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Polaris Renewable Energy Inc T.PIF

Alternate Symbol(s):  RAMPF

Polaris Renewable Energy Inc. is engaged in the acquisition, development and operation of renewable energy projects in Latin America. It operates 82 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 Dominican Republic, a six MW run-of-river hydroelectric facility in Ecuador and a 10 MW solar plant in Panama. Through its subsidiary, Emerald Solar Energy SRL, it operates the Canoa I Solar Park 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 from the city of Leon. Its Vista Hermosa Solar Parks are located in the village of Vista Hermosa, Corregimiento de Pueblos Unidos, Aguadulce district, Cocle Province. Through its subsidiary Generacion Andina SAC, it owns 8 de Agosto, a Run of River hydroelectric operation.


TSX:PIF - Post by User

Post by Gardner555on May 09, 2017 6:48pm
225 Views
Post# 26223378

2017 1st Q results are out, CC Thursday, 10am EDT, Thoughts?

2017 1st Q results are out, CC Thursday, 10am EDT, Thoughts?https://polarisinfrastructure.com/investors/

First Q results are out..
Div is .12, same as last Q.
Started drilling an injection well, April 29 and will do an production well soon.

Decent with the shut down and improvements. Thought might raise div to .13, but not this time.  I am seeing around 65MW on Nic site for most of April, so result going forward will be better and as expected. Guess with new wells will be looking for even more MW, getting closer to the 72MW max capacity in next year or so. then the Binary in 2018.  I am pretty happy with results and consistent plan with follow through.  Keep it up.. but hope stock price comes back to 10 US, as like to get some more.

The CC is at 7am PST.. not sure I will get up for that but the replay will be fun.

Gardner
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