Solar Alliance Energy Inc., together with its subsidiaries, provides energy solutions.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$0.22|
|52 Week High||CA$0.02|
|52 Week Low||CA$0.81|
|1 Month Change||-2.22%|
|3 Month Change||-21.43%|
|1 Year Change||780.00%|
|3 Year Change||450.00%|
|5 Year Change||238.46%|
|Change since IPO||-96.67%|
Recent News & Updates
|SOLR||CA Renewable Energy||CA Market|
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.
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
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.
Is Solar Alliance Energy undervalued compared to its fair value and its price relative to the market?
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).
How is Solar Alliance Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Solar Alliance Energy performed over the past 5 years?
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Myke Clark (49 yo)
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.
Experienced Board: SOLR's board of directors are considered experienced (3.3 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.7%.
Solar Alliance Energy Inc.'s employee growth, exchange listings and data sources
- 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
- Solar Alliance Energy Inc.
- 82 Richmond Street East
- M5C 1P1
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 22:53|
|End of Day Share Price||2021/09/16 00:00|
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.