Analysts Set Expectations for SolarBank FY2026 Earnings

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

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

SolarBank Trading Up 2.7%

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

SolarBank (NASDAQ:SUUN - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.12). The business had revenue of $6.27 million during the quarter, compared to analyst estimates of $20.50 million. SolarBank had a negative net margin of 10.64% and a negative return on equity of 15.19%.

Hedge Funds Weigh In On SolarBank

An institutional investor recently bought a new position in SolarBank stock. Baader Bank Aktiengesellschaft purchased 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. The institutional investor purchased 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.

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