{"id":20612,"date":"2024-04-11T18:01:59","date_gmt":"2024-04-12T01:01:59","guid":{"rendered":"https:\/\/marketdepth.com\/?p=20612"},"modified":"2024-04-15T07:34:05","modified_gmt":"2024-04-15T14:34:05","slug":"nasdaq-confirms-this-hyper-growth-stock-with-uplisting","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/nasdaq-confirms-this-hyper-growth-stock-with-uplisting\/","title":{"rendered":"Nasdaq Confirms this Hyper-Growth Stock with Uplisting"},"content":{"rendered":"\n

After doubling revenue in 2023\u2026
Expecting to MORE THAN DOUBLE AGAIN this year, too\u2026
And announcing a MAJOR new acquisition\u2026<\/em><\/strong><\/h3>\n\n\n\n
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Find out about this growth stock below<\/h3>\n\n\n\n
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\"Solar<\/figure>\n\n\n\n

SolarBank Corporation (NASDAQ:SUUN, Cboe CA:SUNN<\/a>) just received a major market validation\u2026<\/strong><\/h3>\n\n\n\n

Disseminated on behalf of SolarBank Corporation (<\/em>NASDAQ:SUUN) Please refer to \u201cimportant Notice and Disclaimer\u201d at the end of this document for important additional information and risk factors.<\/em><\/p>\n\n\n\n

Less than one year after going public \u2013 trading on the OTC Markets in the U.S. and the Canadian Stock Exchange<\/em> \u2013 SolarBank has been uplisted to the Nasdaq Global Market in the United States and the senior Cboe Canada Exchange in Canada.
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If you\u2019ve been following along with this company\u2019s accelerating success, this comes as no surprise…
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Solarbank is on a hyper-growth trajectory.  Its sales revenues doubled in 2023\u2026 and management projects 2024 revenues could QUINTUPLE<\/em><\/strong> compared to where they were just two years ago.
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This kind of growth is often a key indicator of future success<\/strong> – that\u2019s why you should set your sights on SolarBank<\/em>.<\/p>\n\n\n\n

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\"american<\/figure>\n\n\n\n
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The Growth Story Of The Year<\/strong><\/h3>\n\n\n\n
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Just take a look at a few of SolarBank\u2019s recent press releases\u2026<\/p>\n\n\n\n

Apr. 11, 2024<\/strong> \u2013 \u201cSolarBank Completes Mechanical Construction of 21MW Honeywell Community Solar Sites\u201d
Jan. 18, 2024<\/strong> – \u201cSolarBank Executes Lease on 14 MW Ground Mount Sites in Greenville, New York\u201d
Feb. 8, 2024<\/strong> – \u201cSolarBank Executes Lease on 19 MW Ground Mount Sites in Upstate New York\u201d
Mar. 27, 2024<\/strong> – \u201cSolarBank to Acquire 3.15 MW Solar Project in Camillus, New York\u2026\u201d<\/p>\n\n\n\n

In just the first 4 months of 2024, SolarBank has announced \u2013 from leases, acquisitions, and plant completions \u2013 this represents 69.6 MW<\/strong> of potential future solar capacity.  
\u200d
But that\u2019s not all\u2026<\/em>
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Solarbank also just entered into a transaction to acquire a whopping 43.77MW \u2013 in a MAJOR acquisition…<\/strong><\/p>\n\n\n\n

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\u201cSolarbank to Acquire Solar-Flow Through Funds Ltd. in All Stock Transaction Valued at Cdn$45 Million\u201d<\/strong><\/p>\n<\/blockquote>\n\n\n\n

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SolarBank Corporation (NASDAQ:SUUN<\/a>)<\/strong> just inked a significant deal to acquire Solar-Flow Through Funds Ltd. \u2013 one that will dramatically increase its independent power producer portfolio and provide recurring revenue from long term contracts at favorable government rates.
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This bombshell acquisition adds 70 operating solar sites \u2013 totaling 28.8 megawatts of power \u2013 to SolarBank\u2019s portfolio.
 
These sites generated over Cdn$9 million in revenues<\/strong> in 2023.
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Even better? It\u2019s RECURRING revenue\u2026with favorable, long-term government contracts that will keep these revenues going into the next decade<\/strong>.
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That means SolarBank is looking at a steady stream of income for years to come.
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SolarBank CEO Dr. Richard Lu stated, \u201cThis acquisition advances our strategy of creating stakeholder value through growing our portfolio of high-quality cash-generating independent power producer assets.\u201d<\/em>
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What\u2019s more, SolarBank will also acquire a pipeline of development stage battery energy storage projects with an aggregate discharge capacity of 14.97 MW and electric vehicle charging stations as part of the transaction \u2013 both key components of the clean energy transition that could potentially offer major long-term value.
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This transaction remains subject to customary closing conditions.
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So far, SolarBank\u2019s hyper-growth story has largely gone under-the-radar.

