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 contrast to its competitors? We will compare SolarBank to related companies based on the strength of its analyst recommendations, risk, earnings, institutional ownership, profitability, valuation and dividends.

Institutional & Insider 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, hedge funds and large money managers believe a stock will outperform the market over the long term.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
SolarBank	-6.92%	-13.89%	-5.86%
SolarBank Competitors	6.42%	10.28%	2.76%

Analyst Ratings

This is a breakdown of recent ratings and target prices for SolarBank and its competitors, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SolarBank	0	0	1	0	3.00
SolarBank Competitors	568	2833	2095	16	2.28

SolarBank currently has a consensus price target of $6.00, indicating a potential upside of 47.78%. As a group, “Electric & other services combined” companies have a potential upside of 4.03%. Given SolarBank’s stronger consensus rating and higher possible upside, research analysts clearly believe SolarBank is more favorable than its competitors.

Earnings and Valuation

This table compares SolarBank and its competitors revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
SolarBank	$43.08 million	-$2.56 million	-23.88
SolarBank Competitors	$10.04 billion	$759.64 million	17.76

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

Summary

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

About SolarBank

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.