PowerBank Corporation (NASDAQ:SUUN) Receives $5.00 Average Price Target from Analysts

Shares of PowerBank Corporation (NASDAQ:SUUN) have earned an average rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $5.00.

Several equities analysts have weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of PowerBank in a report on Saturday, September 27th. D Boral Capital upgraded PowerBank to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, D. Boral Capital initiated coverage on PowerBank in a research report on Tuesday, July 8th. They set a “buy” rating and a $4.00 target price for the company.

PowerBank Trading Down 4.2%

Shares of NASDAQ SUUN opened at $1.61 on Friday. The business has a 50 day simple moving average of $1.75 and a 200 day simple moving average of $1.85. PowerBank has a 52 week low of $1.23 and a 52 week high of $6.43. The stock has a market cap of $58.99 million, a price-to-earnings ratio of -10.06 and a beta of 0.80. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.75 and a current ratio of 0.96.

PowerBank (NASDAQ:SUUN) last posted its earnings results on Thursday, October 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.11. PowerBank had a negative net margin of 7.86% and a positive return on equity of 2.24%. The firm had revenue of $12.14 million during the quarter, compared to analysts’ expectations of $21.94 million. On average, research analysts predict that PowerBank will post -0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PowerBank

A number of hedge funds have recently bought and sold shares of SUUN. Jane Street Group LLC acquired a new stake in shares of PowerBank in the second quarter valued at about $28,000. Parallel Advisors LLC acquired a new stake in shares of PowerBank in the first quarter worth $42,000. Finally, Baader Bank Aktiengesellschaft bought a new position in PowerBank during the first quarter worth $35,000.

About PowerBank

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.