SolarBank Co. (NASDAQ:SUUN - Free Report) - Analysts at HC Wainwright decreased their FY2025 earnings per share estimates for shares of SolarBank in a report issued on Wednesday, May 21st. HC Wainwright analyst A. Dayal now expects that the company will post earnings of ($0.27) per share for the year, down from their prior forecast of ($0.01). HC Wainwright has a "Buy" rating and a $6.00 price objective on the stock. The consensus estimate for SolarBank's current full-year earnings is ($0.04) per share. HC Wainwright also issued estimates for SolarBank's Q4 2025 earnings at ($0.07) EPS, FY2026 earnings at ($0.09) EPS, FY2027 earnings at $0.09 EPS, FY2028 earnings at $0.27 EPS and FY2029 earnings at $0.46 EPS.
Separately, Alliance Global Partners assumed coverage on SolarBank in a research report on Wednesday, April 23rd. They set a "buy" rating on the stock.
Check Out Our Latest Stock Analysis on SolarBank
SolarBank Trading Down 3.1%
Shares of NASDAQ SUUN traded down $0.05 during trading hours on Monday, hitting $1.54. 87,122 shares of the company traded hands, compared to its average volume of 106,832. The stock has a market capitalization of $49.80 million and a price-to-earnings ratio of -7.00. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.92. The company's 50 day moving average price is $2.20 and its 200 day moving average price is $2.78. SolarBank has a 12 month low of $1.53 and a 12 month high of $6.65.
SolarBank (NASDAQ:SUUN - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.12). The firm had revenue of $6.27 million during the quarter, compared to the consensus estimate of $20.50 million. SolarBank had a negative return on equity of 15.19% and a negative net margin of 10.64%.
Hedge Funds Weigh In On SolarBank
A hedge fund recently bought a new stake in SolarBank stock. Parallel Advisors LLC bought a new position in SolarBank Co. (NASDAQ:SUUN - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 17,422 shares of the company's stock, valued at approximately $42,000. Parallel Advisors LLC owned 0.05% of SolarBank at the end of the most recent quarter.
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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