SolarBank (SUUN) vs. Its Rivals Financial Review

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

Insider & Institutional Ownership

72.2% of shares of all “Electric & other services combined” companies are owned by institutional investors. 7.6% of shares of all “Electric & other services combined” companies are owned 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.

Valuation & Earnings

This table compares SolarBank and its rivals gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
SolarBank	$43.08 million	-$2.56 million	-37.59
SolarBank Competitors	$10.00 billion	$759.64 million	17.04

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

Profitability

This table compares SolarBank and its rivals’ 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	6.53%	10.27%	2.76%

Analyst Ratings

This is a summary of recent ratings and recommmendations for SolarBank and its rivals, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SolarBank	0	0	1	0	3.00
SolarBank Competitors	569	2836	2096	16	2.28

SolarBank currently has a consensus price target of $6.00, suggesting a potential downside of 6.10%. As a group, “Electric & other services combined” companies have a potential upside of 3.62%. Given SolarBank’s rivals higher possible upside, analysts plainly believe SolarBank has less favorable growth aspects than its rivals.

Summary

SolarBank rivals beat SolarBank on 10 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.