D. Boral Capital assumed coverage on shares of SolarBank (NASDAQ:SUUN - Free Report) in a report published on Tuesday,Benzinga reports. The brokerage issued a buy rating and a $4.00 target price on the stock.
Other equities analysts have also issued research reports about the company. Alliance Global Partners assumed coverage on SolarBank in a research report on Wednesday, April 23rd. They issued a "buy" rating for the company. HC Wainwright reaffirmed a "buy" rating and set a $6.00 price target on shares of SolarBank in a research note on Tuesday, March 18th.
Get Our Latest Stock Report on SUUN
SolarBank Trading Up 1.7%
Shares of NASDAQ SUUN traded up $0.03 during midday trading on Tuesday, hitting $1.52. The stock had a trading volume of 120,049 shares, compared to its average volume of 160,335. The company has a market capitalization of $53.93 million, a price-to-earnings ratio of -3.37 and a beta of 0.94. SolarBank has a 1-year low of $1.23 and a 1-year high of $6.43. The company has a quick ratio of 0.94, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average price of $1.71 and a 200 day moving average price of $2.58.
SolarBank (NASDAQ:SUUN - Get Free Report) last issued 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). SolarBank had a negative net margin of 40.54% and a negative return on equity of 24.80%. The firm had revenue of $6.27 million during the quarter, compared to the consensus estimate of $20.50 million. On average, analysts predict that SolarBank will post -0.04 earnings per share for the current year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in SolarBank stock. Baader Bank Aktiengesellschaft purchased a new stake in SolarBank Corporation (NASDAQ:SUUN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,342 shares of the company's stock, valued at approximately $35,000.
About SolarBank
(
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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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