Zacks Small Cap Decreases Earnings Estimates for SolarBank

SolarBank Co. (NASDAQ:SUUN - Free Report) - Equities research analysts at Zacks Small Cap lowered their FY2026 earnings estimates for shares of SolarBank in a report issued on Monday, May 19th. Zacks Small Cap analyst B. Lantier now anticipates that the company will post earnings per share of $0.03 for the year, down from their prior estimate of $0.06. The consensus estimate for SolarBank's current full-year earnings is ($0.04) per share.

SolarBank (NASDAQ:SUUN - Get Free Report) last released its quarterly 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). The firm had revenue of $6.27 million for the quarter, compared to analysts' expectations of $20.50 million. SolarBank had a negative return on equity of 15.19% and a negative net margin of 10.64%.

SUUN has been the topic of several other research reports. HC Wainwright reissued a "buy" rating and set a $6.00 price target on shares of SolarBank in a research report on Tuesday, March 18th. Alliance Global Partners assumed coverage on shares of SolarBank in a research note on Wednesday, April 23rd. They set a "buy" rating on the stock.

SolarBank Stock Performance

SolarBank stock remained flat at $1.76 during midday trading on Wednesday. The company had a trading volume of 44,886 shares, compared to its average volume of 106,191. The business has a 50-day simple moving average of $2.34 and a 200-day simple moving average of $2.81. SolarBank has a 12 month low of $1.70 and a 12 month high of $6.65. The firm has a market capitalization of $56.91 million and a price-to-earnings ratio of -8.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.68 and a current ratio of 0.91.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SolarBank stock. Parallel Advisors LLC bought a new position in shares of SolarBank Co. (NASDAQ:SUUN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,422 shares of the company's stock, valued at approximately $42,000. Parallel Advisors LLC owned approximately 0.05% of SolarBank at the end of the most recent quarter.

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.