SUUN Stock Summary and Trading Ideas (Solarbank | NASDAQ:SUUN)

SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.

Solarbank trades on the NASDAQ stock market under the symbol SUUN.

As of February 10, 2025, SUUN stock price climbed to $6.39 with 1,379,140 million shares trading.

SUUN has a beta of -0.35, meaning it tends to be less sensitive to market movements. SUUN has a correlation of 0.00 to the broad based SPY ETF.

SUUN has a market cap of $197.50 million. This is considered a Micro Cap stock.

SUUN support price is $4.29 and resistance is $4.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SUUN shares will trade within this expected range on the day.