SolarBank (SUUN) Stock Price, News & Analysis

Company Overview

SolarBank Corporation operates as an independent renewable and clean energy project developer and asset operator in Canada and the United States. The company engages in the site origination, development, financing, engineering, procurement, construction, operation, maintenance, and asset management of solar photovoltaic power generation projects. It offers solar energy solutions in the areas of behind-the-meter solar power plants, electricity grid connected community solar gardens, and utility scale solar farms. The company was formerly known as Abundant Solar Energy Inc. and changed its name to SolarBank Corporation in October 2022. SolarBank Corporation was incorporated in 2013 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: $2.91 to $3.53
• 50-Day Range: $2.00 to $6.39
• 52-Week Range: $1.95 to $7.50
• Volume: 440,089 shs
• Average Volume: 87,426 shs
• Market Capitalization: $98.30 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $6.00
• Consensus Rating: Buy

SolarBank Stock Analysis - MarketRank™

SolarBank scored higher than 63% of companies evaluated by MarketBeat, and ranked 136th out of 265 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

SolarBank has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

SolarBank has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for SolarBank are expected to grow in the coming year, from ($0.04) to $0.10 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SolarBank is -13.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of SolarBank is -13.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

SolarBank has a P/B Ratio of 6.76. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.36% of the float of SolarBank has been sold short.

Short Interest Ratio / Days to Cover

SolarBank has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SolarBank has recently decreased by 23.99%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

SolarBank does not currently pay a dividend.

Dividend Growth

SolarBank does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.36% of the float of SolarBank has been sold short.

Short Interest Ratio / Days to Cover

SolarBank has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SolarBank has recently decreased by 23.99%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.60

News Sentiment

SolarBank has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.74 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 25 news articles for SolarBank this week, compared to 2 articles on an average week.

Search Interest

Only 9 people have searched for SUUN on MarketBeat in the last 30 days. This is a decrease of -61% compared to the previous 30 days.

MarketBeat Follows

Only 12 people have added SolarBank to their MarketBeat watchlist in the last 30 days. This is a decrease of -8% compared to the previous 30 days.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, SolarBank insiders have not sold or bought any company stock.

SUUN Stock Analysis - Frequently Asked Questions

How have SUUN shares performed this year?

SolarBank's stock was trading at $2.05 on January 1st, 2025. Since then, SUUN stock has increased by 48.3% and is now trading at $3.04.
View the best growth stocks for 2025 here.

How were SolarBank's earnings last quarter?

SolarBank Co. (NASDAQ:SUUN) posted its quarterly earnings results on Wednesday, February, 19th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.04. The business had revenue of $2.93 million for the quarter, compared to analysts' expectations of $16.44 million. SolarBank had a negative net margin of 10.64% and a negative trailing twelve-month return on equity of 15.19%.

Who are SolarBank's major shareholders?

Top institutional shareholders of SolarBank include Millennium Management LLC (0.18%).

How do I buy shares of SolarBank?

Shares of SUUN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of SolarBank own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SolarBank investors own include SoundHound AI (SOUN), Advanced Micro Devices (AMD), Meta Platforms (META), NVIDIA (NVDA), Applied Digital (APLD), Eli Lilly and Company (LLY) and Applied Materials (AMAT).

Company Calendar

• Last Earnings: 2/19/2025
• Today: 3/24/2025
• Next Earnings (Estimated): 5/12/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Energy
• Industry: Electric & other services combined
• Sub-Industry: Utilities
• Current Symbol: NASDAQ:SUUN
• Previous Symbol: NASDAQ:SUUN
• CIK: 2011053
• Web: solarbankcorp.com
• Phone: 416-494-9559
• Fax: N/A
• Employees: 15
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $6.00
• High Stock Price Target: $6.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +90.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.22)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-2,560,000.00
• Net Margins: -10.64%
• Pretax Margin: -2.42%
• Return on Equity: -15.19%
• Return on Assets: -6.41%

Debt

• Debt-to-Equity Ratio: 0.92
• Current Ratio: 0.91
• Quick Ratio: 0.68

Sales & Book Value

• Annual Sales: $52.15 million
• Price / Sales: 1.96
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.45 per share
• Price / Book: 7.01

Miscellaneous

• Outstanding Shares: 32,337,000
• Free Float: N/A
• Market Cap: $102.02 million
• Optionable: N/A
• Beta: N/A