Welcome to our dedicated page for Polaris Renewable Energy news (Ticker: RAMPF), a resource for investors and traders seeking the latest updates and insights on Polaris Renewable Energy stock.
Polaris Renewable Energy reports operating results, dividend actions, and project updates for a Canadian renewable power company focused on Latin America and the Caribbean. The company acquires, develops, and operates renewable energy assets, including a geothermal plant, run-of-river hydroelectric plants, solar photovoltaic projects, and a wind park.
Recurring news for RAMPF includes consolidated energy production, revenue from energy sales, quarterly and annual earnings releases, investor call notices, common-share dividend declarations, asset portfolio changes, and regulatory or commercial milestones tied to renewable energy development.
Polaris Renewable Energy (TSX:RAMPF) announced a new credit Facility including a US$3.5M working capital facility and a US$10.0M letter of credit with CIBC and Export Development Canada to enhance liquidity for growth in Latin America and the Caribbean.
Effective October 9, 2025, Anton Jelic moves from CFO to Chief Administrative Officer and Alba Seisdedos Ballesteros becomes Chief Financial Officer, adding financial reporting and corporate finance responsibilities. Polaris will report Q3 2025 results on October 30, 2025 at 10:00 am EST via conference call and webcast; replay available until November 13, 2025.
Polaris Renewable Energy (TSX:PIF) has received TSX approval to renew its Normal Course Issuer Bid (NCIB), allowing the company to repurchase up to 2,029,745 common shares (10% of public float) between August 25, 2025, and August 24, 2026. The board has initially limited repurchases to 176,125 shares.
Under the current NCIB ending August 22, 2025, Polaris has repurchased 85,400 shares at a weighted average price of $12.02 per share. The company has implemented an Automatic Share Purchase Plan (ASPP) with a designated broker to facilitate purchases during blackout periods, effective August 25, 2025.
Polaris Renewable Energy (TSX:PIF) announced the submission of the Battery Energy Storage System Standard Offer Agreement (SO1 Agreement) to the Puerto Rico Energy Bureau (PREB) through LUMA Energy ServCo. The agreement, part of Puerto Rico's Accelerated Storage Addition Program (ASAP), involves installing a 71.4 MW battery storage system at the Punta Lima site.
The project, expected to be operational by Q3 2026, includes potential expansion to 80 MW capacity. The 20-year agreement will generate revenue through monthly fixed and performance-based payments from PREPA. Final regulatory approval is anticipated within 30-90 days.
Polaris Renewable Energy (TSX:PIF) has announced a quarterly dividend of $0.15 per common share. The dividend will be paid on August 22nd, 2025 to shareholders of record as of August 11th, 2025.
The company confirmed this dividend qualifies as an "eligible dividend" for Canadian tax purposes. The board of directors expressed their commitment to maintaining quarterly dividend payments and indicated they will consider potential dividend increases in the future.
Polaris Renewable Energy (TSX:PIF) reported strong Q2 2025 financial results, with consolidated energy production reaching 215,797 MWh, a 15% increase from the previous year. The company generated $21.6 million in revenue and $15.4 million in Adjusted EBITDA, up from $18.7 million and $13.3 million respectively in Q2 2024.
Net earnings were $2,203 ($0.10 per share), compared to $985 ($0.05 per share) in Q2 2024. The company maintained strong liquidity with $90.7 million in cash position and declared a quarterly dividend of $0.15 per share, payable August 22, 2025.
Growth was primarily driven by the newly acquired Punta Lima Wind Farm and improved hydrological conditions in Peru, while operations in Nicaragua showed slightly lower production due to well behavior issues.
Polaris Renewable Energy (TSX:PIF) has scheduled its Q2 2025 Earnings Conference Call and Webcast for Thursday, July 31st, 2025, at 10:00 am EST. Investors can join via toll-free numbers: 888-506-0062 (North America) or 973-528-0011 (International) using entry code 108489.
A replay of the earnings call will be available two hours after completion until August 14, 2025. Replay access numbers: 1-877-481-4010 (Toronto) or 1-919-882-2331 (International) with passcode 51833.
[]Polaris Renewable Energy (TSX:PIF) has announced a quarterly dividend payment of US$0.15 per common share. The dividend will be paid on May 23rd, 2025 to shareholders of record as of May 12th, 2025. The company has designated this as an "eligible dividend" for Canadian tax purposes. The board of directors has expressed their commitment to maintaining quarterly dividend payments and will consider potential increases in the future.
- Acquisition of Punta Lima Wind Farm (26.0 MW) in Puerto Rico with a PPA until 2044 - Settlement of four outstanding credit facilities following December 2024 Green Bonds issuance - Net loss of $10.4 million (-$0.49 per share) due to one-time finance costs - Strong cash position of $91.6 million including restricted cash - Varied performance across regions with increased production in Dominican Republic and Ecuador
Polaris Renewable Energy (TSX:PIF) has scheduled its Q1 2025 Earnings Conference Call and Webcast for Thursday, May 1st, 2025, at 10:00 am EST. Investors can join via toll-free numbers: 888-506-0062 (North America) or 973-528-00-11 (International) using entry code 918859.
A digital recording will be available two hours after the call's completion. Replay access is available until May 15, 2025, through Toronto (1-877-481-4010) and International (1-919-882-2331) numbers, both using passcode 51832.