SolarBank Co. (NASDAQ:SUUN - Free Report) - Analysts at HC Wainwright decreased their FY2025 earnings 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 per share of ($0.27) for the year, down from their previous estimate of ($0.01). HC Wainwright currently has a "Buy" rating and a $6.00 target price 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 began coverage on SolarBank in a research report on Wednesday, April 23rd. They issued a "buy" rating for the company.
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SolarBank Price Performance
Shares of NASDAQ SUUN traded down $0.06 during mid-day trading on Monday, reaching $1.50. The company had a trading volume of 32,686 shares, compared to its average volume of 106,446. The company has a 50-day moving average price of $2.20 and a two-hundred day moving average price of $2.78. The stock has a market cap of $48.34 million and a PE ratio of -6.80. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.92. SolarBank has a 1-year low of $1.48 and a 1-year high of $6.65.
SolarBank (NASDAQ:SUUN - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.12). SolarBank had a negative return on equity of 15.19% and a negative net margin of 10.64%. The business had revenue of $6.27 million during the quarter, compared to analyst estimates of $20.50 million.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in SolarBank stock. Baader Bank Aktiengesellschaft acquired a new position in SolarBank Co. (NASDAQ:SUUN - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 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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