5.92) than the industry average (20.55), indicating attractive valuation.
 

How to Buy PIF stock on the TSX

You can buy on pretty much any online brokerage in Canada, since it trades on the TSX.If you are looking for some easy options take a look at these two: 
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