SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Reports 395% Asset Growth in Current Fiscal Year

Austin, Texas, United States, May 28th, 2025, FinanceWire

Disseminated on behalf of SolarBank Corporation

• Total assets rose to $194 million as of March 31, 2025, as compared to the end of the last fiscal year, following a key acquisition.
• Revenue from the company’s independent power producer segment grew from $0.3 million to $6.6 million.
• This reflects the company’s focus on long-term income-generating assets, versus short-term engineering, procurement, and construction/project sales.
• During the third quarter, SolarBank executed several operational milestones that align with this longer-term focus.

SolarBank SUUN (Cboe CA: SUNN) GY, a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., posted fiscal third-quarter results reflecting a sharp increase in total assets with a notable shift in its revenue model.

The company reported a 395% increase in assets, rising from $39.2 million as of June 30, 2024, to $194 million by March 31, 2025. This jump was primarily driven by the acquisition of Solar Flow-Through Funds Ltd., a strategic move that significantly expanded SolarBank’s asset base and supports its evolving…

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For more information, visit the company’s website at SolarBankCorp.com. This report contains forward-looking information. Please refer to https://ibn.fm/G76GJ for additional details.

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