Minggu, 15 Juni 2025

Goldman Sachs Just Bought 5.4% of This $2 Stock

 
Katusa Research
 

Disseminated on behalf of SolarBank Corporation (NASDAQ: SUUN)


Two days ago I showed you how solar hit escape velocity.

Today I need to tell you about the company that's doing something with that solar power that nobody saw coming.

They're converting 100% of their net cash flows from a solar farm on an old garbage dump... directly into Bitcoin.

Not mining it. Not trading it. Just turning sunshine on a landfill into digital gold.

When I first read their announcement, I thought it was a joke. Then I saw who was buying in:

Goldman Sachs quietly acquired 5.4% of this sub $2 small-cap last month. Before that, Honeywell threw in $41 million for projects. A $100 million facility with CIM Group was announced.

When sharks this big circle a company this small, something massive is happening.


The company is SolarBank Corporation (NASDAQ: SUUN) — and they're not some wild startup.

They've been building solar projects for over a decade, with 100+ MW already completed construction and a 1-Gigawatt pipeline in development. They have real partnerships with real companies.

But what they announced last week breaks every rule of corporate finance.

Once operational, they're taking every dollar of profit from their Geddes Solar Project—built on a closed landfill—and intending to convert it directly into Bitcoin through Coinbase Prime.

While everyone else holds cash that loses 8% annually to inflation, they're accumulating an asset that's averaged 150% annual returns over the past decade (despite massive volatility, and note past performance isn’t indicative of future results).

 

Here's what's coming over the next 2 days:

  • Tomorrow: "Streaming for Profit" How battery costs crashing below $100/MWh just turned solar into a 24/7 money printer. I'll show you why their Ontario contracts paying $1,221/MW-day for 22 YEARS are just the beginning. This is solar's "Netflix moment"— and early movers are positioning now.
  • Day After: "The Power Bank of America" The full breakdown of SolarBank's "invisible currency" strategy—how they're moving up the solar value chain to capture premium prices. Is the strategy risky? Absolutely.
Bitcoin could crash 80% tomorrow. Solar projects can fail. Financing and permits are required for projects. Government incentives can change.

But that's why the risk/reward is so compelling.


SolarBank’s Bitcoin treasury strategy piece is already live:
 

Fair warning: Each piece of this story builds on the last.

By the time you see the full picture, you'll understand why institutional money is moving.

Regards,

Marin Katusa and the KR Special Situations Team

P.S. SolarBank trades under $2 right now. But with Goldman Sachs on board and a strategy this bold, that valuation could change fast. We invite you to review our research with your due diligence.
 
 
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SolarBank Corp. is a paid sponsor of this report.

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HIGHLY BIASED: In our role, we aim to highlight specific companies for your further investigation; however, these are not stock recommendations, nor do they constitute an offer or sale of the referenced securities. Katusa Research partner company, New Era Publishing Inc. has received cash compensation in the amount of nine hundred thousand dollars from SolarBank Corp. for a 6 month marketing agreement starting January 1, 2025, and is thus extremely biased. SolarBank has paid an additional $450 thousand dollars for an additional 3 month marketing campaign on June 1. It is crucial that you conduct your own research prior to investing. This includes reading the companies’ SEDAR and SEC filings, press releases, and risk disclosures. The information contained herein regarding SolarBank Corp. has been derived from its SEDAR+ and SEC filings, including scientific and technical information. Information regarding the projects underlying SolarBank Corp.’s interests has been derived from the publicly available disclosure of the underlying operators and owners, including where referenced herein.

Katusa Research, and its directors, employees, and members of their households do not own shares of SolarBank Corp (SUUN.Nasdaq). However, Katusa Research is extremely biased since this is a sponsored editorial.


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FORWARD-LOOKING STATEMENTS: This report contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. In particular and without limitation, this report contains forward-looking statements pertaining to the Company’s expectations regarding its industry trends and overall market growth; the Company’s growth strategies the expected energy production from the solar power projects mentioned in this report; the number of homes expected to be powered by the Company’s development projects; the reduction of carbon emissions; the receipt of incentives for the projects; the expected value of EPC Contracts; and the size of the Company’s development pipeline. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. These statements speak only as of the date of this report.

Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate and are subject to risks and uncertainties. In making the forward looking statements included in this report, the Company has made various material assumptions, including but not limited to: obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company’s ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company’s ability to attract and retain skilled staff; market competition; the products and services offered by the Company’s competitors; that the Company’s current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements.

Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under "Forward-Looking Statements" and "Risk Factors" in the Company’s Annual Information Form for the most recently completed financial year, and other public filings of the Company, which include: the Company may be adversely affected by volatile solar power market and industry conditions; the execution of the Company’s growth strategy depends upon the continued availability of third-party financing arrangements; the Company’s future success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may have an adverse impact on our operating performance and results of operations; the Company’s project development and construction activities may not be successful; developing and operating solar projects exposes the Company to various risks; the Company faces a number of risks involving Power Purchase Agreements (“PPAs”) and project-level financing arrangements; any changes to the laws, regulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use of solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation could adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign exchange rate fluctuations; a change in the Company’s effective tax rate can have a significant adverse impact on its business; seasonal variations in demand linked to construction cycles and weather conditions may influence the Company’s results of operations; the Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional indebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation; unexpected warranty expenses that may not be adequately covered by the Company’s insurance policies; if the Company is unable to attract and retain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers of utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility may adversely impose additional costs; the Company has limited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks; the Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will continue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders; and future dilution as a result of financings.

The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this report are expressly qualified in their entirety by this cautionary statement.

There are several risks associated with the development of the projects detailed in this report. The development of any project is subject to the continued availability of third-party financing arrangements for the project owners and the risks associated with the construction of a solar power project. There is no certainty the projects disclosed in this report will be completed on schedule or that they will operate in accordance with their design capacity. If the EPC agreements are terminated, then SolarBank will not realize the full contract value. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for solar power, which could result in future projects no longer being economic.

SolarBank is expanding into the data center industry, but it does not currently have any data center projects under development or that it has secured rights to. SolarBank does not have any contracts with the parties mentioned in this news release. It is in discussions with various other parties regarding potential data center opportunities and will provide details in a future news release if an agreement to acquire or develop a data center is concluded. The development of any data center project is subject to identifying a suitable project site, receipt of required permits, entry into contracts for construction and the use of the data center, the availability of third-party financing arrangements for the Company and the risks associated with the construction of a data center.

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