Diligence memo · auto-generated · as of July 2, 2026
Morgan Solar Inc.
Morgan Solar Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Morgan Solar Inc. operates in Energy Conservation, based in TORONTO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Morgan Solar Inc. has raised $9.4M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.5M on 2011-05-13.
Most recent recorded round closed around 2011-07-18.
Valuation (modeled)modeled
Provath models Morgan Solar Inc. at approximately $55M (range $3.1M–$300M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.54× the median modeled value of Series A Energy Conservation companies in 2010–2012 (10 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 7 months.
Last raise 15.0 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 2.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 77% of Energy Conservation peers (254 compared).
Modeled value ranks above 69% of those peers.
Closest niche peers: Viridity Energy Inc, Microstaq Inc, EnerG2 Technologies, Inc., Clean Urban Energy, Inc., Power Efficiency Corp.
Peoplefiled
8 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.