But that\u2019s about to change\u2026<\/p>\n\n\n\n

You see, SolarBank just uplisted to the prestigious Nasdaq exchange.<\/strong>
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trading on a senior exchange like the Nasdaq is known to\u2026<\/p>\n\n\n\n

    \n
  1. Boost awareness with higher visibility on major financial sites<\/li>\n\n\n\n
  2. Increase analyst coverage with potential \u201cbuy-sell\u201d ratings that can drive momentum<\/li>\n\n\n\n
  3. Provide mainstream credibility to investors<\/li>\n\n\n\n
  4. Significantly increase liquidity<\/li>\n\n\n\n
  5. Potentially give the company access to lower cost of capital to help fuel growth.<\/li>\n<\/ol>\n\n\n\n

    PLUS, being on the Nasdaq could make the stock a more attractive option for large institutional investors and index funds<\/strong>.<\/p>\n\n\n\n

    <\/div>\n\n\n\n
    \"NASDAQ<\/figure>\n\n\n\n

    That means the new Nasdaq listing may unlock access to a significantly larger investing audience and potential access to new pools of capital.
    \u200d
    You see, institutions often have restrictions that require them to only invest in stocks on senior exchanges (i.e. the Nasdaq or NYSE).

    In fact, according to a study published in the April 2021 issue of the Financial Review, in the 60-days following a stocks\u2019 uplisting from the OTC, dollar volume increased over 80%<\/strong>, liquidity significantly improved<\/em>, and institution dollars increased a whopping 5-FOLD<\/strong>!4<\/sup>
    \u200d
    Stock performance also followed suit<\/strong> – with uplisted stocks posting superior raw and market-adjusted returns compared to the OTC control stocks.
     
    It is noted this study was a broad overview of other stocks and may not be reflective of the performance of SolarBank.
    \u200d
    But this could be just the tip of the iceberg\u2026  
    \u200d
    America is on the verge of a \u2018great energy flip<\/em>\u2019 \u2013 one that could propel SolarBank to new prominence as the drive to replace fossil fuels with clean energy sources picks up speed.<\/p>\n\n\n\n

    Pioneering a New Wave<\/h5>\n\n\n\n
    <\/div>\n\n\n\n

    Why Multiplying Revenue Growth Could Just Be The Beginning For SolarBank (NASDAQ:SUUN, Cboe CA:SUNN<\/a>)…<\/strong><\/h4>\n\n\n\n

    As I\u2019m about to explain, SolarBank is uniquely positioned to capitalize on the clean energy transition…
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    You\u2019ll see how the company provides start-to-finish solar project management…  
    \u200d
    How it\u2019s pioneering a new wave of community solar gardens\u2026

    And how Corporate America is \u201cgoing green\u201d \u2013 with companies investing BILLIONS in renewable energy, creating a massive surge for solar.
    \u200d
    But first, let me show you how governments and institutions are making their largest investment in clean energy to-date \u2013 and how that could push the demand for companies like SolarBank even higher<\/em><\/strong>.<\/em><\/p>\n\n\n\n

    <\/div>\n\n\n\n
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    \u201cWhite House Pushing for 80% Clean U.S. Power Grid by 2030\u201d<\/strong><\/p>\nCNBC6<\/sup><\/strong><\/cite><\/blockquote>\n\n\n\n

    <\/div>\n\n\n\n

    Right now, 79% of total U.S. energy production comes from fossil fuels\u2026
     
    \u2794 Thirty-six percent is petroleum based.
    \u2794 Thirty-two percent is natural gas based.  
    \u2794 And eleven percent comes from coal.
    Only an estimated 13% comes from renewable energy.<\/em><\/p>\n\n\n\n

    <\/div>\n\n\n\n

    But all that\u2019s about to change\u2026<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    \u201cWhite House Pushing for 80% Clean U.S. Power Grid by 2030\u201d<\/em><\/strong>8 – CNBC<\/sup>
    \u200d
    That means a complete FLIP of energy sources will be needed. It will require BILLIONS of dollars<\/em> in infrastructure investments.9
    \u200d<\/sup>
    In addition, not only has the White House provided a directive\u2026 they\u2019ve also provided the means<\/em> to do it.

    In fact, the White House has set aside an unprecedented $369 billion<\/strong> for clean energy. This injection of cash and tax credits is a gamechanger.<\/em>

    One of the big reasons why power-providers haven\u2019t made the switch to renewables already, is the cost. It was too expensive. With billions now available to offset those costs<\/strong>, it flips their incentives, making it not only feasible to go green, but achievable10<\/sup> and desirable.

