Analyst Price Target is $10.66
▲ +18.44% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Pinnacle Renewable Energy in the last 3 months. The average price target is $10.66, with a high forecast of $12.00 and a low forecast of $9.00. The average price target represents a 18.44% upside from the last price of $9.00.
Current Consensus is
The current consensus among 8 contributing investment analysts is to hold stock in Pinnacle Renewable Energy. This rating has held steady since August 2020, when it changed from a Buy consensus rating.
Pinnacle Renewable Energy Inc., together with its subsidiaries, manufactures, distributes, and sells industrial wood pellets for industrial electrical power generation and home heating consumption in North America, Asia, and Europe. The company produces renewable fuel in the form of industrial wood pellets for electricity generation, which are used by utilities and large-scale power generators to produce renewable and baseload power. It also owns and operates the Westview port facility at Prince Rupert for the storage, handling, and loading of third party wood pellets. The company was formerly known as Pinnacle Renewable Holdings Inc. and changed its name to Pinnacle Renewable Energy Inc. in December 2018. Pinnacle Renewable Energy Inc. was founded in 1989 and is headquartered in Richmond, Canada.