How to Buy Solarbank Stock
Solarbank Corp
SolarBank Corporation operates as an independent renewable and clean energy project developer, power producer, and asset operator in Canada and the United States.
Solarbank stock last closed at $2.16, down 6.09% from the previous day, and has decreased 63.88% in one year. It has underperformed other stocks in the Utilities - Renewable industry by 0.92 percentage points. Solarbank stock is currently +10.77% from its 52-week low of $1.95, and -68.56% from its 52-week high of $6.87.
There are currently 31.07M SUUN shares outstanding. The market cap of SUUN is $67.11M. In the past 24 hours, 71,234 SUUN shares were traded.
How to Buy Solarbank Stock
Not sure how to invest in Solarbank stock? Here's how.
- Choose where to buy Solarbank stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Solarbank stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your payment method and add your details.
- Evaluate Solarbank stock: The Solarbank ticker symbol is SUUN. Is Solarbank stock a good investment? Should you buy shares of SUUN? How do SUUN's underlying business fundamentals look? Do top analysts think Solarbank is a good buy? Why has SUUN's stock price moved recently? (Hint: Our stock analysis website can help you figure out if SUUN is a good stock to buy).
- Execute your SUUN trade: Decide if you will purchase SUUN shares at the current market price or use a limit order to purchase SUUN stock at a given price.
- Get notifications regarding your investment in SUUN: Create a watchlist to watch your new investment in Solarbank stock.
Step 1: Choose where to buy Solarbank stock
You will need a brokerage account in order to access the NASDAQ market and buy SUUN shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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- Social investing: eToro has a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by opening an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal info so you can invest in SUUN stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new trading account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have opened your account on the stock trading app, you need to deposit funds:
Watch the walkthrough below to see the process of depositing money into your investment account.
Step 4: Evaluate Solarbank stock
Once you have figured out the best place to buy Solarbank stock, it's very important to research their stock before you invest, so you can wrap your head around the risk and upside.
Solarbank stock quick numbers
Solarbank Due Diligence Checks
WallStreetZen was designed to help average investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on SUUN's stock page.
Is SUUN stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SUUN's true value.
Using relative valuations measures:
- SUUN could be undervalued based on its P/B ratio of 2.08x, relative to Utilities - Renewable industry P/B ratio of 4.07x
You can do more valuation analysis on SUUN's stock here.
Is SUUN a healthy company?
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the SUUN balance sheet.
- SUUN has $10.26M in cash and short term investments. This is not sufficient to cover its annual cash burn of $18.01M.
- SUUN profit margin has gone down from 10.3% to -11.4% in the past year.
- SUUN has a relatively high debt to equity ratio of 2.64.
- There are more short-term liabilities than short-term assets on the SUUN balance sheet.
- SUUN has cash burn of 18012209. It does not have enough cash and short-term investments to cover this.
Is Solarbank stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 Wall Street analysts who give forecasts on SUUN, the consensus analyst rating on SUUN is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Solarbank stock forecast page.
Metrics for Advanced SUUN Traders
How is SUUN performing as a company?
Last year, SUUN revenue was $36.22M. Over the past 1 years, SUUN's revenue has gone up by 32.78% per year. This was faster than the Utilities - Renewable industry average of 23.38%.
Learn more about SUUN's earnings and revenue performance here.
What are SUUN executives and large shareholders up to?
In the last 12 months, insiders at SUUN have not bought or sold any shares.
Dig into more about who owns SUUN stock here.
Does SUUN provide a stable income stream?
No, Solarbank doesn't provide an income stream by paying out dividends.
What others are saying about SUUN
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your SUUN trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, use a limit order.
Click the Open button and eToro will place your order.
If you want additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your investment in SUUN
Now that you own some SUUN shares, you'll want to stay up-to-date on your investment.
Start a watchlist to keep track of your SUUN stock.
SUUN Feed
How to Buy Stock in Solarbank
To summarize, here are the 6 steps for buying Solarbank stock:
- Choose where to buy Solarbank stock
- Create your brokerage account
- Deposit funds into your investment account
- Evaluate Solarbank stock
- Execute your SUUN trade
- Get notifications regarding your investment in SUUN
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Solarbank, click the button below.
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