    These funds are \u201cthe missing link<\/em>\u201d for companies to initiate change \u2013 and this funding is expected to dramatically transform America\u2019s energy landscape as we know it.<\/p>\n\n\n\n

    <\/div>\n\n\n\n

    Enter SolarBank Corporation (NASDAQ:SUUN, Cboe CA:SUNN<\/a>)<\/strong><\/h3>\n\n\n\n
    \"maksym<\/figure>\n\n\n\n

    SolarBank is a trusted solar developer, engineer, builder, and asset operator. It has an established customer base, including Fortune 100 companies like Honeywell.

    In fact, Honeywell and SolarBank have had a longstanding partnership, spanning 5 years. Most recently\u2026<\/strong><\/p>\n\n\n\n

      \n
    1. SolarBank completed two turnkey behind-the-meter solar power projects in New York state for Honeywell, where SolarBank provided start-to-finish project development, from site origination through construction completion.11<\/sup><\/li>\n\n\n\n
    2. And recently, Honeywell engaged SolarBank for three community solar power projects that were just completed in upstate New York \u2013 having a contract value of $41 million.<\/li>\n<\/ol>\n\n\n\n

      \u201cThe relationship between Honeywell and SolarBank continues to grow and these projects represent the largest to date that will be constructed by the Company for Honeywell…

      The construction of these projects helps Honeywell achieve its remediation goals and support Honeywell\u2019s ESG goals.\u201d<\/em><\/strong>

      Dr. Richard Lu, Chief Executive Officer, SolarBank Corp.<\/strong><\/p>\n\n\n\n

      This new project with Honeywell is part of a larger wave of \u201ccommunity solar gardens\u201d, developed by SolarBank.

      Community solar gardens are a concept that utilizes nearby vacant land to provide low-cost energy to neighborhoods around the nation.

      Solar gardens could help trigger a switch away from large-scale, regional power plants to small, localized renewable power production.
      \u200d
      In addition to solar gardens, SolarBank has developed dozens of behind-the-meter solar power plants.

      In fact, Solarbank-developed projects generate enough energy to rank the company as one of the top 20 solar developers in the United States<\/strong>.<\/p>\n\n\n\n

      You see, SolarBank\u2019s winning formula lies in the fact that it provides start-to-finish solar project management for its customers. From site selection to project financing to construction and asset management \u2013SolarBank efficiently<\/em> does it all, start to finish.

      This unique expertise is highly desirable for potential corporate clients as it reduces the hassle for them and increases efficiencies.

      Because as we alluded to earlier, Corporate America is going green<\/strong> which demonstrates the continuing commitment to renewable energy and net zero targets.

      In September 2019, over 1,500 Amazon employees threatened to walk out of work demanding the company reduce their environmental footprint. The strike, along with increasing consumer pressure, led Amazon CEO, Jeff Bezos, to pledge that Amazon will become carbon neutral by 2040<\/strong>.

      A couple months later, over 2,000 Google employees signed a petition urging the company to meet several sustainability demands, including a commitment to having zero carbon emissions by 2030.12<\/sup> Google succumbed to the mounting pressure and subsequently adopted a 2030 net-zero goal, making it one of Big Tech\u2019s most aggressive sustainability plans<\/strong>13<\/sup>

      \u200d<\/strong> Similarly, Apple has set a goal of net-zero for its supply chain by 2030<\/strong> AND wants to make all its products carbon neutral by the same date!14<\/sup><\/p>\n\n\n\n

      The Drive Towards Clean, Renewable Energy is Clear.<\/h5>\n\n\n\n
      \"Climate
      The companies are not clients of SolarBank but their commitment to renewable energy is important information to demonstrate that there is long term growth potential in the industry.

      The details provided about these companies\u2019 investment in, and goals with respect to, renewable energy are examples only and SolarBank does not currently provide any products or services to these companies.<\/figcaption><\/figure>\n\n\n\n

      Even the U.S. Securities and Exchange Commission (SEC) is supporting the clean energy movement.

      It proposes Environmental, Social, and Governance (ESG) disclosure rules, which could require companies to report on climate-related matters in their registration statements and annual reports. These rules are currently in draft form but if adopted, the proposal would pivot climate reporting from being largely voluntary to being standardized, reliable, and consistent for all publicly listed companies.

