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PowerBank (SUNN) investor relations material
PowerBank Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Advanced three community solar projects in Nova Scotia, securing interconnection agreements for a 12.4 MW pipeline.
Launched three new battery energy storage projects in Upstate New York, adding 60 MWh to the portfolio; all three community solar projects in the 21 MW Upstate New York portfolio achieved commercial operation.
Secured a joint development agreement with Nodiac Corp. for distributed AI infrastructure and won a CAD 2.95 million U.S. federal contract for solar projects.
Achieved commercial operation of the SFF 06 battery storage project in Ontario, adding a new recurring IPP revenue stream.
Fiscal 2026 marked a strategic shift from project sales to ownership, resulting in lower revenue but improved gross margin and a narrowed net loss year-over-year.
Financial highlights
Fiscal 2026 revenue was CAD 27.4 million, down 34% from CAD 41.5 million in 2025, mainly due to lower EPC and development fee revenue, partially offset by higher IPP production revenue.
EPC services revenue fell to CAD 16.1 million from CAD 23.3 million; development fee revenue dropped to CAD 0.9 million from CAD 7.7 million; IPP production revenue rose to CAD 9.8 million from CAD 9.3 million.
Gross margin improved to 35% in 2026 from 25% in 2025 and 20% in 2024.
Net loss for 2026 was CAD 24.3 million (CAD 0.58 per share), compared to CAD 31.1 million (CAD 0.97 per share) in 2025 and CAD 3.6 million (CAD 0.13 per share) in 2024.
Adjusted EBITDA loss was CAD 3.5 million, up from a loss of CAD 846,000 in 2025, due to lower gross profit from EPC services and higher operating expenses.
Outlook and guidance
Total development pipeline is approximately 200 MW and 756 MWh, with 15.5 MW under construction and 130 MW in advanced development.
Management expects revenue to return to growth in Fiscal 2027, building on the foundation of new projects and improved financial metrics.
Actively managing permitting for remaining Ontario battery storage projects and pursuing growth in IPP base.
- Gross margin rose to 35% and net loss narrowed, with working capital turning positive.SUNN
Q3 2026 - Rapidly scaling clean energy provider with strong growth, major deals, and a robust project pipeline.SUNN
Investor presentation - Revenue, margins, and cash flow improved; major project wins and pipeline growth drive outlook.SUNN
Q2 2026 - Offering up to C$200M in securities to fund renewable energy growth and project expansion.SUNN
Registration Filing - Q1 revenue up 27%, gross margin at 45%, net income positive, and new solar/storage projects advanced.SUNN
Q1 2026 - Gross margin rose to 25% as IPP revenue soared 1,508%, despite a 29% drop in total revenue.SUNN
Q4 2025 - Q1 revenue up 108% to CAD 16M, assets up 361% after SFF acquisition, net income down on costs.SUNN
Q1 2025 - Expanding solar operations with $1.5B backlog, targeting stable, recurring revenue and future dividends.SUNN
17th Annual LD Micro Main Event Conference - Strategic shift to IPP and asset growth drive recurring revenue despite lower total revenue.SUNN
Q3 2025
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