SolarBank (NASDAQ:SUUN – Get Free Report) and Public Service Enterprise Group (NYSE:PEG – Get Free Report) are both oils/energy companies, but which is the better stock? We will compare the two businesses based on the strength of their earnings, institutional ownership, dividends, valuation, analyst recommendations, profitability and risk.
Analyst Recommendations
This is a breakdown of recent ratings and recommmendations for SolarBank and Public Service Enterprise Group, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| SolarBank | 0 | 0 | 1 | 0 | 3.00 |
| Public Service Enterprise Group | 0 | 5 | 7 | 1 | 2.69 |
SolarBank presently has a consensus target price of $6.00, suggesting a potential upside of 58.73%. Public Service Enterprise Group has a consensus target price of $89.50, suggesting a potential upside of 10.82%. Given SolarBank’s stronger consensus rating and higher possible upside, equities analysts clearly believe SolarBank is more favorable than Public Service Enterprise Group.
Valuation and Earnings
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| SolarBank | $52.15 million | 2.31 | -$2.56 million | ($0.22) | -17.18 |
| Public Service Enterprise Group | $10.43 billion | 3.86 | $2.56 billion | $3.54 | 22.81 |
Public Service Enterprise Group has higher revenue and earnings than SolarBank. SolarBank is trading at a lower price-to-earnings ratio than Public Service Enterprise Group, indicating that it is currently the more affordable of the two stocks.
Institutional and Insider Ownership
73.3% of Public Service Enterprise Group shares are held by institutional investors. 0.6% of Public Service Enterprise Group shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Profitability
This table compares SolarBank and Public Service Enterprise Group’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| SolarBank | -10.64% | -15.19% | -6.41% |
| Public Service Enterprise Group | 19.48% | 10.70% | 3.22% |
Summary
Public Service Enterprise Group beats SolarBank on 12 of the 14 factors compared between the two stocks.
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.
About Public Service Enterprise Group
Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs. The PSEG Power segment engages in nuclear generation businesses; and supplies power and natural gas to nuclear power plants and gas storage facilities activities. As of December 31, 2023, it had electric transmission and distribution system of 25,000 circuit miles and 866,600 poles; 56 switching stations with an installed capacity of 39,953 megavolt-amperes (MVA), and 235 substations with an installed capacity of 10,382 MVA; 109 MVA aggregate installed capacity for substations; four electric distribution headquarters and five electric sub-headquarters; 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 56 natural gas metering and regulating stations; and 158 MegaWatts defined conditions of installed PV solar capacity. Public Service Enterprise Group Incorporated was founded in 1903 and is based in Newark, New Jersey.
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