Missed GME or NVDA? Donโt Miss the Next One.โ
Join 5,000+ investors using Ticker Nerd’s Market Radar to stay ahead of major market moves, analyst upgrades, and trending opportunities โ for free.
Home โบ Stocks โบ SolarBank Corporation (SUUN) Stock Forecast & Price Prediction Canada | NASDAQ | Utilities | Utilities - Renewable
$2.00
-0.06 (-2.91%)10 Quality Stocks Worth Considering Now
Researching SolarBank (SUUN) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
Get our FREE market selloff report + exclusive analysis on SUUN and similar high-potential opportunities.
Based on our analysis of 1 Wall Street analyst, SUUN has a bullish consensus with a median price target of $5.20 (ranging from $4.75 to $6.00). Currently trading at $2.00, the median forecast implies a 160.0% upside. This outlook is supported by 3 Buy, 0 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Amit Dayal at HC Wainwright & Co., projecting a 200.0% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for SUUN.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Mar 18, 2025 | HC Wainwright & Co. | Amit Dayal | Buy | Reiterates | $6.00 |
Dec 11, 2024 | HC Wainwright & Co. | Amit Dayal | Buy | Initiates | $6.00 |
The following stocks are similar to SolarBank based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
SolarBank Corporation has a market capitalization of $72.52M with a P/E ratio of 57.7x. The company generates $37.49M in trailing twelve-month revenue with a -10.8% profit margin.
Revenue growth is -78.0% quarter-over-quarter, while maintaining an operating margin of -38.2% and return on equity of -17.3%.
Get All 10 Quality Stocks For This Market Selloff
Still researching investments after the market drop? Our ex-Goldman Sachs analyst has already identified the 10 highest-quality oversold stocks with strong fundamentals and upside potential.
Why spend hours researching when we've already done the work? Get instant access to our complete market selloff analysis.
Provides renewable energy solutions focused on solar power.
The company makes money by developing, financing, and managing solar energy projects for residential, commercial, and industrial clients. It partners with various sectors to facilitate the transition to clean energy, offering services that reduce carbon footprints and promote energy efficiency.
SolarBank is strategically positioned in the growing renewable energy market, addressing the demand for eco-friendly solutions. Its focus on innovative solar technologies and the establishment of solar farms supports global infrastructure for efficient solar energy utilization. The company's commitment to sustainability aligns with broader trends towards greener energy alternatives, influencing energy policies and development worldwide.
Utilities
Utilities - Renewable
15
Dr. Richard Lu M.B.A., M.D., M.Sc.
Canada
2024
SolarBank Corporation (NASDAQ: SUUN) has filed a new short form base shelf prospectus in Canada, replacing the previous one from May 2023, which was set to expire in June 2025.
SolarBank's new shelf prospectus enables easier access to capital, enhancing growth potential and financial flexibility, which can positively impact stock performance and investor confidence.
SolarBank Corporation has secured up to $100 million in project financing from CIM Group for a 97 MW solar power portfolio in the U.S., establishing a joint venture with Abundant Solar Power Inc.
The $100 million financing for SolarBank enhances its capacity to expand solar projects, potentially boosting revenue and market position, which may attract investor interest and increase stock value.
SolarBank Corporation is developing a 7.2 MW solar project in upstate New York, expected to power 850 homes. The project adds to its pipeline exceeding one gigawatt.
The development of the Glor Rd solar project enhances SolarBank's growth prospects, supports renewable energy initiatives, and strengthens its market position, potentially boosting shareholder value.
SolarBank Corporation plans to develop a 4.584 MW solar project in upstate New York, expected to power 540 homes. This adds to their growing pipeline of over 1 GW in community solar projects.
The announcement of SolarBank's new solar project enhances its development pipeline, signaling growth potential and commitment to renewable energy, which can attract investors focused on sustainability and innovation.
SolarBank Corporation (NASDAQ: SUUN) has refiled its Audited Consolidated Annual Financial Statements for the year ended June 30, 2024, adding a report from its previous auditor. No other changes were made.
Refiling financial statements can signal accounting issues or transparency concerns, potentially affecting investor confidence and stock prices for SolarBank Corporation.
SolarBank Corporation (NASDAQ: SUUN) has hired Martone Advisors, led by Jonathan Martone, to assist in its planned expansion into the data center market.
SolarBank's expansion into the data center market, backed by an experienced advisor, signals growth potential and diversification, which could enhance future profitability and attract investor interest.
Based on our analysis of 1 Wall Street analysts, SolarBank Corporation (SUUN) has a median price target of $5.20. The highest price target is $6.00 and the lowest is $4.75.
According to current analyst ratings, SUUN has 3 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $2.00. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict SUUN stock could reach $5.20 in the next 12 months. This represents a 160.0% increase from the current price of $2.00. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company makes money by developing, financing, and managing solar energy projects for residential, commercial, and industrial clients. It partners with various sectors to facilitate the transition to clean energy, offering services that reduce carbon footprints and promote energy efficiency.
The highest price target for SUUN is $6.00 from Amit Dayal at HC Wainwright & Co., which represents a 200.0% increase from the current price of $2.00.
The lowest price target for SUUN is $4.75 from at , which represents a 137.5% increase from the current price of $2.00.
The overall analyst consensus for SUUN is bullish. Out of 1 Wall Street analysts, 3 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $5.20.
Stock price projections, including those for SolarBank Corporation, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.