H.C. Wainwright analyst Amit Dayal has maintained their bullish stance on SUNN stock, giving a Buy rating on May 16.
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Amit Dayal has given his Buy rating due to a combination of factors that highlight Solarbank Corp.’s potential for long-term growth. Despite the weaker financial results in F3Q25, attributed to seasonal challenges and policy uncertainties, the company has shown strong prospects in its Independent Power Producer (IPP) segment. The recent agreement with CIM Group for up to $100 million in project-based financing is expected to bolster Solarbank’s portfolio of solar projects, which could significantly contribute to future revenue growth.
Dayal anticipates that the IPP segment could account for over half of the company’s revenues in the coming years, driven by strong demand for electricity in the U.S. and the company’s strategic focus on community solar projects. Although short-term financial performance may fluctuate due to macroeconomic uncertainties, Dayal projects substantial revenue growth in the next few years, with improving gross margins. The price target of $6.00 reflects confidence in the company’s long-term strategy, despite risks such as dilution, execution, and regulatory challenges.
In another report released on May 16, Alliance Global Partners also reiterated a Buy rating on the stock with a $4.75 price target.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SUNN in relation to earlier this year.