With AI driving urgent demand for energy, billionaires, Fortune 500 companies and the world’s biggest investors are scrambling to get in on a megatrend that’s already seen 21,175.2% growth in installed capacity.

By Tim Collins
Editor, Streetlight Confidential

Disseminated on behalf of SolarBank Corporation.

Thanks in part to AI databases creating unprecedented demand for power, America is on the verge of an energy crisis like we haven’t seen since the 1970s … with some experts projecting the price of oil to skyrocket to $200 a barrel or more.

In a moment I’m going to reveal the truth behind the pressing need for more power … the Biden Administration’s plan to crush oil and gas production … and, most importantly, how you can position yourself alongside the likes of Elon Musk and Bill Gates to take advantage of this sea change in how Americans produce and consume energy.

Before I get to that, though, I want to show you a few of the catalysts that are currently, actively shaping the American energy economy.

And, if you stay with me to the end, I’ll reveal a little-known action investors like you can take to keep ahead of the forced transition away from fossil fuels.

My name is Tim Collins, and I run a research firm called Streetlight Confidential.

It’s my job to help investors potentially take advantage of powerful megatrends — including megatrends driven by the whims of the political elite.

I’m here to help you take complex topics, break them down into manageable pieces … and unlock strategies to take advantage of what’s happening in the market.

Like, for example, the looming crisis in American energy … and the massive hidden upside waiting for investors who are paying attention.

Before I get to that hidden upside, though, I’ll unpack this potential crisis for you, and demonstrate to you three catalysts that are powering this irreversible megatrend.

CATALYST #1: THE BIDEN ADMINISTRATION’S OIL AND GAS ANTAGONISM

You’ve almost certainly seen the headlines over the last few years … You may have even experienced some of the negative effects yourself.

Brownouts. Blackouts. Rising prices at the pump. Energy-driven inflation.

The dirty little secret? It is, in part, by design.

Let me explain.

President Biden’s war on fossil fuels is well into its fourth year, and we’re feeling the ramifications across essentially every aspect of the economy, from rising transportation costs to the seemingly ever-increasing price of basic goods.

This is the first catalyst driving the looming energy crisis in America.

In the last four years, the Biden administration has unleashed a torrent of policies aimed at crippling the domestic oil and gas industry.

• • He Canceled the Keystone XL Pipeline and Leasing Moratorium: One of President Biden’s first actions upon taking office was to cancel the Keystone XL pipeline permit
  • He Issued an Oil and Gas Leasing Moratorium. Shortly after he killed Keystone, he imposed a moratorium on new oil and gas leasing on federal lands and waters.
  • He Banned New Oil and Gas Leases in Alaska and the Arctic Ocean: The administration has banned new oil and gas leases in the entire U.S. portion of the Arctic Ocean and is preparing to close off large areas in Alaska from fossil fuel development.
  • He Increased the “Social Cost” of Greenhouse Gases: In February 2021, Biden updated the “social cost” of greenhouse gasses — a little-known metric that guides federal agencies in rule-making decisions.
  • He Imposed Massive Regulatory Changes and Increased Costs: The administration has proposed and implemented various regulations such as stricter methane emission regulations and revoking certain industry-friendly policies from the Trump administration.

These decisions are part of the administration’s broader agenda aiming for significant reductions in U.S. greenhouse gas emissions by 2030 and achieving net-zero emissions by 2050.

What President Biden’s administration and the ecowarriors staffing it are trying to accomplish is, in my opinion, a challenging endeavor.

But that hasn’t stopped them from using massive government spending programs to bypass the free market and force the transition away from “fossil fuels” and toward new or next-generation energy sources.

The administration is hamstringing the domestic oil and gas industry in favor of new power sources such as solar and wind.

The Inflation Reduction Act alone puts a $369 billion thumb on the scales in favor of oil and gas alternatives like solar power.

As a free market absolutist … I personally have concerns with those decisions.

As someone who has to pay an ever-increasing monthly gas bill … I find those decisions maddening.

It all comes down to Econ 101: Supply vs demand.

Right now we’re experiencing an intentional, on-purpose restriction in the supply of our number-one source of electricity in the U.S. — fossil fuels like coal and natural gas.

But the demand for energy hasn’t changed. In fact, if anything it’s increased.

And what happens when supply of a commodity drops while demand rises?

