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SolarBank (SUUN) Company Overview

Profile

Full Name:

SolarBank Corporation

Sector:

Utilities

Industry:

Renewable

Country:

Canada

IPO:

April 8, 2024

Indexes:

Not included

Description:

SUUN, or SolarBank Corporation, focuses on renewable energy solutions, primarily solar power. The company develops and operates solar energy projects, providing clean energy to businesses and communities. Their mission is to promote sustainable energy use and reduce carbon footprints through innovative solar technologies.

Key Details

Price

$4.10

Annual Revenue

$43.08 M(+213.81% YoY)

Annual EPS

-$0.10(-314.06% YoY)

Annual ROE

-19.55%

Beta

0.68

Events Calendar

Earnings

Next earnings date:

Feb 28, 2025

Recent quarterly earnings:

Nov 14, 2024

Recent annual earnings:

Sep 30, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Dec 11, 24 HC Wainwright & Co.
Buy

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SolarBank Announces Commencement of Construction of First Battery Energy Storage Project (BESS) in Ontario
SolarBank Announces Commencement of Construction of First Battery Energy Storage Project (BESS) in Ontario
SolarBank Announces Commencement of Construction of First Battery Energy Storage Project (BESS) in Ontario
SUUN
prnewswire.comFebruary 4, 2025

$25.8 Million Royal Bank of Canada Facility is being used to finance construction of the 4.99 MW BESS Project TORONTO , Feb. 4, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce that its first Battery Energy Storage System ("BESS") project located in Ontario is expected to commence construction during the week of February 10, 2025. The project is known as SFF-06 (the "Project") and is located in Cramahe, Ontario.

SolarBank Announces 2024 Highlights
SolarBank Announces 2024 Highlights
SolarBank Announces 2024 Highlights
SUUN
prnewswire.comJanuary 29, 2025

$49.5 Million USD Transaction with Qcells $45 Million Valued Acquisition of Solar Flow-Through Funds Ltd. $25.8 Million Royal Bank of Canada Project Finance Facility Nasdaq Global Market and Cboe Canada Listings TORONTO , Jan. 29, 2025 /PRNewswire/ - SolarBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") today announces highlights and new milestones reached during the 2024 calendar year.

SolarBank to Present at The Microcap Conference 2025
SolarBank to Present at The Microcap Conference 2025
SolarBank to Present at The Microcap Conference 2025
SUUN
prnewswire.comJanuary 21, 2025

TORONTO , Jan. 21, 2025 /PRNewswire/ -  SolarBank Corporation  (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company"), an independent renewable and clean energy project developer and owner, is pleased to announce its participation in The Microcap Conference 2025, the premier event for growth-focused companies and investors. The conference will take place January 28-30, 2025, at the Borgata Hotel Spa & Casino in Atlantic City, NJ.

US$49.5 Million Transaction with Qcells Announced by SolarBank
US$49.5 Million Transaction with Qcells Announced by SolarBank
US$49.5 Million Transaction with Qcells Announced by SolarBank
SUUN
prnewswire.comJanuary 6, 2025

Transaction is for the sale and subsequent construction of four solar projects in New York State. The projects will utilize Qcells modules manufactured in the USA.

$25.8 Million Royal Bank of Canada Project Finance Facility Secured by SolarBank
$25.8 Million Royal Bank of Canada Project Finance Facility Secured by SolarBank
$25.8 Million Royal Bank of Canada Project Finance Facility Secured by SolarBank
SUUN
prnewswire.comDecember 16, 2024

Funding will be used to develop and construct two battery energy storage projects acquired as part of the Solar Flow-Through Funds Ltd. acquisition.

SolarBank BESS Subsidiary Secures Project Financing
SolarBank BESS Subsidiary Secures Project Financing
SolarBank BESS Subsidiary Secures Project Financing
SUUN
prnewswire.comNovember 27, 2024

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 TORONTO , Nov. 27, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce its subsidiary has secured project financing in the form of a loan ("Loan") in a principal amount of $3 million from RE Royalties Ltd. (the "Lender").

