Q: Hi 5i Team - Since going public in March of this year SolarBank Corporation's stock price has risen dramatically. Do you think the fundamentals support this or has it perhaps gone too far too quickly. In other words is it best to wait for it to settle down if considering buying. Also do you have any info on insider ownership/trading. Thanks.
5i Research Answer:
Our data shows insiders own 1.2% directly, with only minor insider activity since June (all buys, though). It has several solar sites under development, but expected revenue is less than $14M this year. With market cap of $240M, expectations are very high here. Timing of small cap growth companies is never easy, but we do think it would be best to let this settle down somewhat.