
SolarBank Corp (SUUN) Stock Forecast & Price Target
SolarBank Corp (SUUN) Analyst Ratings
Bulls say
SolarBank Corp demonstrates a robust positive outlook, highlighted by a significant revenue increase of 108.4% year-over-year, reaching C$16.0 million in the most recent quarter. The company is positioned to benefit from favorable growth trends in the renewable energy sector, with blended gross margin estimates improving from approximately 25-27% in FY2025 to over 50% by FY2030. Furthermore, continued advancements in technology and government incentives in both the Canadian and U.S. solar markets further enhance SolarBank's potential for operational efficiency and profitability.
Bears say
SolarBank Corp has experienced a significant decline in revenue, reporting a 78% drop to C$4.1 million from C$18.6 million in the same quarter of the previous year. The company's gross margin also decreased from 30.6% to 28.4%, driven by a higher proportion of revenue derived from lower-margin EPC services rather than higher-margin development activities. Furthermore, ongoing customer loss raises concerns about the company's income stability, liquidity, and long-term profitability, which collectively contribute to a negative outlook for SolarBank's stock.
This aggregate rating is based on analysts' research of SolarBank Corp and is not a guaranteed prediction by Public.com or investment advice.
SolarBank Corp (SUUN) Analyst Forecast & Price Prediction
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