SOLR

Solar Alliance EnergyTSXV:SOLR Stock Report

Market Cap

CA$60.5m

7D

0%

1Y

780.0%

Updated

16 Sep, 2021

Data

Company Financials
SOLR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

SOLR Overview

Solar Alliance Energy Inc., together with its subsidiaries, provides energy solutions.

Price History & Performance

Summary of all time highs, changes and price drops for Solar Alliance Energy
Historical stock prices
Current Share PriceCA$0.22
52 Week HighCA$0.02
52 Week LowCA$0.81
Beta1.03
1 Month Change-2.22%
3 Month Change-21.43%
1 Year Change780.00%
3 Year Change450.00%
5 Year Change238.46%
Change since IPO-96.67%

Recent News & Updates

Shareholder Returns

SOLRCA Renewable EnergyCA Market
7D0%-2.5%-0.2%
1Y780.0%18.7%29.1%

Return vs Industry: SOLR exceeded the Canadian Renewable Energy industry which returned 18.6% over the past year.

Return vs Market: SOLR exceeded the Canadian Market which returned 30% over the past year.

Price Volatility

Is SOLR's price volatile compared to industry and market?
SOLR volatility
SOLR Beta1.03
Industry Beta0.62
Market Beta1

Stable Share Price: SOLR is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: SOLR's weekly volatility has decreased from 25% to 9% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/aMyke Clarkhttps://www.solaralliance.com

Solar Alliance Energy Inc., together with its subsidiaries, provides energy solutions. The company primarily focuses on development, engineering, procurement, and construction of commercial and industrial solar projects, and residential solar installations in Tennessee, Kentucky, Illinois, and North/South Carolina. It also offers electric vehicle charger installation services; and turnkey clean energy solutions.

Valuation

Is Solar Alliance Energy undervalued compared to its fair value and its price relative to the market?

239.13x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SOLR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SOLR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SOLR is unprofitable, so we can't compare its PE Ratio to the Canadian Renewable Energy industry average.

PE vs Market: SOLR is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SOLR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SOLR is overvalued based on its PB Ratio (239.1x) compared to the CA Renewable Energy industry average (2.5x).


Future Growth

How is Solar Alliance Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

60.0%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Solar Alliance Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Solar Alliance Energy performed over the past 5 years?

-8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SOLR is currently unprofitable.

Growing Profit Margin: SOLR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SOLR is unprofitable, and losses have increased over the past 5 years at a rate of 8.1% per year.

Accelerating Growth: Unable to compare SOLR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SOLR is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-25.1%).


Return on Equity

High ROE: SOLR has a negative Return on Equity (-835.05%), as it is currently unprofitable.


Financial Health

How is Solar Alliance Energy's financial position?


Financial Position Analysis

Short Term Liabilities: SOLR's short term assets (CA$4.4M) exceed its short term liabilities (CA$4.1M).

Long Term Liabilities: SOLR's short term assets (CA$4.4M) exceed its long term liabilities (CA$141.8K).


Debt to Equity History and Analysis

Debt Level: SOLR's debt to equity ratio (7.8%) is considered satisfactory.

Reducing Debt: SOLR's debt to equity ratio has reduced from 727.3% to 7.8% over the past 5 years.

Debt Coverage: SOLR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if SOLR's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Solar Alliance Energy current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SOLR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SOLR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SOLR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SOLR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SOLR's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average board tenure


CEO

Myke Clark (49 yo)

2.58yrs

Tenure

CA$216,200

Compensation

Mr. Michael Clark, also known as Myke, has been the President, Chief Executive Officer and Director of Solar Alliance Energy Inc. since February 15, 2019 and has been its Chairman since December 31, 2020....


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Myke's total compensation is reasonable compared to companies of similar size in the Canadian market.

Compensation vs Earnings: Myke's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: SOLR's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.7%.


Top Shareholders

Company Information

Solar Alliance Energy Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Solar Alliance Energy Inc.
  • Ticker: SOLR
  • Exchange: TSXV
  • Founded: 2003
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: CA$60.497m
  • Shares outstanding: 274.98m
  • Website: https://www.solaralliance.com

Location

  • Solar Alliance Energy Inc.
  • 82 Richmond Street East
  • Toronto
  • Ontario
  • M5C 1P1
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 22:53
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.