      That means a corporation\u2019s environmental footprint could be printed next to the company\u2019s bottom line\u2026<\/em> making their renewable energy investment even more critical.<\/p>\n\n\n\n

      Community Solar Projects Could Position SolarBank (NASDAQ:SUUN, Cboe CA:SUNN<\/a>) for Additional Growth<\/strong><\/h4>\n\n\n\n
      <\/div>\n\n\n\n

      The IRA expands access to low-cost solar energy by providing federal incentives to state and local governments to invest in community solar gardens.

      Community solar gardens are smaller-scale projects that are installed either on vacant land, or commercial rooftops. They generate electricity and feed into the local power grid.

      Depending on the size of the garden or the number of panels, dozens or even hundreds of renters or local community members can subscribe and save money from the electricity that is generated by the project.

      These gardens could become a big part of the future of energy in America<\/strong>. Twenty-two states and Washington D.C. have implemented policies that support community solar gardens. While projects are active in 39 states, Washington D.C. and Puerto Rico.19<\/sup>

      SolarBank expects this to be a growth opportunity and is establishing itself as a leader in this space.  The company has already developed projects in New York \u2013 which serve more than 4,000 community solar subscribers \u2013 with plans for more in the coming years.

      Listen, America is at the precipice of a major change to its energy landscape. And companies like SolarBank Corporation (      NASDAQ:SUUN, Cboe CA:SUNN<\/a>)<\/strong> could benefit immensely<\/em><\/strong>.

      So if you\u2019re looking for an opportunity that is part of \u201cThe Great Energy Flip\u201d, you may want to consider reviewing SolarBank Corporation (      NASDAQ:SUUN, Cboe CA:SUNN<\/a>)<\/strong> more closely.<\/p>\n\n\n\n

        \n
      1. For one, the demand for solar energy has never been greater\u2026<\/li>\n\n\n\n
      2. Two, corporations are committing large amounts of money to go green\u2026<\/li>\n\n\n\n
      3. Three, the Inflation Reduction Act promises the U.S. Government\u2019s largest investment in clean energy ever\u2026<\/li>\n\n\n\n
      4. And four, The White House is looking to mandate 80% of U.S. electricity to be clean energy by 2030 \u2013 a complete flip from the 13% it provides today<\/em>.<\/li>\n<\/ol>\n\n\n\n

        Solar will play a key role in meeting that goal and companies like SolarBank Corporation (NASDAQ:SUUN, Cboe CA:SUNN<\/a>) could be beneficiaries.<\/strong><\/p>\n\n\n\n

        Top Reasons to Consider Investing in SolarBank Corporation<\/strong><\/h2>\n\n\n\n
          \n
        1. SolarBank is on a hyper-growth trajectory. The company\u2019s sales doubled in 2023, and management projects 2024 revenues could more than double again too.  That means that if 2024 revenue guidance is achieved, revenues will have grown by up to 500% from two years ago. Recent announcements, including a new acquisition valued at Cdn$45 million, confirm SolarBank\u2019s growth shows no signs of slowing down.<\/li>\n\n\n\n
        2. Uplisted to the Nasdaq Global Market. Less than one year after going public on the OTC Market, SolarBank has uplisted to the prestigious Nasdaq Global Market. Trading on a senior exchange, like the Nasdaq, can have a significant impact \u2013 it can increase trading volume, liquidity, and awareness.  It can also make the stock more attractive to institutional investors and index funds.<\/li>\n\n\n\n
        3. Renewable energy is one solution to America\u2019s increased energy costs. SolarBank Corporation is positioned to help solve America\u2019s increased energy cost, building community solar gardens and helping corporations meet their clean energy goals. Solar is one of the few major energy sources that\u2019s actually declined in cost (85% since 2010), and is now cheaper than gas power (by 33%) \u2013 making it the smart, cost-effective solution to higher utility bills.<\/li>\n\n\n\n
        4. A Future Market Projected To Hit $607 Billion. The solar energy market is expected to more than triple its current size by 2032 and could exceed $607 billion in the next eight years. SolarBank Corporation is aiming to capture a share of this market.<\/li>\n\n\n\n
        5. The Inflation Reduction Act is supporting the industry. America has made its largest federal investment in clean energy\u2026 ever! The Government has set aside $369 billion for clean energy. The individual, corporate, and state & local government incentives have never been greater to invest in solar.<\/li>\n\n\n\n
        6. Corporate America is going green. Corporate demand for solar has increased! Pressure is mounting for Corporate America to \u201cgo green\u201d, and many companies have made commitments to be net-zero in the coming years.<\/li>\n<\/ol>\n\n\n\n

          However, you should be aware that there are risks to the business of SolarBank Corporation (NASDAQ:SUUN, Cboe CA:SUNN<\/a>).<\/strong><\/h3>\n\n\n\n