The price of that commodity goes up.

That’s where we’re at with oil and natural gas … especially as the Russian war in the Ukraine drags on and conflict in the Middle East heats up.

This is why some experts are predicting that the price of a barrel of oil could spike from today’s $80-ish per barrel to $200 a barrel or more.

The Biden Administration has kicked this can down the road by draining the Strategic Petroleum Reserve (SPR) to artificially stabilize the price of oil, even as, by policy, they have made oil and natural gas that much more expensive to produce.

The problem with that is, the SPR is currently at historic lows, and once that option is off the table … the sky’s the limit.

So what does all this mean?

The Biden Administration is betting the farm that increasing investment in sources of power like wind and solar will replace fossil fuels in the American energy economy … and they’re putting our money where their mouth is.

Will they accomplish their audacious goal of complete, transformative energy transition for the United States?

I don’t know.

What I do know is that by flooding the renewable energy industry with literally billions of dollars, the Biden Administration’s actions are creating an unprecedented opportunity for investors with the guts to look behind the headlines … and the wisdom to fortify their portfolios against what’s to come.

I’ll elaborate more in a moment.

Before I get to that, however, I want you to understand the second catalyst behind America’s looming energy crisis

CATALYST #2: INTERNATIONAL NET ZERO AGREEMENTS

International net zero agreements are commitments made by countries around the world with the stated goal of balancing the amount of greenhouse gasses they emit into the atmosphere with an equivalent amount of greenhouse gasses they remove or offset.

In practice, what these agreements entail is replacing hydrocarbon power with renewable sources of energy like wind and solar.

The problem is, we currently still rely heavily on hydrocarbon energy like coal and natural gas to power our homes, businesses, and Teslas.

However, that inconvenient fact hasn’t stopped the 200 nations involved in the United Nations Climate Change Summit — including the United States — from agreeing to stop using fossil fuels and to triple the use of renewable energy.

The agreement came on the heels of John Kerry, President Biden’s envoy to the Summit, telling attendees that the US is going to stop building coal plants and will shut down existing plants.

According to the Biden Administration, the power previously generated by these coal plants will be generated by wind and solar power instead.

It’s not just coal that’s in the crosshairs of The Powers That Be. Natural gas is also under attack.

At the Climate Summit, a letter was circulated demanding that Western nations, including the United States, ban all new natural gas infrastructure projects, starting immediately.

That’s a tall order considering that natural gas accounts for about 39% of all U.S. electricity generation, while coal generates 19%. In other words, dumping natural gas and coal will force the United States to replace energy sources that account for 58% of U.S. electricity generation.

Meanwhile, renewable energy sources — solar, wind and hydro — currently only provide about 22.5% of America’s electricity, though that number has been on the rise.

Over the last 15 years, renewable forms of energy — including solar power — have generated an increasing percentage of U.S. electricity generation. Government spending and mandates ensure that this trend will only accelerate over the next few years.

When you consider that the U.S. government wants 80% of U.S. energy production to be clean and renewable by 2030, we clearly have a long way to go.

But that challenge hasn’t stopped some of the world’s wealthiest people from focusing their money on making that future happen … which brings me to the third catalyst.

CATALYST #3: SOCIAL AND FINANCIAL PRESSURE FROM ESG

Investment in oil and gas has become less popular for several reasons … chiefly due to the rise of Environmental, Social, and Governance (ESG) criteria, promoted by influential entities such as Klaus Schwab, the World Economic Forum, BlackRock, the Bank of England, and similar organizations.

The strategy pursued by BlackRock, the Bank of England, and others has been to deprive fossil fuel companies of capital.

This involves cutting off the funds necessary for drilling, limiting access to drilling sites, and imposing regulations so stringent that they threaten to drive these companies out of business … which is a huge problem for a grid powered primarily by fossil fuel energy generation.

The primary objective of these ESG initiatives is to shift the financial incentives for investors to phase out fossil fuels in favor of renewables.

A secondary objective is to incentivize large corporations to undertake “socially aware” actions like offsetting their carbon production by installing solar panels to generate electricity or purchasing electricity generated by renewable energy sources like wind and solar.

Whether you agree with the principle or not … it’s causing a sea change in the marketplace..

