PowerBank Corporation (NASDAQ:SUUN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

SUUN has been the subject of several research reports. D Boral Capital upgraded shares of PowerBank to a “strong-buy” rating in a research note on Tuesday, July 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of PowerBank in a research note on Tuesday, October 14th. Finally, D. Boral Capital began coverage on shares of 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 2.8%

NASDAQ:SUUN opened at $1.71 on Tuesday. PowerBank has a 12 month low of $1.23 and a 12 month high of $6.43. The firm has a fifty day simple moving average of $1.89 and a 200-day simple moving average of $1.78. The company has a current ratio of 0.96, a quick ratio of 0.75 and a debt-to-equity ratio of 3.06. The company has a market capitalization of $62.65 million, a P/E ratio of -10.69 and a beta of 0.80.

PowerBank (NASDAQ:SUUN) last posted its quarterly earnings data on Thursday, October 2nd. The company reported $0.08 EPS for the quarter, topping the consensus estimate 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 business had revenue of $12.14 million during the quarter, compared to the consensus estimate of $21.94 million. On average, equities research analysts anticipate that PowerBank will post -0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its position in PowerBank by 57.4% during the second quarter. Parallel Advisors LLC now owns 27,422 shares of the company’s stock valued at $42,000 after purchasing an additional 10,000 shares during the period. Jane Street Group LLC acquired a new position in PowerBank during the second quarter valued at $28,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in PowerBank during the first quarter valued at $35,000.

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.