SolarBank Corporation (SUUN)

CA — Utilities Sector
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Key Metrics & Ratings

  • symbol SUUN
  • Rev/Share 1.6829
  • Book/Share 2.0281
  • PB 1.3999
  • Debt/Equity 1.6526
  • CurrentRatio 0.9681
  • ROIC -0.0148

 

  • MktCap 74075708.9847
  • FreeCF/Share -0.9701
  • PFCF -2.464
  • PE -9.9471
  • Debt/Assets 0.4142
  • DivYield 0
  • ROE -0.1957

 

  • Rating C
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 4
  • P/B Score 2
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
No ratings available.

News

SolarBank Announces Bitcoin Treasury Strategy
COIN, SUUN
Published: June 03, 2025 by: PRNewsWire
Sentiment: Neutral

TORONTO , June 3, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company"), a leader in distributed solar energy, battery storage, and clean energy infrastructure across North America, today announces it is implementing a treasury strategy integrating Bitcoin as a strategic reserve asset – inspired by MicroStrategy's multibillion-dollar Bitcoin strategy and SharpLink Gaming's Ethereum-driven strategy. To support this strategy, the Company has filed an account opening application with Coinbase Prime (NASDAQ: COIN) to provide secure custody, USDC services, and a self-custodial wallet for its Bitcoin holdings.

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image for news SolarBank Announces Bitcoin Treasury Strategy
US$100 Million Transformative, Project Financing Announced by SolarBank and CIM Group to Fund 97 MW of Renewable Energy Assets in the United States
SUUN
Published: May 06, 2025 by: PRNewsWire
Sentiment: Neutral

Financing to accelerate SolarBank's growth as an owner of solar power projects in the U.S. TORONTO , May 6, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announced today that CIM Group ("CIM"), a real estate and infrastructure owner, operator, lender and developer, and the Company have entered into a Mandate Letter providing for up to US$100 million in project based financing for a portfolio of 97 MW of solar power projects located in the United States (the "Transaction"). The Transaction will be structured as a preferred equity investment into a newly …

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image for news US$100 Million Transformative, Project Financing Announced by SolarBank and CIM Group to Fund 97 MW of Renewable Energy Assets in the United States
7.2 MW Hoadley Hill Rd Solar Project in Development by SolarBank in New York
SUUN
Published: March 27, 2025 by: PRNewsWire
Sentiment: Neutral

850 Homes Expected to be Powered by this Community Solar Project TORONTO , March 27, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce its plans to develop a 7.2 MW DC ground-mount solar power project known as the Hoadley Hill Rd project (the "Project") on a site located in upstate New York. With a secured site lease and interconnection approval requested, the Project is another key addition to SolarBank's expanding development pipeline—which exceeds one gigawatt—as well as the Company's commitment to advancing community solar.

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image for news 7.2 MW Hoadley Hill Rd Solar Project in Development by SolarBank in New York
$1.06 million USD in Government Incentives Awarded to SolarBank for Camillus Solar Project
SUUN
Published: March 20, 2025 by: PRNewsWire
Sentiment: Neutral

TORONTO , March 20, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) )Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is ‎pleased to announce that it has received approval from the New York State Energy Research and Development Authority ("NYSERDA") for $1,058,616 USD in incentives for the 3.26 MW Camillus Solar Project (the "Project") under the NY-Sun Program. As disclosed on March 19, 2025 , the Project has been sold to, and will now be constructed for, Solar Advocate Development LLC (the "Owner") in a transaction valued at $7.3 million USD.

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image for news $1.06 million USD in Government Incentives Awarded to SolarBank for Camillus Solar Project
SolarBank Partners with Viridi on Combined 3.06 MW Solar and 1.2 MWH Battery Energy Storage Project Located in Buffalo, New York
SUUN
Published: February 20, 2025 by: PRNewsWire
Sentiment: Neutral

Project will utilize Viridi's innovative lithium-ion battery packs with integrated fire suppression systems that meet stringent safety requirements TORONTO , Feb. 20, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce that it is partnering with Viridi , the industry leader in fail-safe battery energy storage systems (BESS), on the development of a combined 3.06 MW DC ground-mount solar power project and related 1.2 MWH battery energy storage system ("BESS") in Buffalo, New York (the "Project"). The Project is being constructed on a closed landfill site, transforming previously unusable …

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image for news SolarBank Partners with Viridi on Combined 3.06 MW Solar and 1.2 MWH Battery Energy Storage Project Located in Buffalo, New York
SolarBank Announces Second Quarter Results
SUUN
Published: February 18, 2025 by: PRNewsWire
Sentiment: Neutral

Gross margins improved to 29.2% led by a growing independent power producer ("IPP") revenue base. This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 23, 2024, to its short form base shelf prospectus dated May 2, 2023.

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image for news SolarBank Announces Second Quarter Results
IBN Announces Latest Episode of The Bell2Bell Podcast featuring Richard Lu, CEO of SolarBank Corporation
SUUN
Published: February 11, 2025 by: GlobeNewsWire
Sentiment: Neutral

AUSTIN, Texas, Feb. 11, 2025 (GLOBE NEWSWIRE) -- via IBN – IBN, a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The Bell2Bell Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels. The Bell2Bell Podcast delivers informative updates and exclusive interviews with executives operating in fast-moving industries.

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image for news IBN Announces Latest Episode of The Bell2Bell Podcast featuring Richard Lu, CEO of SolarBank Corporation
SolarBank Provides Update on 14.4 MW Projects in Skaneateles, New York
SUUN
Published: February 11, 2025 by: PRNewsWire
Sentiment: Neutral

2,100 Homes Expected to be Powered by these Community Solar Projects TORONTO , Feb. 11, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce an update on the development of two projects located on industrial brownfield sites located in Skaneateles, New York which is in the Finger Lakes Retion of New York, in Onnodaga County. The Company intends to develop two ground-mount community solar projects across the this site with a capacity of 14.4 MW DC (the "Projects").

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image for news SolarBank Provides Update on 14.4 MW Projects in Skaneateles, New York

About SolarBank Corporation (SUUN)

  • IPO Date 2024-04-08
  • Website https://solarbankcorp.com
  • Industry Renewable Utilities
  • CEO Dr. Richard Lu M.B.A., M.D., M.Sc.
  • Employees 15

SolarBank Corporation operates as an independent renewable and clean energy project developer, power producer, and asset operator in Canada and the United States. It focuses on solar photovoltaic power generation projects, battery energy storage systems, and EV-charging projects. The company provides expertise in the areas of site origination, utility grid interconnection, permitting, financing, engineering, procurement and construction, operation and maintenance, and asset management of solar photovoltaic power plants to the renewable and clean energy industry. It also develops solar projects that sells electricity to commercial, industrial, municipal, residential, and utility off-takers sectors. 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.