Utilities · Renewable Utilities
Price
$0.80
Market Cap
$28.2M
Employees
18
Beta
-12.75
Avg Volume
1,472,434
CEO
Richard Lu
Business Description
PowerBank Corporation operates as an independent renewable and clean energy project developer, power producer, and asset operator in Canada and the United States. The company operates through Development & EPC, IPP Production and Other segments. It focuses on solar photovoltaic power generation projects, battery energy storage systems, and EV-charging projects, grid connected solar PV electricity power plants and battery energy storage system. The company provides expertise in the areas of site origination, utility grid interconnection, permitting, financing, engineering, procurement and construction, operation and maintenance, independent power producer facilities, and asset management of solar photovoltaic power plants to the renewable and clean energy industry. In addition, it develops solar projects that sells electricity to commercial, industrial, municipal, residential, and utility off-takers sectors. The company was formerly known as SolarBank Corporation and changed its name to PowerBank Corporation in July 2025. PowerBank Corporation was incorporated in 2013 and is headquartered in Toronto, Canada.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.83
Stock Price: $0.80
EPS (Diluted): -0.97
EPS (Diluted): -0.97
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
3.46
Stock Price: $0.80
Total Equity: $19.24M
Shares: 32,197,331
Total Equity: $19.24M
Shares: 32,197,331
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-31.40
Market Cap: $28.20M
Total Debt: $67.69M
Cash: $7.62M
EBITDA: -$4.28M
Total Debt: $67.69M
Cash: $7.62M
EBITDA: -$4.28M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$134.3M
Market Cap: $28.20M
Total Debt: $67.69M
Cash: $7.62M
Total Debt: $67.69M
Cash: $7.62M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
1.60
Stock Price: $0.80
Revenue: $41.53M
Shares: 32,197,331
Revenue: $41.53M
Shares: 32,197,331
EV/Sales (Total value vs revenue — works when P/E can't)
API3.23
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
21.7%
Gross Profit: $9.01M
Revenue: $41.53M
Revenue: $41.53M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-20.3%
Operating Income: -$8.44M
Revenue: $41.53M
Revenue: $41.53M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-74.7%
Net Income: -$31.04M
Revenue: $41.53M
Revenue: $41.53M
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
-161.3%
Net Income: -$31.04M
Total Equity: $19.24M
Total Equity: $19.24M
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
-9.4%
Operating Income: -$8.44M
Tax Rate: 11.9%
Equity: $19.24M
Total Debt: $67.69M
Cash: $7.62M
Tax Rate: 11.9%
Equity: $19.24M
Total Debt: $67.69M
Cash: $7.62M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.96
Current Assets: $41.32M
Current Liabilities: $43.11M
Current Liabilities: $43.11M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
3.52
Short-Term Debt: $13.90M
Long-Term Debt: $53.79M
Total Debt: $67.69M
Total Equity: $19.24M
Long-Term Debt: $53.79M
Total Debt: $67.69M
Total Equity: $19.24M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$1.29
Revenue: $41.53M
Shares: 32,197,331
Shares: 32,197,331
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$0.60
Total Equity: $19.24M
Shares: 32,197,331
Shares: 32,197,331
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.79
Operating CF: -$17.26M
CapEx: -$8.26M
Shares: 32,197,331
CapEx: -$8.26M
Shares: 32,197,331
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $0.80
Stock Price: $0.80
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$31.04M
Net Income: -$31.04M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares SUUN against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 7:29am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $7.3M | $18.4M | $18.4M | $58.4M | $41.5M |
| Cost of Revenue | $4.8M | $13.9M | $13.9M | $46.7M | $32.5M |
| Gross Profit | $2.5M | $4.5M | $4.5M | $11.7M | $9.0M |
| Operating Expenses | $2.6M | $7.1M | $7.2M | $12.0M | $17.5M |
| Operating Income | $-58,182 | -$2.6M | -$2.7M | $-317,607 | -$8.4M |
| Net Income | $-132,033 | $2.2M | $2.2M | -$3.5M | -$31.0M |
| EBITDA | $-58,182 | $3.2M | $3.2M | $63,753 | -$4.3M |
| EPS | $-0.01 | $0.08 | $0.08 | $-0.13 | $-0.97 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 7:29am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.4M | $931,977 | $749,427 | $5.3M | $7.6M |
| Total Current Assets | $10.3M | $9.0M | $22.0M | $17.6M | $41.3M |
| Total Assets | $10.3M | $9.2M | $25.0M | $39.2M | $138.4M |
| Current Liabilities | $4.7M | $3.4M | $7.1M | $13.4M | $43.1M |
| Long-Term Debt | $1.0M | $1.2M | $759,259 | $4.4M | $53.8M |
| Total Liabilities | $5.9M | $4.8M | $8.3M | $20.5M | $118.6M |
| Total Equity | $4.5M | $4.5M | $16.4M | $16.4M | $19.2M |
| Retained Earnings | $4.6M | $4.4M | $6.7M | $3.2M | -$27.8M |
Cash Flow (Annual)
Last updated: Jun 24, 2026 7:29am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$2.7M | $171,212 | $2.4M | $8.5M | -$17.3M |
| Capital Expenditure | $-3,194 | $-10,970 | -$1.1M | -$7.7M | -$8.3M |
| Free Cash Flow | -$2.7M | $160,242 | $1.3M | $753,426 | -$25.5M |
| Acquisitions (net) | $0 | $0 | $0 | $-94,354 | $9.9M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $-302,124 | $-468,096 | $-182,550 | $4.5M | $2.4M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 10:37am (23h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$53.1M $46.4M – $59.9M
|
$74.5M $65.1M – $83.9M
|
$132.4M $115.7M – $149.2M
|
$171.1M $149.4M – $192.8M
|
| EBITDA |
$2.6M $2.3M – $2.9M
|
$3.6M $3.2M – $4.1M
|
$6.4M $5.6M – $7.2M
|
$8.3M $7.3M – $9.4M
|
| Net Income |
$1.0M $864,795 – $1.2M
|
$4.7M $3.9M – $5.5M
|
$13.8M $11.5M – $16.1M
|
$21.2M $17.7M – $24.6M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 7:29am (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +150.3% | +0.1% | +217.3% | -28.9% |
| Gross Profit Growth | +78.4% | +1.2% | +157.4% | -22.8% |
| Operating Income Growth | -4,322.5% | -4.0% | +88.1% | -2,556.1% |
| Net Income Growth | +1,797.0% | +0.1% | -254.9% | -793.6% |
| EBITDA Growth | +5,669.5% | +0.1% | -98.0% | -6,810.3% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for SUUN — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30