PL.TO - Pinnacle Renewable Energy Inc.

Toronto - Toronto Delayed Price. Currency in CAD
10.31
-0.20 (-1.90%)
At close: 4:00PM EST
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Previous Close10.51
Open10.53
Bid10.34 x 0
Ask10.39 x 0
Day's Range10.23 - 10.53
52 Week Range5.98 - 12.95
Volume56,629
Avg. Volume50,911
Market Cap342.921M
Beta (5Y Monthly)N/A
PE Ratio (TTM)174.75
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.60 (5.70%)
Ex-Dividend DateNov. 20, 2019
1y Target EstN/A
All
News
Press Releases
  • Pinnacle Renewable Energy Announces New Ship Charter for Trans-Pacific Transport of Industrial Wood Pellets
    CNW Group

    Pinnacle Renewable Energy Announces New Ship Charter for Trans-Pacific Transport of Industrial Wood Pellets

    VANCOUVER, Jan. 16, 2020 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX:PL.TO - News) is pleased to announce the attendance of Company representatives at the Christening and Launching Ceremony of S1130, a Handy class vessel of almost 40,000 DWT. Pinnacle will be chartering this vessel from NYK Bulk & Projects Carriers, a leading Japanese ocean carrier, on a long term charter to carry the Company's sustainable industrial wood pellets from Canada to Japan. The ceremony was held at the Shikoku Dockyard in Takamatsu City, Japan.

  • CNW Group

    Pinnacle Renewable Energy Announces Planned Construction of New Industrial Wood Pellet Facility in the U.S. Southeast

    VANCOUVER , Dec. 19, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (PL.TO) today announced the planned construction of a new industrial wood pellet production facility in the southeast United States in close proximity to Pinnacle's Aliceville, Alabama facility (the "Aliceville Facility"). The new facility (the "Demopolis Facility") will be located adjacent to an existing large sawmill in Demopolis, Alabama .

  • CNW Group

    Pinnacle Renewable Energy Announces Three-Year Fibre Supply Agreement for its Williams Lake Facility in B.C.

    VANCOUVER, Dec. 16, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX:PL.TO - News) is pleased to announce it has entered into a three-year fibre supply agreement (the "Agreement") with Alkali Resource Management Ltd. ("ARM") whereby ARM will process, store and deliver biomass from harvest residuals to Pinnacle for use at its Williams Lake facility in British Columbia. ARM is the forest management company wholly-owned by the Esk'etemc Nation, whose traditional territory is south of Williams Lake. Pinnacle and the Esk'etemc Nation have been collaborating to improve fibre utilization and to support economic development within Esk'etemc managed forests.

  • CNW Group

    Pinnacle Renewable Energy Reports Fiscal 2019 Third Quarter Results

    /NOT FOR DISTRIBUTION IN THE UNITED STATES / VANCOUVER , Nov. 12, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX: PL) today announced its financial results ...

  • CNW Group

    Pinnacle Renewable Energy Appoints Rex McLennan to its Board of Directors

    VANCOUVER, Nov. 12, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX:PL.TO - News) is pleased to announce the appointment of Rex McLennan to serve on the Company's Board of Directors, effective November 12, 2019. Mr. McLennan is a seasoned independent corporate director and former C-level executive whose career includes over 30 years of leadership experience as a financial executive in large, complex, multinational resource-based companies. Mr. McLennan has held numerous senior level positions with both public and private companies during his career, including Imperial Oil Limited, Placer Dome Inc., Vancouver 2010 Olympic Organizing Committee, and Viterra Inc.

  • Pinnacle Renewable Energy Announces New Off-take Contract in Japan
    CNW Group

    Pinnacle Renewable Energy Announces New Off-take Contract in Japan

    VANCOUVER, Oct. 17, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX:PL.TO - News) today announced that it has entered into a new long-term, take-or-pay off-take contract with Mitsui & Co. Ltd. ("Mitsui"), a large, diversified trading company in Japan. Under the terms of the contract, Pinnacle will supply 100,000 metric tons per annum of industrial wood pellets to Mitsui beginning in Q3 2023. The industrial wood pellets will be used by a biomass power generation plant in Japan.

  • CNW Group

    Pinnacle Renewable Energy Announces Fiscal 2019 Third Quarter Conference Call / Webcast

    /NOT FOR DISTRIBUTION IN THE UNITED STATES / VANCOUVER , Oct. 16, 2019 /CNW/ -   Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX: PL) will release its Fiscal 2019 third ...

  • CNW Group

    Pinnacle Renewable Energy Announces Expected Guidance Shortfall for Fiscal 2019 Due to the Impact of B.C. Sawmill Curtailments

    VANCOUVER, Sept. 30, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX:PL.TO - News) today announced that it expects a shortfall in its guidance for adjusted earnings before interest, tax, depreciation, and amortization ("Adjusted EBITDA") for Fiscal 2019. The expected guidance shortfall is driven by the ongoing sawmill curtailments in B.C., which has caused higher fibre and cash conversion costs, including maintenance and repair costs, at Pinnacle's B.C. facilities due to a decreased and intermittent supply of sawmill residuals and a higher supply of more expensive harvest residuals being processed at the facilities. While the Company has made progress in actively managing the availability and impact of replacement fibre for sawmill residuals in response to sawmill curtailments and expects to make further progress in the fourth quarter of 2019, the higher cost of harvest residuals and related operating costs have continued to impact operating results into the third quarter of 2019.

