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SUUN · NASDAQ · Independent Power Producers

PowerBank

Develops, builds, and operates solar and storage projects in Canada and the United States.

$0.5000
At close−0.03 (−5.66%)
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Profile

PowerBank CorporationSUUNUtilities

Develops and operates solar photovoltaic and battery-energy-storage projects, earning development, EPC, IPP, and service revenue. Its reported segments pair Development & EPC with IPP Production as it retains selected assets for power generation.

Develops, permits, designs, builds, and operates solar photovoltaic and battery-energy-storage projects in Canada and the United States. Customers include commercial and industrial users, community-solar programs, and counterparties under corporate or utility power-purchase agreements.

Revenue comes from development fees, EPC services, IPP production, and operations, maintenance, and asset-management services. Development & EPC and IPP Production are the reported operating segments. The business is retaining selected assets to expand its independent-power-producer base, while project execution depends on land rights, interconnection, offtake arrangements, financing, and renewable-energy policy support. It competes for land rights, transmission capacity, offtake, and financing.

Company facts

CEODr. Richard Lu
ListedApr 8, 2024
ExchangeNASDAQ
HeadquartersToronto, ON
CountryCanada
Employees18
CIK0002011053
ISINCA73933V1004

Key statistics

Market cap$23.5M
EPS (ttm)−$0.1789
P/E (ttm)−2.80
ROE-41.4%
P/B1.11
P/S0.8364
Dividend yield
Beta2.59vs XLU −1.43

Year to date −74.2% · Average volume (30d) 619.5K

Analysts

Price target, next 12 months$2.00+325.5%Median of 2 analysts · vs the Aug 20 close
ConsensusBuy1 of 2 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingTarget
May 20, 2026Industrial Alliance SecuritiesTarget$2
Oct 9, 2025Freedom BrokerDowngradeBuyHold

Earnings

EPS

Estimate$0.00
ReportedDue Oct 7, 2026

Revenue

Estimate$10.1M
ReportedDue Oct 7, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
May 21, 2026Q3 FY26−$0.02−$0.09−314.4%$5.4M−$24.4K−100.5%+9.19%
Feb 13, 2026Q2 FY26−$0.01−$0.15−987.7%$17.5M$27.6M+57.9%−7.08%
Nov 14, 2025Q1 FY26−$0.05$0.01+120.0%$14.0M$13.7M−2.0%−4.85%
Oct 2, 2025Q4 FY25−$0.02$0.08+579.9%$24.2M$12.3M−48.9%−4.17%
View details

Financial highlights

12 quartersQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$2.9M$6.5M$12.1M$13.8M$2.2M−$24.5K
Gross profit$941.3K−$43.2K$4.1M$5.9M−$770.5K−$732.7K
Operating income−$1.1M−$4.4M−$289.9K$1.9M−$6.5M−$4.2M
Net income−$655.7K−$4.3M$1.6M$719.3K−$5.5M
Diluted EPS−$0.02−$0.14$0.04$0.02−$0.15−$0.09
Gross margin31.9%-0.7%34.0%43.2%-34.5%
Operating margin-38.5%-68.3%-2.4%14.0%-291.3%

Fiscal years (4-quarter sums)FY22 $13.5M · FY23 $14.8M · FY24 $42.0M · FY25 $32.4M

Balance sheet, Mar 31, 2026Cash & short-term investments $8.2M · Total debt $56.7M · Total assets $96.9M · Shareholders' equity $20.6M

Dividends

No dividends on record.

Ownership

Institutions 1.86%Insiders

Shares outstanding 47.05M · Float

Float — provider float and free-float percent disagree.

This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.

The provider's float, free-float percent and share count do not reconcile, so the float is not shown.

Top shareholders13F · 13D/G · Form 4

HolderShares% of companyFormFiled
Covalis Capital LLP350.0K0.74%13FMay 15, 2026
Jane Street Group, LLC171.2K0.36%13FMay 12, 2026
Citadel Advisors LLC88.7K0.19%13FMay 15, 2026
TCG Advisory Services, LLC42.0K0.09%13FMay 15, 2026
Advisor Group Holdings, Inc.31.0K0.07%13FMay 15, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Peers

  • NextEra Energy

    Large-scale solar, storage and contracted-power developer-owner.

  • Brookfield Renewable

    Renewable owner-operator with solar, storage and PPA capabilities.

  • Ameresco

    Distributed solar, BESS, EPC and operating-asset provider.

Compare

CompanyPriceChange
PowerBank$0.5000−5.66%$23.5M0.8−100.3%
NextEra Energy$81.84+0.02%$170.72B18.319.95.9+12.5%
Brookfield Renewable$32.20−0.28%$4.77B1.1+29.8%
Ameresco$21.99−0.09%$1.17B42.315.50.6+9.1%
Median30.317.71.1+12.5%