Polaris swings to Q3 loss, but revenue gets boost from new wind farm

Polaris Renewable Energy

30/10/2025 11:58

Overview

Polaris Q3 energy production rises 7% yr/yr, driven by wind farm acquisition

Company Q3 revenue increases to $19 mln from $17.7 mln in 2024

Polaris reports Q3 net loss of $328K, down from $451K profit in 2024

Outlook

Company expects BESS project in Puerto Rico to be operational by end of 2026

Polaris aims to maintain quarterly dividend payments

Result Drivers

WIND FARM ACQUISITION - Q3 energy production increased due to the acquisition of the Puerto Rican wind farm and stronger hydrological conditions in Peru

SYSTEM-WIDE CURTAILMENT - Canoa 1 facility's improved productivity was offset by system-wide curtailment, impacting generation by approximately 1,000 MWh

LOWER WIND RESOURCE - Punta Lima Wind Farm experienced lower wind resources than expected, affecting quarterly generation

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EBITDA
$12.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Polaris Renewable Energy Inc is C$22.00, about 36.1% above its October 29 closing price of C$14.05

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release: ID:nACSyc2RMa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)