SolarBank (NASDAQ:SUUN – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $6.00 target price on the stock. HC Wainwright’s target price would indicate a potential upside of 33.33% from the stock’s current price.
SolarBank Stock Down 3.6 %
Shares of NASDAQ SUUN opened at $4.50 on Tuesday. The firm has a 50 day moving average price of $3.56 and a 200 day moving average price of $3.33. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.68 and a current ratio of 0.91. The stock has a market cap of $145.52 million and a P/E ratio of -20.45. SolarBank has a 52-week low of $1.95 and a 52-week high of $7.50.
SolarBank (NASDAQ:SUUN – Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The firm had revenue of $2.93 million during the quarter, compared to the consensus estimate of $16.44 million. SolarBank had a negative net margin of 10.64% and a negative return on equity of 15.19%. Analysts expect that SolarBank will post -0.04 EPS for the current year.
Hedge Funds Weigh In On SolarBank
About SolarBank
SolarBank Corporation operates as an independent renewable and clean energy project developer and asset operator in Canada and the United States. The company engages in the site origination, development, financing, engineering, procurement, construction, operation, maintenance, and asset management of solar photovoltaic power generation projects.
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