Many of the world’s wealthiest people and biggest corporations are responding to the ESG incentive structure, and, in fact, the rapid growth of the renewable energy sector — especially solar power — can be traced to multi-billion-dollar investments from private equity firms and numerous billionaires.

Private equity firms invested more than $50 billion into the clean energy transition between August 2022 and February 2023 alone.

For starters, S&P Global Commodity Insights reviewed private equity investments from August 2022 through February 2023 and found that firms invested more than $50 billion in those seven months alone.

However, private equity firms aren’t the only ones looking to get in on the action.

A multitude of billionaire investors are also pouring money into the clean energy sector via Breakthrough Energy Ventures, a multi-billion-dollar investment fund founded by Bill Gates.

Other billionaires who have invested in the fund include:

• • Jeff Bezos, founder of Amazon.com
  • Richard Branson, founder of the Virgin Group
  • Michael Bloomberg, founder of Bloomberg LP
  • John Doerr, Chairman of the venture capital firm Kleiner Perkins Caufield & Byers
  • Ray Dalio, founder of Bridgewater Associates, a hedge fund and investment management firm

To date, Breakthrough Energy Ventures has raised $2 billion, though Gates’ goal is to raise and invest $15 billion in clean energy ventures.

And Gates, Bezos and Branson aren’t the only ones pouring money into oil and gas alternatives. The Patron Saint of Green Energy, Elon Musk, has a little-known vertical in Tesla devoted to green energy storage and production.

Known as Tesla Energy, this division is responsible for developing, manufacturing, and selling photovoltaic solar systems and battery energy storage products, as well as installing these systems for residential, commercial, and industrial customers.

And even though Tesla Energy is a small part of Tesla’s overall operations … the company reports that it accounts for over $6 billion in annual revenues.

In other words, whether you agree with ESG principles or not … they have set in motion an avalanche of money pointed squarely at companies focusing on renewable energy sources like wind and solar.

HOW TO MAKE THESE INDISPUTABLE FACTS WORK IN YOUR FAVOR

So now that you understand the three major catalysts that, in my opinion, are leading the United States toward an energy crisis like we haven’t seen in decades ….

The question is, how do you play it?

For my money, one of the best opportunities right now is with solar energy, which is almost certain to be the leading replacement for the energy now produced by fossil fuels.

And I’m not the only one with this opinion.

Major corporations and Fortune 500 companies like Amazon, Apple, Google and Microsoft are “putting their money where their mouth is” and allocating millions toward transitioning to green energy sources like solar and wind …

… Including, as I’ve recently discovered, a Fortune 500 player with a market cap of $130.84 billion.

Now, generally speaking, I’m a meat and potatoes, oil and gas man. But I didn’t find success managing a hedge fund on Wall Street by ignoring monumental megatrends simply because they didn’t fit my biases.

And what I see right now is a megatrend fueled by locked-in government spending, a sea change in worldwide sentiment, and the world’s best investors and biggest corporations fighting to stake their claim.

But before I dive into billion-dollar behemoths making multi-million-dollar moves toward powering their operations with the sun …

… I want to talk to you about my research into the little-known solar power company that locked down a $41 million deal using its decades-long track record, an elite leadership team … and what I call its “secret sauce.”

And investors in this company — SolarBank Corp. (NASDAQ: SUUN) — could be looking at a great opportunity in the months and year ahead as the forecasted demand for solar power continues to grow.

In a moment, I’ll reveal my 6 reasons why SolarBank Corp. has earned my glowing recommendation to my subscribers … and why I think it could be an asset to consider for your portfolio.

However, before I get into that, I’d like to make it clear that SolarBank Corp. isn’t some fly-by-night start-up. It’s actually been in business for more than 10 years and has built more than 100 solar power plants.

Furthermore, as you’ll see in a moment, the company’s impressive résumé of successful projects has opened up an impressive stream of opportunities for the company.

Those opportunities — combined with the exploding demand for solar power — could put SolarBank Corp. (NASDAQ: SUUN) on the road to becoming a much more significant player.

Reason 1: Exploding Demand for Solar

Now, obviously it will be many years — perhaps decades — before solar will be able to replace the power generated by fossil fuels.

However, solar power is on the rise, and the more electricity it generates, the more diversified the power grid becomes and the less reliant we become on natural gas imports.

Also important, solar power helps decentralize energy production, so if one form of power generation falls short or even fails, another is available to help make up the deficit.

