Today, an analyst has provided a rating update for Polaris Infrastructure (PIF). The company received a Buy rating from Raymond James’ analyst David Quezada, with a C$25 price target.
According to TipRanks.com, Quezada is ranked #678 out of 5164 analysts.
Polaris Infrastructure has an analyst consensus of Moderate Buy, with a price target consensus of C$25.
Based on Polaris Infrastructure’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$4.49 million. In comparison, last year the company had a net profit of C$647.2K.
Polaris Infrastructure, Inc. engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It has interest in 72 MW geothermal project located in Nicaragua, a 5 MW run-of-river hydroelectric facility in Peru, and is completing the construction of two hydroelectric projects in Peru with commercial operation.
The company’s shares closed on Monday at C$13.35.
