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The latest update is out from Polaris Infrastructure ( (TSE:PIF) ).
Polaris Renewable Energy reported a slight increase in energy production for the fourth quarter of 2024, despite an annual decline due to lower production from its geothermal facility in Nicaragua. The company also closed a significant $175 million green bond placement to refinance debt and invest in renewable assets. Notably, Polaris completed a solar panel optimization project in the Dominican Republic and signed an agreement for a wind farm project in Puerto Rico, indicating strategic efforts to enhance operational efficiency and expand its renewable energy portfolio.
More about Polaris Infrastructure
Polaris Renewable Energy Inc. operates in the renewable energy industry, focusing on energy production from sources such as geothermal, solar, and wind. The company is involved in the development, construction, and operation of renewable energy projects, with a market focus on sustainable and environmentally friendly power solutions.
YTD Price Performance: -5.34%
Average Trading Volume: 35,942
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$260.5M
Find detailed analytics on PIF stock on TipRanks’ Stock Analysis page.