  • CNW Group

    Pinnacle Renewable Energy Reports Fiscal 2019 Second Quarter Results

    - NOT FOR DISTRIBUTION IN THE UNITED STATES – VANCOUVER , Aug. 12, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX: PL) today announced its financial results ...

  • CNW Group

    Pinnacle Renewable Energy Announces Fiscal 2019 Second Quarter Conference Call / Webcast

    /NOT FOR DISTRIBUTION IN THE UNITED STATES / VANCOUVER , July 18, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX: PL) will release its Fiscal 2019 second ...

  • CNW Group

    Pinnacle Renewable Energy Inc. Announces New Off-take Contracts in Japan and South Korea

    VANCOUVER, July 15, 2019 /CNW/ - Pinnacle Renewable Energy Inc. ("Pinnacle" or the "Company") (TSX:PL.TO - News) today announced that it has entered into two new long-term, take-or-pay off-take contracts with customers in Japan and South Korea, both being accelerated growth markets for Pinnacle. The contract in Japan is an extension of an existing contract with Mitsubishi Corporation ("Mitsubishi"), a global integrated business enterprise in Japan.

  • CNW Group

    Pinnacle Renewable Energy Announces Partnership with Tolko Industries to Develop New Production Facility in Northern Alberta

    VANCOUVER, July 4, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX:PL.TO - News) today announced that it has entered into a limited partnership agreement (the "Partnership") with Tolko Industries Ltd. ("Tolko") to build Northern Pellet Limited Partnership (the "Facility"), a new industrial wood pellet production facility in High Level, Alberta. The Facility further diversifies the Company's fibre supply using high-quality wood fibre sourced primarily from Tolko's existing sawmill in High Level.

  • CNW Group

    Pinnacle Renewable Energy Inc. Announces Transition of Chief Operating Officer, Leroy Reitsma to Lead U.S. Development Projects

    VANCOUVER, June 20, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX:PL.TO - News) announced today that effective July 2, 2019, the Company's President and Chief Operating Officer, Leroy Reitsma, will be transitioning from his current role to focus solely on Pinnacle's U.S. development projects, while continuing to actively support the Pinnacle team during the transition. Mr. Reitsma joined Pinnacle in 2007 and was appointed President and Chief Operating Officer in 2011. Mr. Reitsma will transition from the role of Chief Operating Officer to allow for more time with family.

  • CNW Group

    Pinnacle Renewable Energy Inc. Announces Expanded Credit Facility

    VANCOUVER, June 14, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX:PL.TO - News) announced today that it has expanded its credit facility ("Credit Facility") to $530 million, comprised of a $65 million revolving credit facility, a $280 million term facility ("Term Facility"), and a $185 million delay draw term facility ("Delay Draw Facility"). The expanded Credit Facility increases the total amount of committed capital available to Pinnacle from its banking syndicate by $150 million, and provides the Company with further flexibility as it continues to pursue its growth strategy.

  • CNW Group

    Pinnacle Renewable Energy Inc. Announces Voting Results from 2019 Annual General Meeting of Shareholders

    VANCOUVER , May 21, 2019 /CNW/ - Pinnacle Renewable Energy Inc. (" Pinnacle " or the " Company ") (TSX: PL) announced today that each of the nominee directors listed in the management ...

  • CNW Group

    Pinnacle Renewable Energy Reports Fiscal 2019 First Quarter Results and Provides 2019 Adjusted EBITDA Guidance

    - NOT FOR DISTRIBUTION IN THE UNITED STATES – VANCOUVER , May 8, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX: PL) today announced its financial results ...

  • CNW Group

    Pinnacle Renewable Energy Announces Time Change for its Fiscal 2019 First Quarter Results Release and Conference Call / Webcast

    VANCOUVER , April 24, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX: PL) announced today that it has changed the release time of its Fiscal 2019 first quarter ...

  • CNW Group

    Pinnacle Renewable Energy Announces Fiscal 2019 First Quarter Conference Call / Webcast

    VANCOUVER , April 22, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX: PL) will release its Fiscal 2019 first quarter financial results after market close ...

  • CNW Group

    Pinnacle Renewable Energy Resumes Production at Entwistle Facility and Announces New Off-Take Contract in Japan

    VANCOUVER, March 31, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX:PL.TO - News) announced that it has resumed production of wood pellets at its facility in Entwistle, Alberta (the "Entwistle Facility") using dry fibre on Friday, March 29, 2019. Pinnacle continues to work with Alberta Labour Occupational Health & Safety, fire authorities, insurance adjusters, equipment suppliers, and third-party experts as part of the ongoing investigation of the February 11, 2019 fire in the dryer area of the Entwistle Facility. Pinnacle is working with its insurance provider to assess the amount of recoveries that it is entitled to as a result of the fire event.

  • CNW Group

    Pinnacle Renewable Energy Reports Fiscal 2018 Fourth Quarter and Year-End Results and Announces New Off-take Contracts in Japan and South Korea

     /NOT FOR DISTRIBUTION IN THE UNITED STATES / VANCOUVER , Feb. 21, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX: PL) today announced its financial results ...

  • CNW Group

    Pinnacle Renewable Energy Announces Temporary Suspension of Operations at its Entwistle Facility

    VANCOUVER , Feb. 11, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX: PL) announced today that operations at its wood pellet production facility in Entwistle, ...

  • CNW Group

    Pinnacle Renewable Energy Announces Time Change for its Fiscal 2018 Fourth Quarter and Year-End Results Conference Call / Webcast

    VANCOUVER , Feb. 4, 2019 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX: PL) announced today that it has changed the time of its fiscal 2018 fourth quarter and ...