Analyzing SolarBank (SUUN) & Its Rivals

SolarBank (NASDAQ:SUUN) is one of 29 publicly-traded companies in the “Electric & other services combined” industry, but how does it weigh in compared to its peers? We will compare SolarBank to similar companies based on the strength of its analyst recommendations, dividends, earnings, valuation, institutional ownership, profitability and risk.

Profitability

This table compares SolarBank and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
SolarBank	-10.64%	-15.19%	-6.41%
SolarBank Competitors	7.00%	10.41%	2.75%

Analyst Ratings

This is a breakdown of recent ratings and recommmendations for SolarBank and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SolarBank	0	0	1	0	3.00
SolarBank Competitors	571	2846	2105	16	2.28

SolarBank presently has a consensus target price of $6.00, suggesting a potential upside of 38.57%. As a group, “Electric & other services combined” companies have a potential upside of 1.21%. Given SolarBank’s stronger consensus rating and higher possible upside, research analysts plainly believe SolarBank is more favorable than its peers.

Valuation & Earnings

This table compares SolarBank and its peers top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
SolarBank	$43.08 million	-$2.56 million	-19.68
SolarBank Competitors	$10.09 billion	$855.48 million	27.97

SolarBank’s peers have higher revenue and earnings than SolarBank. SolarBank is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Insider and Institutional Ownership

72.2% of shares of all “Electric & other services combined” companies are held by institutional investors. 7.7% of shares of all “Electric & other services combined” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Summary

SolarBank peers beat SolarBank on 9 of the 12 factors compared.

SolarBank Company Profile

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.