CA - Polaris Renewable Energy: A High-Dividend Payer With Huge Upside Potential
2024-07-05 04:28:08 ET
Summary
- Polaris Renewable Energy operates renewable energy projects in Latin America, with a strong asset base and steady cash flows from fixed-price contracts.
- The company is set for future growth through organic investments and potential M&A, targeting $100 million in EBITDA by 2028.
- At the current valuation of 6.0x EV/EBITDA, Polaris trades wide with peers in the renewable energy space.
- While there are risks, I believe that investors are being more than compensated and are getting paid a 6.2% yield to wait.
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Polaris Renewable Energy: A High-Dividend Payer With Huge Upside Potential