And, as I mentioned, to make this all happen, the U.S. government is spending hundreds of billions of dollars.

For example, the Inflation Reduction Act (IRA) spends $369 billion on clean energy projects designed to “tackle the climate crisis.”

And that’s on top of the $242 billion allocated by the 2021 Infrastructure Investment and Jobs Act to fight climate change with clean energy.

The IRA also includes a 10-year extension of the 30% solar power investment tax credit — with up to 50% available on some projects.

I agree with Pol Lezcano, a solar industry analyst at the research firm BloombergNEF, when he says, “The incentives in the IRA are like pouring gasoline on a fire.”

And Lezcano’s not alone.

An analysis by Jeffries, a leading global investment bank, predicts “exponential growth” ahead for renewable energy.

However, the billions of dollars in spending and tax credit are just a portion of what’s driving the growth of the solar power market.

Over the last few years, demand for solar power has increased by leaps and bounds.

In fact, since 2010, global solar power capacity has risen an astonishing 48 times.

This rising demand has been fueled in part by the spending, tax credits and mandates I detailed a moment ago.
However, a third factor is that the cost of both solar and battery storage have fallen dramatically over the last decade.

Since 2011, when solar was the most expensive form of electricity generation, its cost has fallen a whopping 90%.

In fact, the International Energy Agency reports that solar is now cheaper than natural gas and coal when it comes to generating electricity.

This is due in large part to technological innovation and economies of scale created by increased demand.

And the future looks even brighter.

The International Renewable Energy Agency estimates that electricity consumption derived from renewables will grow from 25% in 2018 to 90% by 2050.

And of that energy consumption, solar comes out on top, with the Department of Energy saying it could account for as much as 40% of the U.S. electricity supply by 2035.

But get this: Currently, solar accounts for only about 5% of all the electricity generated in the U.S.

In other words, the next five to 10 years are going to see massive growth in the solar industry.

By 2027, the North American solar market is expected to reach $120.74 billion — a 380% increase since 2019.

Of course, future governments may revise, reduce or eliminate incentives and policy support for solar and battery storage power, which could affect demand for renewable energy. However, given the solar industry’s current momentum, it’s my opinion that that risk will be mitigated by rising demand and increasing private capital investment.

As you’ll see in a moment, SolarBank Corp. (NASDAQ: SUUN) is already taking advantage of this growth with its 1 gigawatt pipeline of projects.

Better yet, my analysis shows that its revenue guidance continues to indicate steady growth over the next year.

As an investor, it’s difficult not to start salivating when I come across a mostly unknown company with such impressive numbers operating in a sector with off-the-charts demand growth.

Reason 2: SolarBank Corp. Has an Unparalleled Résumé

Over the last 10 years, SolarBank Corp. (NASDAQ: SUUN) has built more than 100 solar power plants — primarily in the United States and Canada.

The company’s longevity and experience set it apart from other players in SolarBank Corp’s market sectors.

The solar power market is defined by intense competition and constant innovation, and many companies aren’t able to keep up with the pace of change. It’s an industry-wide risk. And one SolarBank Corp. isn’t immune to.

However, the fact that SolarBank Corp. has successfully navigated those risks for more than a decade — while turning a profit, I might add — leads me to believe that it is well suited to continue developing and operating its solar projects well into the future.

In recent years, the company’s primary focus has been…

• • Behind the Meter solar projects: These are energy systems that are built on a company’s property to generate and possibly store power. They are separate from the electric grid and thus aren’t metered by the electric company.
  • Community Solar Projects: These are large solar panel farms that are usually owned by private developers or subscribers.
  • They provide electricity that is fed into the electric grid — but the residents, businesses and organizations that participate in the project get credit on their electric bill for their share of the power produced by the farm.
  • Utility-Scale Solar Farms: These cover many acres of land with thousands of solar panels generating electricity for the grid.

A Rich History and a Bright Future

SolarBank Corp. got its start taking advantage of Ontario, Canada’s Feed-in Tariff program — a government policy mechanism. The program provided financial incentives for generating power from renewable sources of energy to make them more competitive with fossil fuels.

By the time the program ended, the company had completed more than 150 such projects generating enough electricity to power 10,000 homes.

Better yet, the program established SolarBank Corp. (NASDAQ: SUUN) as a reliable and reputable solar power provider and operator.

