PowerBank Corporation (NASDAQ:SUUN) Receives Consensus Rating of "Buy" from Analysts

Key Points

• PowerBank Corporation (NASDAQ:SUUN) has received an average consensus rating of “Buy” from four analysts, with one issuing a strong buy recommendation.
• The company's recent earnings report showed an EPS of $0.08, beating estimates, although revenue was below expectations at <$strong>12.14 million compared to an estimated $21.94 million.
• Shares closed down 4.2% at $1.61, amidst recent trading activity showcasing significant fluctuations in the company’s stock price.

PowerBank Corporation (NASDAQ:SUUN - Get Free Report) has received an average recommendation of "Buy" from the four analysts that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $5.00.

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of PowerBank in a research report on Saturday, September 27th. D Boral Capital raised shares of PowerBank to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, D. Boral Capital started coverage on shares of PowerBank in a research note on Tuesday, July 8th. They set a "buy" rating and a $4.00 target price for the company.

PowerBank Trading Down 4.2%

Shares of SUUN traded down $0.07 during mid-day trading on Friday, reaching $1.61. The company had a trading volume of 434,350 shares, compared to its average volume of 292,006. The stock has a market cap of $58.99 million, a price-to-earnings ratio of -3.58 and a beta of 0.81. The firm has a fifty day simple moving average of $1.75 and a 200-day simple moving average of $1.91. PowerBank has a fifty-two week low of $1.23 and a fifty-two week high of $6.43. The company has a current ratio of 1.13, a quick ratio of 0.94 and a debt-to-equity ratio of 0.98.

PowerBank (NASDAQ:SUUN - Get Free Report) last posted its earnings results on Thursday, October 2nd. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.11. The business had revenue of $12.14 million for the quarter, compared to analyst estimates of $21.94 million. PowerBank had a negative net margin of 40.54% and a negative return on equity of 24.80%. On average, sell-side analysts anticipate that PowerBank will post -0.04 EPS for the current fiscal year.

Institutional Trading of PowerBank

Several large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in shares of PowerBank by 57.4% during the 2nd 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. Jane Street Group LLC bought a new position in PowerBank during the 2nd quarter valued at about $28,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in PowerBank in the 1st quarter valued at about $35,000.

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.

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