Polaris Renewable 2025 revenue rises 6.2% on Punta Lima Wind Farm acquisition

Overview

• Canada renewable energy firm's 2025 revenue grew 6.2% yr/yr, driven by Punta Lima acquisition

• Company reported net loss of $2.7 mln for 2025, contrasting with prior yr profit

• Company settled credit facilities as part of debt optimization strategy

Outlook

• Company expects BESS project construction to take approximately 12 months post-approval

• Polaris remains constructive on BESS project progress despite pending regulatory approvals

• Company maintains focus on quarterly dividend payments to shareholders

Result Drivers

• PUNTA LIMA CONTRIBUTION - Revenue increase attributed to acquisition of Punta Lima Wind Farm in March 2025

• FAVORABLE CONDITIONS - Higher production in Peru and Ecuador due to favorable hydrology and strong plant availability

• PRODUCTION CHALLENGES - Lower production in Nicaragua and Dominican Republic due to geothermal output decline and curtailment

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the independent power producers peer group is "buy"

• Wall Street's median 12-month price target for Polaris Renewable Energy Inc is C$21.00, about 71.4% above its February 18 closing price of C$12.25

• The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release: ID:nACS2MqNBa

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