Stardust Solar Energy Inc. (OTCQB: SUNXF) features frequent news updates that reflect its dual role as a renewable energy franchisor and a diversified solar royalty company. Company announcements highlight developments across residential, commercial, and utility-scale markets, as well as progress in its North American franchise network and international initiatives.
News items often cover franchise expansion milestones, such as the company’s reports of reaching 100 franchises globally and adding new territories in Canada and the United States. Releases also describe the award of a national franchise in Zambia and the growth of a signed project backlog across its network, which the company uses as an indicator of installation activity and future revenue potential.
Stardust Solar’s news flow includes updates on financial and operating performance, including reported quarterly revenue, gross margin, backlog, and cash flow measures. The company has highlighted periods in which it achieved record revenues and its first-ever EBITDA-positive quarter, and it provides additional context through non-IFRS metrics such as signed contracts and backlog.
In addition, the company issues news on strategic initiatives, including its approval as a BC Hydro Alliance contractor, the launch of the AI-enabled StarDroid residential energy optimization device under exclusive North American rights, and the securing of a 20-year, 30-megawatt power purchase agreement in Zambia with a state-owned utility. These updates illustrate how Stardust Solar combines franchise operations, royalty interests, and technology-enabled offerings. Investors and observers can use this news page to review the company’s disclosed project wins, franchise growth, policy-related developments, and capital markets updates over time.
Stardust Solar Energy (SUNXF) has launched a Canadian franchise serving Muskoka, Kawartha Lakes, Peterborough and Haliburton in Ontario. Local entrepreneurs Rob and Chrissy Farrell lead the franchise, which will offer residential and commercial solar installations, battery storage and customized energy solutions. It will serve year-round homeowners, cottage owners and commercial customers, with support from Stardust's franchise network and training capabilities.
Ontario's Home Renovation Savings Program offers eligible homeowners up to $10,000 in combined solar and battery rebates, covering up to 50% of eligible costs. Alternatively, eligible net-metering customers can receive electricity bill credits for surplus solar power supplied to the grid. Net metering cannot be combined with the solar rebate for the same system.
Stardust Solar Energy (SUNXF) has launched a province-wide Manitoba franchise led by the management team behind electrical contractor Southside Electric.
The franchise is owned by Jason Geddes and managed by Ryan Pasieczka. It will offer solar installations and battery storage for residential, commercial, agricultural and community housing projects, drawing on Southside Electric's operational infrastructure and builder relationships.
Stardust Solar sees Manitoba as an expansion opportunity supported by electricity rates and customer incentives. Eligible businesses can receive Efficiency Manitoba solar rebates of $0.75 per watt, while homeowners may qualify for $0.50 per watt, up to $5,000. Eligible businesses may also qualify for a federal Clean Technology Investment Tax Credit of up to 30%, subject to applicable requirements.
Stardust Solar Energy (OTCQB: SUNXF) closed a non-brokered private placement with KW Capital Partners, raising gross proceeds of $641,000. The offering issued 641 senior secured convertible debenture units at $1,000 each. The company intends to use net proceeds to repay principal and accrued interest on debentures issued February 17, 2026.
The new debt matures February 17, 2028, pays 12% annual interest in cash and carries a 25% annual rate upon default. Principal is convertible into common shares at $0.075 per share in the first year and $0.10 thereafter, subject to a $0.05 floor. Each unit also includes 13,333 warrants exercisable at $0.10 per share for 24 months after closing. The debt uses the same collateral security documents as the existing debentures.
Stardust Solar Energy (SUNXF) has terminated franchise rights for 10 operators covering 16 territories as part of a network review. The operator base falls from 41 to 31, while all 102 territories remain in the system. Head office has assumed control of the reclaimed territories.
The terminated operators represented approximately 24% of franchise operators and generated ~11% of franchise network revenue over the last 12 months. The remaining operators represented approximately 89% of that revenue. Stardust plans to market select reclaimed territories to qualified prospective franchisees, potentially generating new franchise fees and other revenue.
Stardust Solar Energy (SUNXF) announced expansion into Québec with its first franchise offering in the province, supported by rising solar demand and new Hydro-Québec incentives.
