Head to Head Comparison: SolarBank (SUUN) & The Competition

SolarBank (NASDAQ:SUUN) is a participant in the "Electric & other services combined" sector, which includes 29 publicly traded companies. In this article, we will evaluate SolarBank against its peers concerning valuation, institutional and insider ownership, analyst recommendations, dividends, risk assessment, earnings, and profitability metrics.

Insider and Institutional Ownership

In the sector, institutional investors own approximately 72.2% of all shares, while insiders hold about 7.6%. High institutional ownership suggests that significant investors, such as hedge funds and endowments, expect the stock to perform well over the long term.

Analyst Ratings

Here is a summary of the latest ratings for SolarBank and its competitors based on insights from MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SolarBank	0	0	1	0	3.00
Competitors	570	2843	2104	16	2.28

The consensus target price for SolarBank stands at $6.00, suggesting a potential increase of 37.93%. In comparison, the average potential for companies in the same sector is only 1.84%, indicating that analysts view SolarBank more favorably than its competitors.

Profitability

The following table compares net margins, return on equity, and return on assets for SolarBank versus its industry competitors.

	Net Margins	Return on Equity	Return on Assets
SolarBank	-10.64%	-15.19%	-6.41%
Competitors	7.00%	10.41%	2.75%

Valuation and Earnings

This section compares SolarBank with its competitors regarding gross revenue, net income, and price-to-earnings ratio.

	Gross Revenue	Net Income	Price/Earnings Ratio
SolarBank	$43.08 million	-$2.56 million	-19.77
Competitors	$10.08 billion	$855.48 million	27.66

SolarBank’s competitors show significantly higher revenue and earnings. However, SolarBank is currently valued at a lower price-to-earnings ratio than its rivals, indicating a more attractive pricing compared to the industry average.

Summary

Upon evaluating multiple factors, SolarBank lagged behind its competitors in 9 out of 12 categories.

Company Profile: SolarBank

SolarBank Corporation operates as a renewable and clean energy project developer and asset operator in both Canada and the United States. The firm focuses on various activities like site development, financing, engineering, procurement, construction, operation, maintenance, and asset management for solar photovoltaic power generation projects. SolarBank previously went by the name Abundant Solar Energy Inc. before transitioning to its current name in October 2022. The company was established in 2013, with its headquarters located in Toronto, Canada.

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SolarBank, Stock, Comparison