Here in the United States, it has also had a series of impressive successes. Here are a few highlights from its dozens of completed projects…

• • In 2017, SolarBank Corp. entered a 30-year agreement with the Maryland Department of Transportation to solarize the state’s transportation systems.
  • In 2020, a 7-megawatts at peak — meaning the maximum power it can produce under ideal conditions — Community Solar Farm began operation, supplying energy to residences in upper state of New York.
  • In 2022, six solar projects were placed in commercial service.

Partnering With a Fortune 500 Behemoth

However, perhaps the company’s most impressive achievements came in late 2023, when it reached an agreement with Honeywell International, the $130.84 billion Fortune 500 behemoth. 

Honeywell (NASDAQ: HON) engaged SolarBank Corp. (NASDAQ: SUUN) to engineer and build three 7-megawatt solar power projects in upstate New York.

The energy produced at the sites will feed into the local power grid, providing cheaper energy for renters and homeowners who want to take advantage of solar energy without having to install solar panels on their roofs.

The agreement is valued at $41 million — a significant number because it’s more than four times the company’s entire fiscal 2022 revenue.

SolarBank Corp’s agreement with Honeywell shows just how good a reputation the company has in the solar industry. And many more solar power agreements are in the pipeline.

However, the Honeywell deal was just the tip of the iceberg in 2023.

In addition to the $41 million Honeywell contract, the company was also awarded $47 million worth of contracts for three Battery Energy Storage System projects and a 5.9 megawatt Community Solar Project.

All this gives the company a great deal of credibility for the aggressive plans it has for the future, which brings me to…

Reason 3: SolarBank Corp. Has Embarked on an Expansion Plan That Could Mean Significant Growth Ahead

One of the things I really like about SolarBank Corp. (NASDAQ: SUUN) is that it refuses to rest on its laurels.

The company’s president and CEO — Dr. Richard Lu — has set his sights on turning SolarBank Corp. into a major player by taking full advantage of the transition to solar energy.

That transition is still in its early stages — but as it accelerates in the years ahead, SolarBank Corp. looks to be well positioned to capitalize thanks to an impressive expansion plan.

Let’s take a look at some of the opportunities the company is looking at right now.

The Biden Administration Pushes Community Solar

As I mentioned, the company has completed a number of community solar projects that let individuals and businesses take advantage of solar power without having to put solar panels on their roofs.

These projects — also known as solar gardens — are the fastest growing segment of the solar industry.

They’re also vital because, according to the Environmental Protection Agency, more than 50% of Americans who would like to use solar energy are unable to install a rooftop solar array.

At the end of 2021, only about a million households in the U.S. were able to take advantage of community solar.

However, the Biden Administration is determined to expand that to five million by 2025 — a 400% increase.

This is great for SolarBank Corp. (NASDAQ: SUUN) because of its vast experience in building community solar facilities. That experience makes it an obvious go-to company for future projects.

Helping Big Companies Go Green “Behind the Meter”

Another opportunity for SolarBank Corp. is the growth of commercial and industrial behind the meter (BTM) power generation.

Currently, only around 1% of commercial electricity demand is met by on-site BTM solar. However, according to Grandview Research, the U.S. market will better than triple between 2023 and 2030 as more and more companies position themselves as “environmentally friendly.”

And SolarBank Corp’s track record positions the company nicely to continue picking up contracts to build BTM solar farms.

When you add up the projects in SolarBank Corp’s (NASDAQ: SUUN) potential development pipeline, you’re looking at projects with the potential to generate 1,000 megawatts at peak of power — enough to power 200,000 homes.

And enough to keep SolarBank Corp. busy for years to come.

A Bigger Opportunity Beckons

However, all this could be small potatoes when compared to SolarBank Corp’s next big thing.

While community solar and BTM projects will remain the company’s bread and butter in the immediate future, a much bigger opportunity is around the corner.

And it’s the opportunity I’m most excited about because it sets the company up for stellar long-term growth.

You see, the company has recently emerged as an “independent power producer.” This means SolarBank Corp’s (NASDAQ: SUUN) builds its own solar farms to generate power that it will sell to utilities commercial entities or community solar subscribers.

Ultimately, it is targeting the development of utility scale solar farms that may have the capacity to generate more than 100 megawatts of electricity — enough to power 10,000 homes each.