SolarBank to Host Earnings Call this Thursday, November 14, 2024
SolarBank to Host Earnings Call this Thursday, November 14, 2024
SolarBank to Host Earnings Call this Thursday, November 14, 2024
SUUN
prnewswire.comNovember 13, 2024

TORONTO , Nov. 13, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") reminds investors that it intends to release its quarterly financial results for the quarter ended September 30, 2024 after close of the Nasdaq market on Thursday, November 14, 2024, and will be hosting a webinar to provide a business update and discuss the quarterly results the same day. You are invited to a webinar When: November 14, 2024 04:30 PM Eastern Time (US and Canada) Topic: SolarBank Corporation – Quarterly Earnings Release & Management Update Register in advance for this webinar: https://events.teams.microsoft.com/event/5c8f3799-f6e0-4f7f-b881-6d6015e2044a@f90ea049-87a1-4082-95af-7e4e24c02cb4 After registering, you will receive a confirmation email containing information about joining the webinar.

SolarBank Confirms Quarterly Financial Results Release Date and Earnings Call
SolarBank Confirms Quarterly Financial Results Release Date and Earnings Call
SolarBank Confirms Quarterly Financial Results Release Date and Earnings Call
SUUN
prnewswire.comNovember 11, 2024

TORONTO , Nov. 11, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announces that it intends to release its quarterly financial results for the quarter ended September 30, 2024 after close of the Nasdaq market on Thursday, November 14, 2024 and will be hosting a webinar to provide a business update and discuss the quarterly results the same day. You are invited to a webinar When: November 14, 2024 04:30 PM Eastern Time (US and Canada) Topic: SolarBank Corporation – Quarterly Earnings Release & Management Update Register in advance for this webinar: https://events.teams.microsoft.com/event/5c8f3799-f6e0-4f7f-b881-6d6015e2044a@f90ea049-87a1-4082-95af-7e4e24c02cb4 After registering, you will receive a confirmation email containing information about joining the webinar.

SolarBank Expands into the projected $395 Billion Data Center Market as Developer and Strategic Partner
SolarBank Expands into the projected $395 Billion Data Center Market as Developer and Strategic Partner
SolarBank Expands into the projected $395 Billion Data Center Market as Developer and Strategic Partner
SUUN
prnewswire.comNovember 7, 2024

TORONTO , Nov. 7, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN; Cboe CA: SUNN , FSE: GY2) ("SolarBank" or the "Company"), a leading provider of renewable energy solutions, announces its strategic expansion into the rapidly growing data center market. In alignment with its commitment to harnessing clean energy technologies, SolarBank intends to pursue opportunities as a developer, owner, and strategic partner in data center infrastructure, supporting the demand for high-performance, sustainable energy solutions within the sector.

7.2-Megawatt Solar Project in Development by SolarBank in New York
7.2-Megawatt Solar Project in Development by SolarBank in New York
7.2-Megawatt Solar Project in Development by SolarBank in New York
SUUN
prnewswire.comOctober 29, 2024

Over 850 Homes Expected to be Powered by this Community Solar Project TORONTO , Oct. 29, 2024 /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 North Main project (the "Project") on a site located in Wyoming County, New York. With a secured site lease and interconnection study underway, the Project is another key part of SolarBank's expanding development pipeline—which exceeds one gigawatt—as well as the Company's commitment to advancing community solar.

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FAQ

  • What is the ticker symbol for SolarBank?
  • Does SolarBank pay dividends?
  • What sector is SolarBank in?
  • What industry is SolarBank in?
  • What country is SolarBank based in?
  • When did SolarBank go public?
  • Is SolarBank in the S&P 500?
  • Is SolarBank in the NASDAQ 100?
  • Is SolarBank in the Dow Jones?
  • When was SolarBank's last earnings report?
  • When does SolarBank report earnings?

What is the ticker symbol for SolarBank?

The ticker symbol for SolarBank is NASDAQ:SUUN

Does SolarBank pay dividends?

No, SolarBank does not pay dividends

What sector is SolarBank in?

SolarBank is in the Utilities sector

What industry is SolarBank in?

SolarBank is in the Renewable industry

What country is SolarBank based in?

SolarBank is headquartered in Canada

When did SolarBank go public?

SolarBank's initial public offering (IPO) was on April 8, 2024

Is SolarBank in the S&P 500?

No, SolarBank is not included in the S&P 500 index

Is SolarBank in the NASDAQ 100?

No, SolarBank is not included in the NASDAQ 100 index

Is SolarBank in the Dow Jones?

No, SolarBank is not included in the Dow Jones index

When was SolarBank's last earnings report?

SolarBank's most recent earnings report was on Nov 14, 2024

When does SolarBank report earnings?

The next expected earnings date for SolarBank is Feb 28, 2025