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Polaris Renewable Energy Inc. is a Canadian publicly traded company focused on acquiring, developing, and operating renewable energy projects in Latin America. The company's operations span five Latin American countries, including geothermal, hydroelectric, and solar projects. With a total capacity of around 82 MW in geothermal, 33 MW in hydroelectricity, and 35 MW in solar power, Polaris is a key player in the energy transition.
Recent financial and operational highlights show the company's commitment to sustainable energy production. Polaris remains resilient against economic uncertainties, emphasizing cost control and operational efficiency across its diverse range of projects. The company's future growth prospects are bolstered by its track record of successful project execution and strategic acquisitions in the region.
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Polaris Renewable Energy Inc. will be holding its Earnings Conference Call and Webcast to report its Q4 and annual 2023 Earnings Results on Thursday, February 22nd, 2024, at 10:00 am EST. The call will be available for replay two hours after its completion, and the digital recording will be accessible until March 07, 2024.
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Polaris Renewable Energy Inc. (TSX:PIF) has declared a quarterly dividend of US$0.15 per common share outstanding. The dividend will be paid on November 24th, 2023, to shareholders of record at the close of business on November 13th, 2023. The board of directors remains committed to paying a quarterly dividend and will evaluate further increases in the future.
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Polaris Renewable Energy Inc. reports Q3 2023 financial and operating results. Consolidated energy production increased by 33% to 178,753 MWh. Revenue increased by 30% to $18.8 million. Net earnings were $1.0 million compared to a net loss of $1.49 million in 2022. Adjusted EBITDA was $13.7 million. The Company generated $13.5 million in net cash flow from operating activities. The Company declared a quarterly dividend of $0.15 per share. Several optimization projects were concluded. The Company announced a normal course issuer bid. ESG initiatives were advanced.
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Polaris Renewable Energy Inc. acknowledges letter from Converium Capital Inc.
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Polaris Renewable Energy announced a normal course issuer bid (NCIB) accepted by TSX. They may purchase up to 2,048,273 common shares, representing 10% of the public float. The average daily trading volume is 29,942 shares. The NCIB provides flexibility to manage capital position and increase shareholder value. The company has $37.3 million cash on hand. No assurances on completion of purchases.
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Polaris Renewable Energy reports Q1 2023 financial and operating results. Consolidated energy production increased by 22%. Revenue increased to $20.1 million. Net earnings of $4.7 million. Adjusted EBITDA of $15.3 million. Net cash flow from operating activities of $10.1 million. Signed $10.0 million loan agreement with EDC. Completed construction of Vista Hermosa Solar Park in Panama.
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FAQ
What is the current stock price of POLARIS RENEWABLE ENERGY (RAMPF)?
The current stock price of POLARIS RENEWABLE ENERGY (RAMPF) is $8.7795 as of January 29, 2025.
What is the market cap of POLARIS RENEWABLE ENERGY (RAMPF)?
The market cap of POLARIS RENEWABLE ENERGY (RAMPF) is approximately 187.6M.
What is Polaris Renewable Energy Inc. focused on?
Polaris Renewable Energy Inc. is a Canadian publicly traded company engaged in acquiring, developing, and operating renewable energy projects in Latin America.
In how many Latin American countries does Polaris operate?
Polaris operates in 5 Latin American countries with a diverse portfolio of geothermal, hydroelectric, and solar projects.
What is the total capacity of Polaris' geothermal projects?
The total capacity of Polaris' geothermal projects is around 82 MW, contributing significantly to the company's energy production.
How does Polaris ensure operational resilience?
Polaris emphasizes cost control and operational efficiency to maintain resilience against economic uncertainties and deliver sustainable energy production.
What are Polaris' growth prospects based on?
Polaris' future growth prospects are bolstered by its successful project execution, strategic acquisitions, and commitment to sustainable energy production.
What sectors of renewable energy does Polaris focus on?
Polaris focuses on geothermal, hydroelectric, and solar (photovoltaic) projects, showcasing a diverse and impactful approach to renewable energy production.
How does Polaris contribute to the energy transition?
Polaris is a high-performing and financially sound contributor to the energy transition, playing a significant role in advancing sustainable energy solutions.
What recent achievements highlight Polaris' commitment to sustainability?
Recent financial and operational highlights underscore Polaris' commitment to sustainable energy production, demonstrating resilience and efficiency in the face of economic challenges.
How does Polaris ensure operational excellence?
Polaris ensures operational excellence through a focus on cost control, operational efficiency, and a track record of successful project execution, positioning the company for future growth and success.
What sets Polaris Renewable Energy apart in the renewable energy sector?
Polaris Renewable Energy stands out for its diverse portfolio of renewable energy projects, strong operational performance, and strategic acquisitions, making it a key player in the energy transition.
POLARIS RENEWABLE ENERGY