Stardust reports 17 franchise applications and 487 organic solar quote requests in Québec in 2026, without paid advertising. Hydro-Québec’s new incentive offers $1,000 per installed kW, covering up to 40% of eligible costs, with estimated support of $5,000–$6,000 for residential customers and about $45,000 for businesses, and could cut solar payback periods by more than 50%. The utility targets 3 GW of solar capacity by 2035 and has raised its net metering self-generation cap from 50 kW to 1 MW. Stardust plans to establish 20–40 franchise territories in Québec, leveraging seven years of local relationships and solar training activity to scale its distributed-energy platform.
Stardust Solar (OTCQB: SUNXF) reported Q2 2026 revenue of $637,349, down 47% from $1.21 million in Q2 2025, as it shifted away from lower-margin product sales toward franchise, training and recurring revenue, which rose to ~63% of total revenue from ~38%.
Gross margin increased to 59.2% from 42.2%, while training revenue grew 74% and related gross profit 110%. Operating expenses fell 14% in Q2 and 19% year-to-date, driving a ~47% improvement in six-month comprehensive loss. Cash rose 26% from year-end, total assets increased 16% to $1.55 million, liabilities declined 4%, and the working capital deficit narrowed by about $181,000, lifting the current ratio to 0.69 from 0.58.
Stardust raised approximately $833,000 via private placement and repaid about $483,000 of debt. It advanced its 30 MW Zambia solar project, which received final government approval and an Implementation Agreement after quarter-end, and onboarded the first customer to its Lease-to-Own financing pilot, while exploring expansion in Mexico and the Caribbean.
Stardust Solar Energy (TSXV:SUN, OTCQB:SUNXF, FSE:6330) highlighted new BNN Bloomberg coverage of its flagship 30 MW utility-scale solar project in Zambia and its global growth strategy. The feature follows final Government of Zambia approval to execute the project's Implementation Agreement and details the project's commercial framework, proposed SPV and debt‑equity structure, selected vendors, and estimated financials.
Stardust, positioned as project developer, estimates approximately US$30 million in project development revenue based on current budgets and quotations from POWERCHINA, Gamma Power Systems and Stardust. According to POWERCHINA's analysis, the 20‑year Power Purchase Agreement (PPA) with ZESCO at US$0.07/kWh forecasts about US$90–100 million in gross energy sales. Key agreements include the PPA with ZESCO, a Direct Agreement, an Implementation Agreement from Zambia's Ministry of Energy, a sovereign payment guarantee, and conditional Export Development Canada insurance of up to US$2 million. With this framework in place, the project is moving from planning into its financing phase as Stardust engages prospective equity and debt partners for the proposed SPV.
Stardust Solar Energy (OTCQB: SUNXF) announced it has received final approval from Zambia’s Ministry of Energy and executed an Implementation Agreement for its flagship 30 MW utility-scale solar PV project in the Kalulushi District, Copperbelt Province.
The agreement, signed by the Ministry, Stardust, and local franchisee Megatricity Energy, establishes the legal framework for development, construction, commissioning, and long-term operation. Project preparations and EPC design are complete, and the next milestone is securing strategic project financing via a combined debt-equity SPV structure to enable construction.
Stardust Solar Energy (TSXV: SUN, OTCQB: SUNXF, FSE: 6330) announced an expanded strategy focused on building, owning, and operating decentralized renewable energy assets to generate long-term recurring revenue. The company plans to leverage its franchise network and financing platform to prioritize ownership of energy-producing assets across Lease-to-Own, Community Solar, battery storage, commercial systems, and utility-scale projects.
Stardust recently launched its first Lease-to-Own residential solar program in Atlanta, Georgia, retaining asset ownership while offering homeowners predictable monthly payments. It is also preparing to pursue projects under BC Hydro’s Community Generation Program in British Columbia. Internationally, Stardust is developing a 30 MW utility-scale solar project in Zambia under a 20-year Power Purchase Agreement, expected to provide long-term contracted revenue and support a diversified portfolio of decentralized renewable energy infrastructure.
Stardust Solar Energy (TSXV: SUN, OTCQB: SUNXF, FSE: 6330) reported that all resolutions at its June 30, 2026 Annual Meeting were approved. Shareholders elected five directors, reappointed Davidson & Company as auditor, increased the maximum common shares reserved under the Omnibus Plan to 9,949,048, and ratified the amended Omnibus Plan dated May 20, 2026.