PowerBank Corporation (NASDAQ:SUUN) Given Average Recommendation of “Moderate Buy” by Brokerages

PowerBank Corporation (NASDAQ:SUUN) has been given an average rating of “Moderate Buy” by the five research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $5.00.

Several equities research analysts have weighed in on the stock. D. Boral Capital assumed coverage on shares of PowerBank in a research note on Tuesday, July 8th. They issued a “buy” rating and a $4.00 target price for the company. D Boral Capital upgraded shares of PowerBank to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of PowerBank in a research note on Tuesday, October 14th.

PowerBank Stock Performance

Shares of SUUN stock opened at $1.71 on Tuesday. The firm has a market cap of $62.65 million, a price-to-earnings ratio of -10.69 and a beta of 0.80. The company’s 50 day moving average is $1.89 and its 200 day moving average is $1.78. The company has a quick ratio of 0.75, a current ratio of 0.96 and a debt-to-equity ratio of 3.06. PowerBank has a 52-week low of $1.23 and a 52-week high of $6.43.

PowerBank (NASDAQ:SUUN) last issued its quarterly earnings data on Thursday, October 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.11. The company had revenue of $12.14 million for the quarter, compared to analyst estimates of $21.94 million. PowerBank had a negative net margin of 7.86% and a positive return on equity of 2.24%. On average, sell-side analysts anticipate that PowerBank will post -0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On PowerBank

Several institutional investors have recently bought and sold shares of SUUN. Jane Street Group LLC acquired a new stake in PowerBank in the second quarter valued at approximately $28,000. Baader Bank Aktiengesellschaft acquired a new stake in PowerBank in the first quarter valued at approximately $35,000. Finally, Parallel Advisors LLC boosted its stake in PowerBank by 57.4% in the second quarter. Parallel Advisors LLC now owns 27,422 shares of the company’s stock valued at $42,000 after acquiring an additional 10,000 shares in the last quarter.

PowerBank 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.