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Polaris Renewable Energy Inc T.PIF

Alternate Symbol(s):  RAMPF

Polaris Renewable Energy Inc. is a Canada-based company. The Company is engaged in the acquisition, development and operation of renewable energy projects in the Americas. The Company operates 72 megawatts (MW) geothermal facility in Nicaragua, three run-of-river hydroelectric facilities in Peru, with a combined capacity of approximately 33 MW, a 25 MW solar plant facility in the Dominican Republic, and a six MW run-on-river hydroelectric facility in Ecuador. It also owns two solar projects in Panama, with a total capacity of 10 MW AC. The Company, through its subsidiary, Emerald Solar Energy SRL, operates the Canoa I Solar Park (the Canoa I) located in the Barahona Province, Dominican Republic. Its San Jacinto-Tizate Geothermal plant is located in northwestern Nicaragua, in the sire of San Jacinto, municipality of Telica, 20 kilometers (km) from the city of Leon. The Company, through its subsidiary, Generacion Andina SAC, owns 8 de Agosto, a Run of River hydroelectric operation.


TSX:PIF - Post by User

Post by 93Darkhorse93on Aug 08, 2017 6:17pm
162 Views
Post# 26558556

What a Quarter! – So Cheap Given EBITDA GROWTH!!!

What a Quarter! – So Cheap Given EBITDA GROWTH!!!

The EBITDA growth here is massive, throw on top of that the Mw growth they will be seeing in the second half of the year given their preannounced drill program and this name is so cheap.


If you just annualize the 14MUSD EBITDA number they put up in Q2 that gets you to 56MUSD annualized or 73M in CAD dollars. With a market cap of 260M you are only looking at an EBITDA multiple of only 3.5x for a utility! This is RIDCIULOUS!!!


Putting a realistic 8x EBITDA multiple on the business and you get a 37.00/share price or over 115% upside.  Perfect candidate for valuation re-rating.


Div Increase doesn’t hurt!


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