Companies · Other Energy

Solar Nation Inc

PORTLAND · Other Energy

Diligence memoA one-page analyst read on Solar Nation Inc — recommendation, valuation, rhythm, risks.
$3.0M
Total raised · real
3
Rounds
2.4×
Latest step-up
Top 53%
Sector rank · raised
Seed
Latest stage · inferred · Mon Nov 23 2009 00:00:00 GMT+0000 (Coordinated Universal Time)

Solar Nation Inc looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the energy sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.02× the median modeled value of Seed Other Energy companies in 2007–2009 (50 peers) — value vs value, same stage and era.
  • Within the normal band (102% of peer median) for its niche.
Dormant
  • Last raise 16.6 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Energy

Solar Nation Inc is one of 2049 Other Energy companies tracked from PORTLAND. By capital raised it ranks mid-pack (ahead of 48% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$13M$25M$38M$50MPre-Seed · 2008-12-23 Raised $190K (real) Modeled valuation $3.1M (est)$190K$3.1MPre-Seed2008Pre-Seed · 2009-10-26 Raised $850K (real) Modeled valuation $14M (est)$850K$14MPre-Seed2009Seed · 2009-11-23 Raised $2.0M (real) Modeled valuation $26M (est)$2.0M$26MSeed2009+$850K+$2.0MCumulative $3.0M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$190K · 2008
Pre-Seed extension$850K · 2009
Seed$2.0M · 2009

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$26.0M
Base estimate est.
$1.7M
Conservative case
$203.7M
Upside case
$10.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $3.1M · 2008-12-232008Pre-Seed · modeled $13.7M · 2009-10-26Seed · modeled $26.0M · 2009-11-232009
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.38×/yr
Annual markup
1.80×/yr upside case
6.0 yr
Elapsed time used
16.6 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$3.3M/yr
Capital velocity
17.5 yr
On record since
2008
First round
3
Rounds on file
How it compares to the market

Benchmarked against 2049 companies in Other Energy. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.9× of median
This company$3.0M
Sector median$3.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.2× above median
This company$2.0M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 1.5× above median
This company$26.0M
Sector median$17.0M

Raised more than 48% of sector peers (real $). Modeled value above 58% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #25 of 50.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)Heartland Energy Solutions, LLC · Seed Raised $3.9M · modeled $50.9M (est)Western New York Energy Llc · Seed Raised $5.7M · modeled $50.7M (est)Nordic Windpower Ltd. · Seed Raised $7.6M · modeled $49.8M (est)Carbon Green BioEnergy, LLC · Seed Raised $3.7M · modeled $48.0M (est)Newco Environmental, LLC · Seed Raised $3.6M · modeled $46.7M (est)Rochester Resources Ltd · Seed Raised $3.2M · modeled $41.1M (est)Resource Energy Service Corp · Seed Raised $3.0M · modeled $39.3M (est)PetroAlgae Inc. · Seed Raised $3.0M · modeled $38.9M (est)Environmental Power Corp · Seed Raised $3.0M · modeled $38.9M (est)SPP Fund II-B, LLC · Seed Raised $2.8M · modeled $36.5M (est)Altra Inc · Seed Raised $2.8M · modeled $36.4M (est)Solar Components, LLC. · Seed Raised $2.8M · modeled $36.3M (est)Solar Nation Inc (this company) Raised $3.0M · modeled $26.0M (est)Solar Nation Inc
CompanyStageRaised · realValue · estvs peer med.
Heartland Energy Solutions, LLCSeed$3.9M$50.9M2.01×
Western New York Energy LlcSeed$5.7M$50.7M2.00×
Nordic Windpower Ltd.Seed$7.6M$49.8M1.97×
Carbon Green BioEnergy, LLCSeed$3.7M$48.0M1.90×
Newco Environmental, LLCSeed$3.6M$46.7M1.84×
Rochester Resources LtdSeed$3.2M$41.1M1.62×
Resource Energy Service CorpSeed$3.0M$39.3M1.55×
PetroAlgae Inc.Seed$3.0M$38.9M1.54×
Environmental Power CorpSeed$3.0M$38.9M1.54×
SPP Fund II-B, LLCSeed$2.8M$36.5M1.44×
Altra IncSeed$2.8M$36.4M1.43×
Solar Components, LLC.Seed$2.8M$36.3M1.43×
Solar Nation Inc this companySeed$3.0M$26.0M1.02×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$190K2008-12-23$1.1M$3.1M90%
Pre-Seed$850K2009-10-26$4.7M$13.7M90%
Seed$2.0M2009-11-23$10.0M$26.0M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$190K2008-12-23
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$850K2009-10-26
    • Raised 10 mo later, in step with the ~12 mo sector norm.
    • Round 4.5× larger than the prior — scaling up.
  3. Seed$2.0M2009-11-23
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
Intelligence
2010 ~Q2
Modeled next raise · ~6mo cadence
$4.7M
Modeled next size est.range $3.1M$7.5M
2.4×
Last step-up
$3.3M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Daniel Drummond2009-10
DANIEL W. DRUMMOND2009-11
JAMES A. PORTER2009-10
Jeff Jenson2008-12
JEFF W. JENSON2009-11
Paul (Jr.) Hodge2009-10
PAUL (JR.) W. HODGE2008-12
Paul (Sr.) Hodge2009-10
PAUL (SR.) W. HODGE2008-12
Registry & provenance

Solar Nation Inc is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1455341
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Graphenix Development, Inc.Other EnergySeed$3.1M$17.3Msame sector · same stage
Acumentrics Holding CorpOther EnergySeed$3.1M$26.0Msame sector · same stage
Cleanspark, Inc.Other EnergySeed$3.0M$26.0Msame sector · same stage
Night Hawk SWD #1, LLCOther EnergySeed$3.0M$29.5Msame sector · same stage
Prestige SWD LLCOther EnergySeed$3.0M$27.8Msame sector · same stage
Spectrum Solar, LLCOther EnergySeed$3.0M$33.3Msame sector · same stage
Thar Energy LLCOther EnergySeed$3.0M$26.0Msame sector · same stage
Zentility, Inc.Other EnergySeed$3.0M$31.0Msame sector · same stage
Frequently asked
How much funding has Solar Nation Inc raised?
Solar Nation Inc has raised approximately $3.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Solar Nation Inc's estimated valuation?
Provath's modeled valuation for Solar Nation Inc is approximately $26.0M (modeled range $1.7M–$203.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Solar Nation Inc at?
Solar Nation Inc's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Nov 23.
What does Solar Nation Inc do and where is it based?
Solar Nation Inc operates in the Other Energy sector, based in PORTLAND.
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