SolarBank Corp

Earnings data Q1 2025

Earnings data Q2 2025

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

SolarBank Corp. engages in the development and operation of solar photovoltaic power generation projects in the province of Ontario and New York state. It is involved in permitting, designing, and building behind-the-meter (BTM) solar power generation and transmission; and distribution electricity grid connected community solar gardens and utility scale solar farms. The company was founded by Richard Lü on September 23, 2013 and is headquartered in Toronto, Canada.

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 23, 2024 to its short form base shelf prospectus dated May 2, 2023 TORONTO , Nov. 27, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce its subsidiary has secured project financing in the form of a loan ("Loan") in a principal amount of $3 million from RE Royalties Ltd. (the "Lender").

SolarBank BESS Subsidiary Secures Project Financing

All amounts in Canadian dollars unless otherwise stated. VANCOUVER, BC / ACCESSWIRE / November 27, 2024 / RE Royalties Ltd.

RE Royalties Enters into Loan and Royalty Agreement with SolarBank Corporation for CAD $3.0 Million

Over 540 Homes Expected to be Powered by this Community Solar Project TORONTO , Nov. 21, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce its plans to develop a 4.6 MW DC ground-mount solar power project known as the Stone Church project (the "Project") on a site located in Seneca County, New York. With a secured site lease and interconnection study underway, the Project is another key addition to SolarBank's expanding development pipeline—which exceeds one gigawatt—as well as the Company's commitment to advancing community solar.

4.6-Megawatt Solar Project in Development by SolarBank in New York

108% increase in revenues to $16.0 million of revenue for the quarter compared to $7.7 million in Q1 2024 361% growth in assets to $181.0 million following Solar Flow-Through Funds Ltd. Acquisition This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 23, 2024 to its short form base shelf prospectus dated May 2, 2023 TORONTO , Nov. 14, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (CBOE CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") reports first quarter fiscal 2025 interim financial results.

SolarBank Announces First Quarter Results

TORONTO , Nov. 13, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") reminds investors that it intends to release its quarterly financial results for the quarter ended September 30, 2024 after close of the Nasdaq market on Thursday, November 14, 2024, and will be hosting a webinar to provide a business update and discuss the quarterly results the same day. You are invited to a webinar When: November 14, 2024 04:30 PM Eastern Time (US and Canada) Topic: SolarBank Corporation – Quarterly Earnings Release & Management Update Register in advance for this webinar: https://events.teams.microsoft.com/event/5c8f3799-f6e0-4f7f-b881-6d6015e2044a@f90ea049-87a1-4082-95af-7e4e24c02cb4 After registering, you will receive a confirmation email containing information about joining the webinar.

SolarBank to Host Earnings Call this Thursday, November 14, 2024

TORONTO , Nov. 11, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announces that it intends to release its quarterly financial results for the quarter ended September 30, 2024 after close of the Nasdaq market on Thursday, November 14, 2024 and will be hosting a webinar to provide a business update and discuss the quarterly results the same day. You are invited to a webinar When: November 14, 2024 04:30 PM Eastern Time (US and Canada) Topic: SolarBank Corporation – Quarterly Earnings Release & Management Update Register in advance for this webinar: https://events.teams.microsoft.com/event/5c8f3799-f6e0-4f7f-b881-6d6015e2044a@f90ea049-87a1-4082-95af-7e4e24c02cb4 After registering, you will receive a confirmation email containing information about joining the webinar.

SolarBank Confirms Quarterly Financial Results Release Date and Earnings Call

TORONTO , Nov. 7, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN; Cboe CA: SUNN , FSE: GY2) ("SolarBank" or the "Company"), a leading provider of renewable energy solutions, announces its strategic expansion into the rapidly growing data center market. In alignment with its commitment to harnessing clean energy technologies, SolarBank intends to pursue opportunities as a developer, owner, and strategic partner in data center infrastructure, supporting the demand for high-performance, sustainable energy solutions within the sector.

