About SolarBank
SolarBank is a publicly listed company based in Toronto (Canada) founded in 2013. Utility-scale solar power farms are developed by SolarBank. SolarBank has completed 1 acquisition, including Solar Flow. Its chief executive, as recorded, is Richard Lu. SolarBank offers products and services including Solar Project Development and Solar Plant Operation. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its legal entity is SolarBank Corporation. Its competitors include Jade Power, Baseload Power and Saturn Power; 1 of its 3 listed competitors has raised funding.
Company details
SolarBank was founded in 2013 and is headquartered in Toronto, Canada. Operations are centered in the renewable energy sector, with a focus on the development of utility-scale solar power farms. Projects are managed to support large-scale solar energy production. The company is led by CEO Richard Lu, and its online presence is maintained through solarbankcorp.com. Activities are conducted primarily in North America.
- Headquarters Toronto, Canada
- Stage Public
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website solarbankcorp.com
- Social LinkedIn
- Legal Name Powerbank Corporation
- Annual Revenue$30.37 M (USD)-28.86as on Jun 30, 2025
- Net Profit-$22.7 M (USD)-793.56as on Jun 30, 2025
- EBITDA-$2.65 M (USD)-173.69as on Jun 30, 2025
- Investments & Acquisitions
Products & Services of SolarBank
SolarBank offers a comprehensive portfolio of products and services, including Solar Project Development and Solar Plant Operation.
Develops solar projects for commercial and utility sectors
Operates and maintains solar facilities for optimal performance
People of SolarBank
1 people are tracked at SolarBank (1 in leadership).
| Name | Role | Group |
|---|---|---|
Richard Lu | CEO | Leadership |
Complete people profiles for SolarBank
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IPO & Listings of SolarBank
SolarBank is a publicly listed company on the NEO with ticker symbol SUNN in Canada, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date24 Mar 2023
- Listed onFRA: GY2
- Listed entityPowerBank Corporation
- Exchange sectorUtilities
- ISINCA73933V1004
- Share price0.94 CAD · 2026-05-11
- Market capitalisation261,232,255.00 CAD
- EPS (diluted, trailing year)-0.33 CAD
- Volume (last session)12,500
- Analyst consensusStrong sell
Financials of SolarBank
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 41.5M CAD | -31.0M CAD | -3.6M CAD |
Detailed financial statements for SolarBank
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Investments & Acquisitions by SolarBank
SolarBank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Solar Flow.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Solar PV projects are developed and operated in Ontario. | solarflowthrough.com | Vancouver, Canada | 2012 | Mar 2024 | •••• |
Complete acquisition details for SolarBank
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Timeline of SolarBank
3 dated milestones of SolarBank across 11 years, from founding to its latest funding, stage changes and deals.
- Founded SolarBank is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Solar Flow.
Competitors of SolarBank
SolarBank has 3 listed competitors in our database, 1 of them funded. They include Jade Power, Baseload Power and Saturn Power.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jadepower.com | 2014 | Toronto, Canada | 3 | Solar and wind energy projects are developed in renewable sector. | ||
| baseloadpower.ca | 2014 | Toronto, Canada | $6.78M | Company focused on developing and delivering clean energy solutions through various projects | ||
| saturnpower.com | 2007 | Ottawa, Canada | Solar energy projects are developed by Saturn Power in Canada. |
Detailed competitors of SolarBank
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Web traffic of SolarBank
Websites that share an audience with SolarBank (solarbankcorp.com).
Websites whose visitors overlap most with SolarBank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| pacificgreen.com | 100% | 9.3K | #2,643,206 | View details | |
| powerfactors.com | 95% | 8.4K | #2,745,585 | View details |
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Related news about Solarbank
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Frequently Asked Questions about SolarBank
SolarBank was founded in 2013.
SolarBank is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Richard Lu is the CEO of SolarBank, as recorded in our data.
Annual revenue of SolarBank is $30.37M as on Jun 30, 2025.
SolarBank was founded in 2013 and is headquartered in Toronto, Canada. Operations are centered in the renewable energy sector, with a focus on the development of utility-scale solar power farms. Projects are managed to support large-scale solar energy production. The company is led by CEO Richard Lu, and its online presence is maintained through solarbankcorp.com. Activities are conducted primarily in North America.
SolarBank's top competitors include Jade Power, Saturn Power and Baseload Power.
SolarBank offers Solar Project Development and Solar Plant Operation.
Yes, SolarBank is publicly traded on NEO under the ticker symbol SUNN.
SolarBank has made 1 acquisition, including Solar Flow.
SolarBank operates through Solarbank Corporation.