This “build and own” model provides more stable long-term revenue than building plants for others. It also offers the largest market for solar energy long term and the opportunity for growth.

That’s because demand from utilities for green power — especially solar — is growing exponentially.

Utilities are increasingly required by law to meet “Renewable Portfolio Standards” — which means they must generate a certain percentage of electricity from renewable sources by a certain date.

California for example, requires utilities to get 60% of their electricity from renewable sources by 2030 and 100% by 2045.

Dozens of other states have similar mandates.

SolarBank Corp. has already begun building its independent power producer portfolio. In November 2023 it acquired control of two corporations that hold solar projects in Ontario with a combined capacity of 2.5 megawatts.

The company also recently began construction of its Geddes project in Geddes, New York. This will be the largest solar project to date to be owned by SolarBank Corp. (subject to financing) and once operational is expected to provide green energy for over 500 homes.

Even further the Company has announced its proposed acquisition of Solar Flow- Through Funds Ltd. (“SFF”) in an all stock transaction valued at Cdn$45 million. SFF owns a total of 70 operating solar sites located in Ontario with a combined capacity of 28.8 MW operating under long term contracts. SFF also owns and is constructing three battery energy storage system projects in Ontario (the same projects mentioned above) with an aggregate discharge capacity of 14.97 MW and are expected to operate under long term guaranteed capacity contracts from the Ontario government power regulator. While the transaction is subject to closing conditions, once completed it will see the addition of recurring revenue from existing IPP assets: Cdn$9.2 million of SFF calendar year 2023; Cdn$9.4 million for SFF calendar year 2022.

Now, the growth of SolarBank Corp’s independent power producer portfolio is dependent on access to additional debt and equity financing to support the development of these projects. It also needs to secure suitable land via lease or purchase and receipt of permits and regulatory approvals.

There’s no two ways about it — big aspirations require access to capital.

However, one of the things that really impresses me about SolarBank Corp. is that while it makes these aggressive plans for the future — plans that could help the company grow significantly — the management team’s fiscally conservative, smart asset allocation tells me that they’re not “betting the farm” on one big play that may or may not come to fruition.

Reason 4: SolarBank Corp’s Vertical Integration Provides a Competitive Advantage

Now we get to the “secret sauce” I mentioned earlier.

Another thing SolarBank Corp. (NASDAQ: SUUN) has going for it — and, in my opinion, the major feature distinguishing it from a field of solar pretenders — is its full vertically integrated business model.

This vertical integration provides SolarBank Corp. with an agility that many companies could have a hard time replicating.

And, while most solar companies focus on one specific area of the renewable energy value chain, vertical integration means SolarBank Corp. brings its expertise to all of it.

This also gives the company a competitive advantage when it comes to cost.

It’s a step-by-step process — something akin to a “production line” in the words of SolarBank Corp. CEO Dr. Richard Lu.

It all starts with the origination of a project. SolarBank Corp. analyzes government policies, digs deep into the project’s finances to make sure it will create value for shareholders and finds and secures the right site for the project.

It then brings its development expertise to bear to get the necessary permits and environmental approvals. It also looks into available incentives and tax benefits. And it helps put a Power Purchase Agreement in place outlining the terms under which electricity will be sold.

The company’s financial team also gets involved to secure financial via equity, debt, tax credits or traditional construction financing. To date, the company has managed more than $100 million in project financing.

It then delivers the goods by engineering the project, procuring the necessary equipment and materials — including solar panels and inverters that convert DC electricity to AC — and building the project.

Lastly, the company can take care of operations and management. This includes managing subscribers to the power, as well as care for the assets themselves.

All this creates a seamless and efficient process that allows SolarBank Corp. (NASDAQ: SUUN) to bring a project to fruition in as little as 12 to 18 months … an impressive rate many companies would be hard-pressed to match.

And I don’t need to tell you that the faster a company can bring additional projects online, the faster it can potentially see revenues flowing back into its coffers.

Reason 5: SolarBank Corp. Had Been Profitable for Years

I also like what I see when I look at SolarBank Corp’s numbers.

The company doubled its revenue to $13.7 million in the fiscal year that ended in June 2023.

Better yet, based on the projects it has already secured, SolarBank Corp. has provided revenue guidance of $33 to $37 million for the next fiscal year, which would be another double by June 2024.