SolarBank Expands into the projected $395 Billion Data Center Market as Developer and Strategic Partner

290 Homes Expected to be Powered by this Community Solar Project TORONTO , Nov. 5, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN; Cboe CA: SUNN , FSE: GY2) ("SolarBank" or the "Company") is pleased to announce its plans to develop a 3.1 MW DC ground-mount solar power project known as the West Petpeswick project (the "Project") on a site located in Nova Scotia. The Project is a key addition to the Company's expanding portfolio of community solar initiatives in Nova Scotia, where plans are underway to develop an additional 31 MW of solar projects in the province.

3.1-Megawatt Solar Project in Development by SolarBank in Nova Scotia

Over 850 Homes Expected to be Powered by this Community Solar Project TORONTO , Oct. 29, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce its plans to develop a 7.2 MW DC ground-mount solar power project known as the North Main project (the "Project") on a site located in Wyoming County, New York. With a secured site lease and interconnection study underway, the Project is another key part of SolarBank's expanding development pipeline—which exceeds one gigawatt—as well as the Company's commitment to advancing community solar.

7.2-Megawatt Solar Project in Development by SolarBank in New York

Presentation on Tuesday, October 29th at 4:00 PM PT Toronto, Ontario--(Newsfile Corp. - October 21, 2024) - SolarBank Corporation (Cboe CA: SUNN) (NASDAQ: SUUN), an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA, announced today that it will be presenting at the 17th annual Main Event on Tuesday, October 29th at 4:00 PM PT at the Luxe Sunset Boulevard Hotel. Dr. Richard Lu, CEO, will be representing the company.

SolarBank Corporation Announces Participation in the LD Micro Main Event XVII

24.8 MW of Projects Expected in the Near Term 820 Homes Expected to be Powered by this Project SolarBank's First Community Solar Project in Pennsylvania TORONTO , Oct. 14, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is excited to announce its plans to develop a 7 MW DC ground-mount solar power project known as the Stauffer project (the "Project") on a site located in Lancaster County, Pennsylvania. This Project is in addition to the 13.8 MW DC project announced last week, both of which are part of a set of projects expected to total 24.8 MW DC in size.

7-Megawatt Solar Project in Development by SolarBank in Pennsylvania

Over 430 Homes Expected to be Powered by this Community Solar Project TORONTO , Oct. 10, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce its plans to develop a 3.7 MW DC ground-mount solar power project known as the Congress project (the "Project") on a site located in Seneca County, New York. With a secured site lease and interconnection study underway, the Project is another key part of SolarBank's expanding development pipeline—which exceeds one gigawatt—as well as the Company's commitment to advancing community solar.

3.7-Megawatt Solar Project in Development by SolarBank in New York

24.8 MW of Projects Expected in the Near Term 1,630 Homes Expected to be Powered by this Project SolarBank's First Community Solar Project in Pennsylvania TORONTO , Oct. 8, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is excited to announce its plans to develop a 13.8 MW DC ground-mount solar power project known as the Grandview project (the "Project") on a site located in Lancaster County, Pennsylvania. The Project is part of a three-project plan totalling 24.8 MW DC.

13.8-Megawatt Solar Project in Development by SolarBank in Pennsylvania

Community Solar Site Expected to Serve Over 340 Homes Upon Completion TORONTO, Oct. 4, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce its plans to develop a 2.9 MW DC ground-mount solar power project known as the Silver Springs project (the "Project") on a site located in Gainesville, New York. With a secured site lease and interconnection study underway, the Project is another key addition to SolarBank's expanding development pipeline and presence in the region.

