SUUN · NASDAQ · Independent Power Producers

PowerBank (SUUN)

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

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PowerBank CorporationSUUN
Utilities

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

Market cap$23.5M
EPS (ttm)−$0.1771
P/E (ttm)−2.82
ROE
P/B1.15
P/S0.8446
Dividend yieldDiv yield
Beta2.70vs XLU −1.41

No analyst consensus on record.

Next report
Oct 7, 26
estimated · in 15 days
EPS estimate
$0.00
Revenue estimate
$10.1M
Fiscal quarter
Q4 FY26

EPSReportedEstimate

Nov '24Feb '25May '25Oct '25Nov '25Feb '26May '26Oct '26
Reported$0.01−$0.05−$0.16$0.08$0.01−$0.15−$0.09Pending
Estimate−$0.01$0.02$0.00−$0.05−$0.01−$0.02$0.00
Surprise−400.0%−899.1%+120.0%−987.0%−314.4%

RevenueReportedEstimate

Nov '24Feb '25May '25Oct '25Nov '25Feb '26May '26Oct '26
Reported$11.8M$4.1M$6.3M$9.1M$13.7M$27.6M−$24.4KPending
Estimate$11.4M$11.7M$17.9M$10.0M$17.5M$5.4M$10.1M
Surprise−64.1%−46.6%−48.9%+36.9%+57.9%−100.5%
Estimate$0.00
ReportedDue Oct 7, 2026
Estimate$10.1M
ReportedDue Oct 7, 2026
View details

Debt to equity274.80%
Current ratio141.30%

ProfitabilityRevenueNet incomeNet margin

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$5.7M$10.7M$2.9M$6.4M$12.0M$13.6M$2.2M−$24.2K
Net income−$6.4M−$18.8M−$648.4K−$4.3M$1.6M$711.4K−$5.5M
Net margin0.0%0.0%0.0%0.0%13.2%5.2%0.0%

GrowthOperating income

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Operating income−$1.8M$356.5K−$1.1M−$4.4M−$286.7K$1.9M−$6.4M−$4.2M
YoY growthTurned loss−12.1%Loss widenedTurned lossLoss narrowed+436.5%Loss widenedLoss narrowed

Balance sheet, Mar 31, 2026Cash & short-term investments $8.1M · Total debt $56.1M · Total assets $95.8M · Shareholders' equity $20.4M

Revenue
−$24.2K
Operating income
−$4.2M
Net income

Reported in CAD, converted at the latest exchange rate

View details

No dividends on record.

Institutions16.38%7.71M ADS
29 holders · as of Jun 30, 2026
Strategic holders8.19%3.86M ADS
1 holder · as of May 2, 2025
Other75.43%35.49M ADS
remainder

47.05M ADS as of Aug 5, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Jun 2024 annual report; nothing newer is on file here.

The share count has not been confirmed by a second filing; stakes use it as it stands.

Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.

The reported float (42.98M, 75.7% free) does not reconcile with the share count, so it is not shown.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Highbridge Capital Management LLCStrategic
8.19%3.86Mfiled May 2, 2025
Citadel Advisors LLCInstitution
7.44%3.50M ADSas of Jun 30, 2026
Davidson Kempner Capital Management LPInstitution
7.24%3.41M ADSas of Jun 30, 2026
Covalis Capital LLPInstitution
1.08%509,005 ADSas of Jun 30, 2026
TCG Advisory Services, LLCInstitution
0.10%45,000 ADSas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • NextEra Energy

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Compare

CompanyPriceChange
PowerBank$0.5000−5.66%$23.5M0.8−100.4%
NextEra Energy$79.38+0.15%$166.11B17.919.55.7+12.5%
Brookfield Renewable$30.000.00%$4.42B1.1+79.6%
Ameresco$24.22+0.04%$1.28B46.317.30.6+9.1%
Median32.118.41.1+12.5%