PowerBank's (SUUN) "Sell (E+)" Rating Reiterated at Weiss Ratings

Key Points

• PowerBank's stock received a "sell (E+)" rating from Weiss Ratings, indicating continued concerns about its performance.
• Despite the sell rating, other firms like D. Boral Capital have initiated coverage with a "strong-buy" rating and set a price target of $4.00, reflecting mixed analyst sentiments.
• PowerBank's shares have fallen by 1.0%, closing at $2.02, with an average price target among analysts of $5.00.

PowerBank (NASDAQ:SUUN - Get Free Report)'s stock had its "sell (e+)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

Several other research analysts have also recently commented on the company. D. Boral Capital began coverage on PowerBank in a research report on Tuesday, July 8th. They set a "buy" rating and a $4.00 price target for the company. D Boral Capital raised PowerBank to a "strong-buy" rating in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $5.00.

PowerBank Stock Down 1.0%

Shares of SUUN stock traded down $0.02 on Tuesday, hitting $2.02. 205,750 shares of the stock were exchanged, compared to its average volume of 295,610. 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 firm has a market capitalization of $74.01 million, a P/E ratio of -12.66 and a beta of 0.80. The business has a 50-day moving average of $1.83 and a 200 day moving average of $1.82. PowerBank has a fifty-two week low of $1.23 and a fifty-two week high of $6.43.

PowerBank (NASDAQ:SUUN - Get Free Report) last posted its quarterly earnings data on Thursday, October 2nd. The company reported $0.08 earnings per share for the quarter, topping 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 company had revenue of $12.14 million during the quarter, compared to analysts' expectations of $21.94 million. Equities analysts anticipate that PowerBank will post -0.04 EPS for the current year.

Institutional Trading of PowerBank

Several institutional investors and hedge funds have recently bought and sold shares of the business. Baader Bank Aktiengesellschaft acquired a new stake in PowerBank during the 1st quarter worth approximately $35,000. Jane Street Group LLC acquired a new stake in PowerBank during the 2nd quarter worth approximately $28,000. Finally, Parallel Advisors LLC lifted its holdings in 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 purchasing an additional 10,000 shares during the last quarter.

About PowerBank

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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