2.9-Megawatt Solar Project in Development by SolarBank in Gainesville, New York

$7.4 billion USD in commercial real estate managed by Fiera Real Estate, SolarBank anticipates future projects 1.4-Megawatt rooftop project is being built as pilot project Construction expected to reach completion in November 2024 TORONTO , Oct. 1, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announces that it is nearing completion of construction on a 1.4 MW DC rooftop solar project located in Calgary, Alberta (the "Project") for Fiera Real Estate Investments Limited ("Fiera Real Estate"). Contributing to Fiera Real Estate's commitment to its Net Zero Pathway where two of its funds have established targets of Net Zero Carbon by 2040as well as the further expansion of the SolarBank portfolio, the Project is expected to become operational in November 2024 as a small-scale generator in the Alberta Interconnected Electric System (AIES).

SolarBank's First Solar Project Under Development for Fiera Real Estate Nears Completion

217% increase in revenues to $58. 4  million of revenue for the fiscal year 2024 compared to $18.4 million in fiscal year 2023 This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 23, 2024 to its short form base shelf prospectus dated May 2, 2023 TORONTO , Sept.

SolarBank Announces Fiscal Year End Results

SolarBank to be turnkey developer, asset manager and operations and maintenance provider for EV projects Strategic partnership with AI Renewable Fund to support clean transportation and further diversification of SolarBank's portfolio Results of application expected by January 2025 TORONTO , Sept. 26, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce that it has submitted $1.5 million in grant applications for three fast electric vehicle (EV) charger projects (the "Projects") located in Ontario, Canada.

$1.5 Million Grant Applications to Develop Fast EV Charger Projects Submitted by SolarBank in Partnership with AI Renewable Fund and First Nation

Premier growth conference for companies and investors Conference to be held in the Sheraton Centre Toronto Hotel – Dominion Ballroom, 123 Queen St W., Toronto, Canada SolarBank CEO Dr. Richard Lu to speak at 4:05 - 4:55pm EDT TORONTO , Sept.

SolarBank to Present at Premier Growth Conference This Week - Arcstone Kingswood Growth Summit 2024

Second new community solar project announced this week in addition to 5.4 MW project announced yesterday. Expected to operate as a community solar site, selling credits to subscribers.

7.00 MW Solar Project Under Development by SolarBank in Middletown, New York

Expected to operate as a community solar site, selling credits to subscribers. Over 640 homes expected to be provided green energy once operational.

5.4 MW Solar Project Under Development by SolarBank in Broome County, New York

TORONTO , Sept. 20, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announces that it intends to release its annual financial results for the year ended June 30, 2024 after close of the Nasdaq market on Monday, September 30, 2024 and will be hosting a webinar to provide a business update and discuss the annual results the same day.

SolarBank Confirms Annual Financial Results Release Date and Earnings Call

Expected to operate as a community solar site, selling credits to subscribers. Over 800 homes expected to be provided green energy once operational Eligible to participate in the NYSUN program to receive NYSERDA incentives.

6.41 MW Solar Project Under Development by SolarBank in East Bloomfield, New York

Expected to operate as a community solar site, selling credits to subscribers. Over 800 homes expected to be provided green energy once operational.

7.00 MW Solar Project Under Development by SolarBank in Clay, New York

USD$7.0 billion of commercial real estate managed by Fiera Real Estate The project represents SolarBank's first construction project for Fiera, with more expected in the future TORONTO , July 25, 2024 /PRNewswire/ - SolarBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is ‎pleased to announce that it has advanced construction on the 1.4 MW DC rooftop solar project for Fiera Real Estate ("Fiera") in Alberta (the "Project") as a pilot project. This Project is expected to operate as a "Small Scale Generator".

Fiera Real Estate Rooftop Solar Project in Alberta Under Construction by SolarBank Advances

Project is intended to be part of SolarBank's growing independent power producer assets portfolio – which is presently 50.76 MW combined capacity of (32 MW operating and 18.76 MW under construction) Expected to operate as a community solar site, selling credits to subscribers. 360 homes expected to be provided green energy once operational Eligible to participate in the NYSUN program to receive NYSERDA incentives.

News for SolarBank Corp Stock (SUUN)