SolarBank (SUUN)

• Market cap: $65.2M
• 1 day: -1.86%
• 5 days: -2.31%
• 1 month: -19.77%
• 3 months: -36.64%
• 6 months: -64.77%
• Year to date: -63.62%
• 1 year: -63.62%
• 5 years: -63.62%
• 10 years: -63.62%

About: SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.

Employees: 15

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

33% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 3

0.05% less ownership

Funds ownership: 0.46% [Q2] → 0.41% (-0.05%) [Q3]

10% less funds holding

Funds holding: 10 [Q2] → 9 (-1) [Q3]

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

40% less capital invested

Capital invested by funds: $766K [Q2] → $463K (-$303K) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $6 184% upside
• Avg. target: $6 184% upside
• High target: $6 184% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

HC Wainwright & Co. Amit Dayal 39% 1-year accuracy 44 / 112 met price target

184% upside $6

Buy Initiated

11 Dec 2024