SolarBank Corp reports results for the quarter ended December 31 - Earnings Summary

Reuters

Feb 19, 2025

SolarBank Corp reports results for the quarter ended December 31 - Earnings Summary

SolarBank Corp SUNN.NLB reported a quarterly adjusted loss of 3 cents per share for the quarter ended December 31. The lone analyst forecast for the quarter was for a loss of 2 cents per share.
Revenue was C$4.10 million; analysts expected C$16.44 million.
SolarBank Corp shares had risen by 169.3% this quarter.

FORECAST CHANGES

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The average consensus recommendation for the renewable energy equipment & services peer group is also "buy"

Wall Street's median 12-month price target for SolarBank Corp is C$6.00

This summary was machine generated from LSEG data February 18 at 10:01 p.m. UTC. All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING	ESTIMATE	ACTUAL	BEAT, MET, MISSED
Dec. 31 2024	-0.02	-0.03	Missed

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The lone analyst forecast for the quarter was for a loss of 2 cents per share. </p></li><li><p>Revenue was C$4.10 million; analysts expected C$16.44 million. </p></li><li><p>SolarBank Corp shares had risen by 169.3% this quarter.</p></li></ul><p>FORECAST CHANGES</p><ul><li><p>In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.</p></li></ul><p>RECOMMENDATIONS</p><ul><li><p>The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 3 \"strong buy\" or \"buy,\" no \"hold\" and no \"sell\" or \"strong sell.\" </p></li><li><p>The average consensus recommendation for the renewable energy equipment &amp; services peer group is also \"buy\"</p></li></ul><p>Wall Street's median 12-month price target for SolarBank Corp is C$6.00 </p><p>This summary was machine generated from LSEG data February 18 at 10:01 p.m. UTC. All figures in Canadian dollars unless otherwise stated. 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SolarBank Corp shares had risen by 169.3% this quarter.FORECAST CHANGESIn the last 30 days, there have been no earnings estimate revisions by analysts covering the company.RECOMMENDATIONSThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 3 \"strong buy\" or \"buy,\" no \"hold\" and no \"sell\" or \"strong sell.\" The average consensus recommendation for the renewable energy equipment & services peer group is also \"buy\"Wall Street's median 12-month price target for SolarBank Corp is C$6.00 This summary was machine generated from LSEG data February 18 at 10:01 p.m. UTC. All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. 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