HC Wainwright Weighs in on PowerBank FY2030 Earnings

Key Points

• HC Wainwright predicts that PowerBank Corporation's FY2030 earnings will reach $0.83 per share, a significant increase from the current consensus estimate of ($0.04) per share.
• For the most recent quarter, PowerBank reported earnings of $0.08 per share, surpassing expected losses and generating $12.14 million in revenue, though this was below the consensus estimate of $21.94 million.
• PowerBank's stock currently has a consensus rating of 'Moderate Buy' with a target price of $5.00, supported by multiple ratings including one Strong Buy and several Buy ratings.

PowerBank Corporation (NASDAQ:SUUN - Free Report) - Research analysts at HC Wainwright issued their FY2030 earnings per share (EPS) estimates for PowerBank in a research report issued to clients and investors on Monday, October 6th. HC Wainwright analyst A. Dayal anticipates that the company will earn $0.83 per share for the year. The consensus estimate for PowerBank's current full-year earnings is ($0.04) per share.

PowerBank (NASDAQ:SUUN - Get Free Report) last posted its quarterly earnings data on Thursday, October 2nd. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.11. PowerBank had a positive return on equity of 2.24% and a negative net margin of 7.86%.The firm had revenue of $12.14 million during the quarter, compared to the consensus estimate of $21.94 million.

Other research analysts have also recently issued reports about the company. D Boral Capital upgraded PowerBank to a "strong-buy" rating in a report on Tuesday, July 8th. Weiss Ratings reissued a "sell (d)" rating on shares of PowerBank in a report on Saturday, September 27th. Finally, D. Boral Capital assumed coverage on shares of PowerBank in a report on Tuesday, July 8th. They issued a "buy" rating and a $4.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $5.00.

PowerBank Stock Performance

NASDAQ:SUUN opened at $1.82 on Tuesday. PowerBank has a twelve month low of $1.23 and a twelve month high of $6.43. The company has a market cap of $66.68 million, a P/E ratio of -11.38 and a beta of 0.80. The company has a current ratio of 0.96, a quick ratio of 0.75 and a debt-to-equity ratio of 3.06. The company's 50-day moving average price is $1.76 and its 200-day moving average price is $1.84.

Hedge Funds Weigh In On PowerBank

A number of hedge funds have recently made changes to their positions in SUUN. Jane Street Group LLC acquired a new stake in PowerBank in the 2nd quarter valued at approximately $28,000. Baader Bank Aktiengesellschaft purchased a new position in shares of PowerBank during the first quarter worth $35,000. Finally, Parallel Advisors LLC boosted its position in shares of PowerBank by 57.4% during the second quarter. Parallel Advisors LLC now owns 27,422 shares of the company's stock worth $42,000 after buying an additional 10,000 shares during the period.

PowerBank 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.