D. Boral Capital began coverage on shares of SolarBank (NASDAQ:SUUN - Free Report) in a research report released on Tuesday,Benzinga reports. The brokerage issued a buy rating and a $4.00 price target on the stock.
Other analysts also recently issued reports about the company. HC Wainwright restated a "buy" rating and set a $6.00 target price on shares of SolarBank in a research note on Tuesday, March 18th. Alliance Global Partners began coverage on SolarBank in a research note on Wednesday, April 23rd. They set a "buy" rating for the company.
Check Out Our Latest Stock Analysis on SolarBank
SolarBank Stock Performance
NASDAQ:SUUN remained flat at $1.50 during mid-day trading on Tuesday. The company's stock had a trading volume of 138,437 shares, compared to its average volume of 159,918. The business has a 50-day simple moving average of $1.73 and a two-hundred day simple moving average of $2.60. The company has a quick ratio of 0.94, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. SolarBank has a one year low of $1.23 and a one year high of $6.43. The company has a market capitalization of $53.16 million, a price-to-earnings ratio of -3.33 and a beta of 0.94.
SolarBank (NASDAQ:SUUN - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.12). The company had revenue of $6.27 million during the quarter, compared to analysts' expectations of $20.50 million. SolarBank had a negative net margin of 40.54% and a negative return on equity of 24.80%. As a group, research analysts anticipate that SolarBank will post -0.04 earnings per share for the current year.
Hedge Funds Weigh In On SolarBank
A hedge fund recently bought a new stake in SolarBank stock. Parallel Advisors LLC purchased a new position in SolarBank Corporation (NASDAQ:SUUN - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 17,422 shares of the company's stock, valued at approximately $42,000. Parallel Advisors LLC owned approximately 0.05% of SolarBank as of its most recent filing with the Securities & Exchange Commission.
About SolarBank
(
Get Free Report)
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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