The company's fundamentals are relatively healthy. Its valuation is considered fairly valued,and institutional recognition is relatively high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a very weak stock market performance, the company shows strong technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
SolarBank Corp's Score
Industry at a Glance
Industry Ranking
18 / 30
Overall Ranking
282 / 4617
Industry
Renewable Energy
Support & Resistance
No Data
Score Analysis
Current score
Previous score
Analyst Rating
Based on
3
analysts
Buy
Current Rating
4.438
Target Price
+175.62%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
SolarBank Corp Highlights
StrengthsRisks
SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the United States. The Company is engaged in the development, construction, and operation of solar photovoltaic (PV) power generation projects, battery energy storage systems, and electric vehicle (EV)-charging projects in Canada and the United States. The Company develops solar projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple solar markets, including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 70 megawatts built. The Company is also engaged in other clean and renewable technologies.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 124.17% year-on-year.
Growing
The company is in a growing phase, with the latest annual income totaling USD 29.74M.
Fairly Valued
The company’s latest PB is 3.98, at a medium 3-year percentile range.
Institutional Selling
The latest institutional holdings are 206.15K shares, decreasing 93.17% quarter-over-quarter.
SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the United States. The Company is engaged in the development, construction, and operation of solar photovoltaic (PV) power generation projects, battery energy storage systems, and electric vehicle (EV)-charging projects in Canada and the United States. The Company develops solar projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple solar markets, including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 70 megawatts built. The Company is also engaged in other clean and renewable technologies.