Innergex Renewable Energy (OTCMKTS:INGXF) versus SolarBank (NASDAQ:SUUN) Head to Head Review

Innergex Renewable Energy (OTCMKTS:INGXF) and SolarBank (NASDAQ:SUUN) are both small-cap utilities companies, but which is the better business? We will compare the two businesses based on the strength of their risk, profitability, earnings, dividends, institutional ownership, analyst recommendations and valuation.

Profitability

This table compares Innergex Renewable Energy and SolarBank’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Innergex Renewable Energy	1.84%	4.40%	0.59%
SolarBank	-10.64%	-15.19%	-6.41%

Valuation and Earnings

This table compares Innergex Renewable Energy and SolarBank”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Innergex Renewable Energy	$764.31 million	1.60	-$72.93 million	$0.03	200.33
SolarBank	$43.08 million	3.21	-$2.56 million	($0.22)	-19.77

SolarBank has lower revenue, but higher earnings than Innergex Renewable Energy. SolarBank is trading at a lower price-to-earnings ratio than Innergex Renewable Energy, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a breakdown of recent ratings for Innergex Renewable Energy and SolarBank, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Innergex Renewable Energy	0	0	0	0	0.00
SolarBank	0	0	1	0	3.00

SolarBank has a consensus price target of $6.00, suggesting a potential upside of 37.93%. Given SolarBank’s stronger consensus rating and higher possible upside, analysts plainly believe SolarBank is more favorable than Innergex Renewable Energy.

Summary

Innergex Renewable Energy beats SolarBank on 6 of the 11 factors compared between the two stocks.

About Innergex Renewable Energy

Innergex Renewable Energy Inc. operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation. As of February 21, 2024, it owned and operated 87 facilities with a net installed capacity of 3,600 megawatts, including 41 hydroelectric facilities, 35 wind facilities, 9 solar facilities, and 2 battery energy storage facilities. The company is headquartered in Longueuil, Canada.

About SolarBank

SolarBank Corporation operates as an independent renewable and clean energy project developer and asset operator in Canada and the United States. The company engages in the site origination, development, financing, engineering, procurement, construction, operation, maintenance, and asset management of solar photovoltaic power generation projects. It offers solar energy solutions in the areas of behind-the-meter solar power plants, electricity grid connected community solar gardens, and utility scale solar farms. The company was formerly known as Abundant Solar Energy Inc. and changed its name to SolarBank Corporation in October 2022. SolarBank Corporation was incorporated in 2013 and is headquartered in Toronto, Canada.