SUUN
SolarBankSUUN
SUUN
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
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
0.12% less ownership
Funds ownership: 0.41% [Q3] → 0.3% (-0.12%) [Q4]
44% less funds holding
Funds holding: 9 [Q3] → 5 (-4) [Q4]
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
66% less capital invested
Capital invested by funds: $566K [Q3] → $190K (-$376K) [Q4]
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$6
178%
upside
Avg. target
$6
178%
upside
High target
$6
178%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
HC Wainwright & Co. Amit Dayal 18% 1-year accuracy 22 / 122 met price target | 178%upside $6 | Buy Reiterated | 18 Mar 2025 |
Financial journalist opinion
Based on 3 articles about SUUN published over the past 30 days
Neutral
PRNewsWire
1 week ago
Data Center Expert Jonathan Martone Retained by SolarBank Corporation to Power Strategic Expansion
TORONTO , April 9, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce that it has retained Martone Advisors LLC and its principal, Jonathan Martone, as an advisor to the Company on its previously disclosed planned expansion into the data center market. Mr. Martone has held various leadership roles in the data center and telecommunications industries for over 25 years.
Neutral
PRNewsWire
3 weeks ago
7.2 MW Hoadley Hill Rd Solar Project in Development by SolarBank in New York
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.
Neutral
PRNewsWire
4 weeks ago
SolarBank Corporation Announces Closing of up to US$19 Million Equity Financing
TORONTO , March 24, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company"), today announced it has closed its previously announced registered direct offering with a single institutional investor. The investor — a multi-billion dollar global investment fund backed by a bulge bracket investment bank and that has a large portfolio of energy investments — purchased 2,394,367 common shares and warrants to purchase up to 2,394,367 common shares at a combined purchase price of US$3.55 per common share and accompanying warrant for aggregate gross proceeds of approximately US$8.5 million before deducting fees and other estimated offering expenses (the "Offering").
Neutral
PRNewsWire
1 month ago
SolarBank Corporation Announces up to US$19 Million Equity Financing
TORONTO , March 21, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company"), today announced it has entered into a definitive agreement with a single institutional investor for the purchase and sale of 2,394,367 common shares and warrants to purchase up to 2,394,367 common shares at a combined purchase price of US$3.55 per common share and accompanying warrant, pursuant to a registered direct offering for aggregate gross proceeds of approximately US$8.5 million before deducting fees and other estimated offering expenses (the "Offering"). The warrants will be exercisable immediately at an exercise price of US$4.45 per share and will expire five years from the date of issuance.
Neutral
PRNewsWire
1 month ago
$1.06 million USD in Government Incentives Awarded to SolarBank for Camillus Solar Project
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.
Neutral
PRNewsWire
1 month ago
$7.3 million USD Transaction Entered into with Solar Advocate Development LLC for the Sale and Construction of the Camillus Solar Project
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 , March 19, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN; Cboe CA: SUNN , FSE: GY2) ("SolarBank" or the "Company") is pleased to announce that its 3.26 MW Camillus Solar Project (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. Dr. Richard Lu, CEO of the Company commented: "This is the eighth community solar project that will be constructed and operated for Solar Advocate as part of a relationship that originated in 2018.
Neutral
PRNewsWire
1 month ago
4.3 MW Glen Rd Solar Project in Development by SolarBank in New York
500 Homes Expected to be Powered by this Community Solar Project TORONTO , March 18, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce its plans to develop a 4.3 MW DC ground-mount solar power project known as the Glen Rd project (the "Project") on a site located in upstate New York. With a secured site lease and interconnection study underway, 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.
Neutral
PRNewsWire
1 month ago
7.2 MW Jordan Rd, Gainesville Solar Project in Development by SolarBank in New York
850 Homes Expected to be Powered by this Community Solar Project TORONTO , March 13, 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 Jordan Rd, Gainesville project (the "Project") on a site located in upstate New York. With a secured site lease and interconnection study underway, 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.
Neutral
PRNewsWire
1 month ago
SolarBank Provides Update on 5.4 MW Boyle Rd Project in New York
630 Homes Expected to be Powered by this Community Solar Project TORONTO , March 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 a 5.4 MW DC ground-mount solar power project known as the Boyle Rd project (the "Project") on a site located in upstate New York. The Project has achieved a development milestone in receiving positive interconnection results via a completed Coordinated Electric System Interconnection Review (CESIR).
Neutral
PRNewsWire
1 month ago
SolarBank Provides Update on 2.9 MW Project in Gainesville, New York
340 Homes Expected to be Powered by this Community Solar Project TORONTO , March 6, 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 a 2.9 MW DC ground-mount solar power project known as the Silver Springs project (the "Project") on a site located in Gainesville, New York. The Project has achieved a development milestone in receiving positive interconnection results via a completed Coordinated Electric System Interconnection Review (CESIR).
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