SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada ...
PowerBank Corporation (Nasdaq-listed under SUUN in the provided data) is a renewable energy company built around the development and ownership of distributed power assets—primarily solar, with battery storage integrated to support firming and grid/resource needs. The company’s business model centers on identifying, developing, and building solar and energy storage projects, ...PowerBank Corporation (Nasdaq-listed under SUUN in the provided data) is a renewable energy company built around the development and ownership of distributed power assets—primarily solar, with battery storage integrated to support firming and grid/resource needs. The company’s business model centers on identifying, developing, and building solar and energy storage projects, then securing electricity sales through contracts with utilities and other commercial, industrial, municipal, and residential off-takers.
From a product and services perspective, PowerBank operates as a vertically oriented clean energy project developer and owner/operator. Rather than simply providing consulting services, it is positioned to bring projects through development (including site selection and interconnection planning), then construct and manage renewable generation facilities. The company’s description indicates a development pipeline of over one gigawatt potential, with an existing operating footprint totaling over 70 megawatts of renewable capacity (solar and related clean energy projects).
Strategically, the company frames its mission as serving a growing demand for reliable power in North America, including load needs associated with the digital economy. The incorporation of battery storage reflects an emphasis on increasing dispatchability and improving the usefulness of intermittent solar generation. Operationally, this requires project development capabilities across regulatory and interconnection environments in Canada and the USA, plus ongoing asset management for generation assets and storage systems.
In terms of cost and BOM (bill of materials), while specific component-level figures are not provided in the source data, typical project economics for solar-plus-storage involve major cost drivers such as PV modules, inverters/power electronics, mounting/structural systems, batteries (cells/modules), balance-of-system components, and grid interconnection infrastructure. The company’s integrated approach suggests it aims to manage these costs through standardized procurement and repeatable project development workflows.
Financially, the provided market snapshot shows a market capitalization around $23.5M and multiple valuation/efficiency metrics, with negative margins and negative free cash flow measures on a TTM basis (e.g., negative net profit margin and free cash flow to equity/firm). This pattern is consistent with early-stage or ramping project development/asset construction dynamics, where capital expenditures and financing costs can pressure profitability until operating cash flows scale.
Key people: Richard Lu is listed as CEO, and additional provided context describes him as the company’s CEO/founder figure. PowerBank was founded in 2013 and is headquartered in Toronto, Ontario, Canada.
Overall, PowerBank’s “wishes” or forward-looking intent implied by the provided information is to continue expanding its distributed renewable and storage footprint—growing a pipeline of new projects while leveraging its platform to support power demand trends across Canada and the United States.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$41.5M
-28.9%
-101.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-31.0M
-793.6%
+28.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+21.7%
+8.5%
+8749.9%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-20.3%
-3633.5%
+6033.0%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-74.7%
-1156.0%
+6575.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-25.5M
-3486.5%
-711.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-61.4%
-4860.2%
+55553.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
391.7%
+780.7%
-15.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.96x
-27.2%
+23.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
