Zacks Small Cap Decreases Earnings Estimates for SolarBank

SolarBank Co. (NASDAQ:SUUN) – Zacks Small Cap cut their FY2026 earnings per share estimates for SolarBank in a report issued on Monday, May 19th. Zacks Small Cap analyst B. Lantier now forecasts that the company will post earnings of $0.03 per share for the year, down from their prior forecast of $0.06. The consensus estimate for SolarBank’s current full-year earnings is ($0.04) per share.

SolarBank (NASDAQ:SUUN) last issued its earnings results on Thursday, May 15th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.12). SolarBank had a negative return on equity of 15.19% and a negative net margin of 10.64%. The company had revenue of $6.27 million for the quarter, compared to analysts’ expectations of $20.50 million.

A number of other equities research analysts also recently issued reports on SUUN. Alliance Global Partners began coverage on shares of SolarBank in a research report on Wednesday, April 23rd. They set a “buy” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $6.00 price objective on shares of SolarBank in a report on Tuesday, March 18th.

SolarBank Stock Up 2.7%

SUUN stock opened at $1.87 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average price is $2.57 and its 200 day moving average price is $2.84. SolarBank has a 52 week low of $1.79 and a 52 week high of $6.70. The company has a market cap of $60.47 million and a P/E ratio of -8.50.

Institutional Investors Weigh In On SolarBank

An institutional investor recently bought a new position in SolarBank stock. Baader Bank Aktiengesellschaft bought a new position in shares of SolarBank Co. (NASDAQ:SUUN) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,342 shares of the company’s stock, valued at approximately $35,000.

SolarBank Company Profile

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.