TSXV:SOLR

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Solar Alliance Energy

Executive Summary

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


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Solar Alliance Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SOLR is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 36% a week.

Volatility Over Time: SOLR's weekly volatility (36%) has been stable over the past year, but is still higher than 75% of Canadian stocks.


Market Performance


7 Day Return

-3.0%

SOLR

-8.0%

CA Renewable Energy

1.8%

CA Market


1 Year Return

1,271.4%

SOLR

20.3%

CA Renewable Energy

16.0%

CA Market

Return vs Industry: SOLR exceeded the Canadian Renewable Energy industry which returned 20.3% over the past year.

Return vs Market: SOLR exceeded the Canadian Market which returned 16% over the past year.


Shareholder returns

SOLRIndustryMarket
7 Day-3.0%-8.0%1.8%
30 Day-3.0%-18.2%2.9%
90 Day966.7%-6.1%6.8%
1 Year1,271.4%1,271.4%24.9%20.3%20.3%16.0%
3 Year772.7%772.7%116.9%88.8%24.7%12.8%
5 Year433.3%433.3%162.1%105.7%56.3%32.8%

Long-Term Price Volatility Vs. Market

How volatile is Solar Alliance Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether Solar Alliance Energy is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Solar Alliance Energy has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of SOLR's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Solar Alliance Energy regulatory filings.
  • Explore potentially undervalued companies in the Utilities industry.

Future Growth

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

45.1%

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.


Next Steps

Past Performance

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

-24.1%

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 24.1% 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 (8.9%).


Return on Equity

High ROE: SOLR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Solar Alliance Energy's financial position?


Financial Position Analysis

Short Term Liabilities: SOLR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SOLR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SOLR has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SOLR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SOLR has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: SOLR is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

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?

1.2yrs

Average management tenure


CEO

Myke Clark (48 yo)

2.08yrs

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: Myke's total compensation ($USD171.46K) is about average for companies of similar size in the Canadian market ($USD151.81K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michael Clark
President2.08yrsCA$216.20k1.35%
CA$ 1.6m
Christina Wu
Chief Financial Officer1.17yrsno datano data
Jo Sidell
Senior Vice President of Asset Managementno datano datano data
Ken Kukes
Senior Vice President of International Business Development - Ocean Energyno datano datano data
Rashida Usman
Secretary of the Boardno datano datano data
Monique Hutchins
Company Secretary1.17yrsno data0.00041%
CA$ 470.5

1.2yrs

Average Tenure

Experienced Management: SOLR's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Michael Clark
President2.08yrsCA$216.20k1.35%
CA$ 1.6m
Robert Miller
Independent Director1.67yrsno data0.039%
CA$ 45.2k
Lyall Knott
Member of the Advisory Boardno datano datano data
Artie Rose
Member of Advisory Board5.83yrsno datano data
Ken Stadlin
Independent Director3.25yrsno data0.49%
CA$ 561.3k
Anton Shihoff
Independent Director2.83yrsno data0.30%
CA$ 341.4k

2.8yrs

Average Tenure

Experienced Board: SOLR's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: SOLR insiders have sold more shares than they have bought 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 12.4%.


Top Shareholders

Company Information

Solar Alliance Energy Inc.'s company bio, 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$114.767m
  • Shares outstanding: 246.81m
  • Website: https://www.solaralliance.com

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SOLRTSXV (TSX Venture Exchange)YesCommon Voting SharesCACADDec 2006
SAEN.FOTCPK (Pink Sheets LLC)YesCommon Voting SharesUSUSDDec 2006

Biography

Solar Alliance Energy Inc., together with its subsidiaries, provides energy solutions. The company primarily focuses on the development, engineering, procurement, and construction of commercial and industr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/05 23:01
End of Day Share Price2021/03/05 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.