SolarBank (SUUN) versus The Competition Critical Review

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

Valuation and Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
SolarBank	$52.15 million	-$2.56 million	-16.14
SolarBank Competitors	$10.10 billion	$855.48 million	32.20

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.

Analyst Recommendations

This is a breakdown of current recommendations and price targets for SolarBank and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SolarBank	0	0	1	0	3.00
SolarBank Competitors	571	2850	2107	16	2.28

SolarBank presently has a consensus price target of $6.00, suggesting a potential upside of 69.01%. As a group, “Electric & other services combined” companies have a potential upside of 0.19%. Given SolarBank’s stronger consensus rating and higher probable upside, equities analysts clearly believe SolarBank is more favorable than its competitors.

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	-10.64%	-15.19%	-6.41%
SolarBank Competitors	7.00%	10.41%	2.75%

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

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.