The company’s build out of its independent power producer business provides a further opportunity for revenue growth.

However, it’s not just about revenue. The company was also profitable for its most recently completed financial year.

Just remember, as with any investment, there are risks to consider. The solar market can be volatile, and demand for solar power can fluctuate. This could reduce the company’s revenues. We could also see government incentives dry up. Or the economy could fall into recession, which could affect anything from the company’s supply chain to its revenues and operations. These potential risks, among others, are why it’s vital to do your due diligence.

Reason 6: A Strong Management Team With More Than 100 Years of Combined Experience

One of the most critical factors in the success of any company is its management team.

Many financial advisors take management for granted. However, I’ve seen multiple companies with strong potential underachieve or fail altogether simply because their management teams were mediocre or stocked with family members instead of people with real experience.

That’s why I always take a close look to make sure management has the expertise and the experience to move the company forward. That includes interviewing members of the team and looking carefully at their past experience.

Fortunately, when I did my deep dive on the management behind SolarBank Corp. (NASDAQ: SUUN) I found a solid team with the skills and the experience to take the company to the next level.

Even better, I discovered that the management team, company directors, the founders, and advisors own 70% of the 27 million common shares outstanding, which indicates a strong belief in the company and the team running it.

They include:

Dr. Richard Lu

MD, MBA, President & CEO, Director

Dr. Richard Lu, MD, MBA, President & CEO, Director — Dr. Lu is an energy industry veteran with more than 25 years of global energy experience developing and implementing growth strategies for organizations in North America, Europe and Asia.

Dr. Lu’s accomplishments include acting as an Independent Director at dynaCERT Inc., a growing high-tech company that specializes in hydrogen application in the transportation industry.

Andrew van Doorn

MD, MBA, President & CEO, Director

Andrew has more than 28 years of executive leadership experience in engineering and construction in the renewable energy and utility sectors. In that time, he has completed solar projects generating more than 200 megawatts.

Andrew’s solar experience includes 32 megawatts of community solar in Minnesota, 28 megawatts built or under construction in New York State, and 20 megawatts of ground mount systems in Ontario.

Tracy Zheng

Chief Administrative Officer

Tracy is an accomplished business strategist with more than 25 years of experience in brand marketing, investments, business development and solar project operations.

She is responsible for managing solar sales teams, project feasibility studies and partnership negotiations. Tracy held senior marketing positions specializing in branding and strategy in Colgate-Palmolive, Clairol and other marketing research and internet companies. She has an MBA from York University in Toronto.

Dr. Richard Lu

MD, MBA, President & CEO, Director

Dr. Richard Lu, MD, MBA, President & CEO, Director — Dr. Lu is an energy industry veteran with more than 25 years of global energy experience developing and implementing growth strategies for organizations in North America, Europe and Asia.

Dr. Lu’s accomplishments include acting as an Independent Director at dynaCERT Inc., a growing high-tech company that specializes in hydrogen application in the transportation industry.

Andrew van Doorn

MD, MBA, President & CEO, Director

Andrew has more than 28 years of executive leadership experience in engineering and construction in the renewable energy and utility sectors. In that time, he has completed solar projects generating more than 200 megawatts.

Andrew’s solar experience includes 32 megawatts of community solar in Minnesota, 28 megawatts built or under construction in New York State, and 20 megawatts of ground mount systems in Ontario.

Tracy Zheng

Chief Administrative Officer

Tracy is an accomplished business strategist with more than 25 years of experience in brand marketing, investments, business development and solar project operations.

She is responsible for managing solar sales teams, project feasibility studies and partnership negotiations. Tracy held senior marketing positions specializing in branding and strategy in Colgate-Palmolive, Clairol and other marketing research and internet companies. She has an MBA from York University in Toronto.

These are just some of the reasons I’m now recommending that my subscribers speak with their investment advisor and seriously consider an investment in SolarBank Corp. (NASDAQ: SUUN).

If you think SolarBank Corp. could be a good fit for your portfolio, I encourage you to start your due diligence. And I recommend you begin with my free Special Report on SolarBank Corp. (NASDAQ: SUUN).

In it you’ll discover why I believe the “secret trick” to designing a well-rounded energy portfolio includes complementing your oil and gas investments with solar stocks that have potential … and why I think my latest subscriber pick, SolarBank, could be the solar stock you’re looking for.

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