Polaris Renewable Energy Inc.

TSX:PIF Stock Report

Market Cap: CA$255.4m

Polaris Renewable Energy Management

Management criteria checks 4/4

Polaris Renewable Energy's CEO is Marc Murnaghan, appointed in May 2015, has a tenure of 10.17 years. total yearly compensation is $625.89K, comprised of 61.2% salary and 38.8% bonuses, including company stock and options. directly owns 2.43% of the company’s shares, worth CA$6.21M. The average tenure of the management team and the board of directors is 4.8 years and 8.1 years respectively.

Key information

Marc Murnaghan

Chief executive officer

US$625.9k

Total compensation

CEO salary percentage61.25%
CEO tenure10.2yrs
CEO ownership2.4%
Management average tenure4.8yrs
Board average tenure8.1yrs

Recent management updates

Recent updates

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PR Battery And Punta Lima Wind Farm Will Energize Future

Strategic acquisitions and projects, like the ASAP Battery Program and Punta Lima wind farm, are expected to significantly increase revenue and earnings.

Polaris Renewable Energy's (TSE:PIF) Anemic Earnings Might Be Worse Than You Think

Nov 07
Polaris Renewable Energy's (TSE:PIF) Anemic Earnings Might Be Worse Than You Think

Is Polaris Renewable Energy Inc. (TSE:PIF) Trading At A 23% Discount?

May 30
Is Polaris Renewable Energy Inc. (TSE:PIF) Trading At A 23% Discount?

At CA$13.77, Is It Time To Put Polaris Renewable Energy Inc. (TSE:PIF) On Your Watch List?

Sep 28
At CA$13.77, Is It Time To Put Polaris Renewable Energy Inc. (TSE:PIF) On Your Watch List?

Polaris Renewable Energy (TSE:PIF) Has A Somewhat Strained Balance Sheet

May 10
Polaris Renewable Energy (TSE:PIF) Has A Somewhat Strained Balance Sheet

Here's Why Polaris Renewable Energy (TSE:PIF) Has A Meaningful Debt Burden

Jul 20
Here's Why Polaris Renewable Energy (TSE:PIF) Has A Meaningful Debt Burden

Polaris Infrastructure's (TSE:PIF) Returns On Capital Not Reflecting Well On The Business

Apr 22
Polaris Infrastructure's (TSE:PIF) Returns On Capital Not Reflecting Well On The Business

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Polaris Infrastructure Inc.'s (TSE:PIF) CEO For Now

Jun 20
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Polaris Infrastructure Inc.'s (TSE:PIF) CEO For Now

Is Polaris Infrastructure (TSE:PIF) A Risky Investment?

May 27
Is Polaris Infrastructure (TSE:PIF) A Risky Investment?

Is There Now An Opportunity In Polaris Infrastructure Inc. (TSE:PIF)?

Mar 29
Is There Now An Opportunity In Polaris Infrastructure Inc. (TSE:PIF)?

Shareholders Of Polaris Infrastructure (TSE:PIF) Must Be Happy With Their 292% Total Return

Mar 03
Shareholders Of Polaris Infrastructure (TSE:PIF) Must Be Happy With Their 292% Total Return

Here's Why I Think Polaris Infrastructure (TSE:PIF) Might Deserve Your Attention Today

Feb 10
Here's Why I Think Polaris Infrastructure (TSE:PIF) Might Deserve Your Attention Today

CEO Compensation Analysis

How has Marc Murnaghan's remuneration changed compared to Polaris Renewable Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

-US$12m

Dec 31 2024US$626kUS$383k

US$3m

Sep 30 2024n/an/a

US$7m

Jun 30 2024n/an/a

US$8m

Mar 31 2024n/an/a

US$11m

Dec 31 2023US$684kUS$397k

US$12m

Sep 30 2023n/an/a

US$13m

Jun 30 2023n/an/a

US$11m

Mar 31 2023n/an/a

US$5m

Dec 31 2022US$656kUS$404k

US$2m

Sep 30 2022n/an/a

-US$1m

Jun 30 2022n/an/a

US$2m

Mar 31 2022n/an/a

US$4m

Dec 31 2021US$563kUS$394k

US$501k

Sep 30 2021n/an/a

US$26m

Jun 30 2021n/an/a

US$25m

Mar 31 2021n/an/a

US$24m

Dec 31 2020US$480kUS$314k

US$29m

Sep 30 2020n/an/a

US$20m

Jun 30 2020n/an/a

US$21m

Mar 31 2020n/an/a

US$15m

Dec 31 2019US$445kUS$273k

US$14m

Sep 30 2019n/an/a

US$8m

Jun 30 2019n/an/a

US$9m

Mar 31 2019n/an/a

US$20m

Dec 31 2018US$364kUS$166k

US$17m

Compensation vs Market: Marc's total compensation ($USD625.89K) is about average for companies of similar size in the Canadian market ($USD758.95K).

Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.

CEO

Marc Murnaghan (53 yo)

10.2yrs
Tenure
US$625,889
Compensation

Mr. Marc Murnaghan has been the Chief Executive Officer of Polaris Renewable Energy Inc. (formerly known as Polaris Infrastructure Inc.) since May 13, 2015. Mr. Murnaghan was a Partner of Harrington Global...

Leadership Team

NamePositionTenureCompensationOwnership
Marc Murnaghan
CEO & Director10.2yrsUS$625.89k2.43%
CA$ 6.2m
Anthony Jelic
Chief Financial Officer6.6yrsUS$300.79k0.013%
CA$ 32.2k
Alexis Osorno
Senior Vice President of Latin Americano dataUS$220.59kno data
Alba Seisdedos
Vice President of Taxation & Legal Affairs1.5yrsno datano data
Denise Parada
Vice President of Corporate Communicationsless than a yearno datano data
Guzman Fernandez
Vice President of Corporate Development6.3yrsno datano data
Michael Kosianic
Executive Vice President of Project Finance4.8yrsno datano data
Carlos Perez
Regional Financial Controllerless than a yearno datano data
4.8yrs
Average Tenure

Experienced Management: PIF's management team is considered experienced (4.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Marc Murnaghan
CEO & Director10.2yrsUS$625.89k2.43%
CA$ 6.2m
Jaime Guillen
Independent Chairman of the Board10.2yrsUS$76.42k0.052%
CA$ 132.3k
James Lawless
Independent Director14.3yrsUS$49.41k0.023%
CA$ 59.7k
Marcela de Vasquez
Independent Director6.1yrsUS$56.19kno data
Adarsh Mehta
Independent Director2.1yrsUS$45.00k0.69%
CA$ 1.8m
Catherine Fagnan
Independent Director2.1yrsUS$46.63kno data
8.1yrs
Average Tenure
57.5yo
Average Age

Experienced Board: PIF's board of directors are considered experienced (8.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/08 12:39
End of Day Share Price 2025/07/08 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Polaris Renewable Energy Inc. is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kirk WilsonBeacon Securities Limited
David GalisonCanaccord Genuity
Stephen KammermayerClarus Securities Inc.