SolarBank (NASDAQ:SUUN - Get Free Report) was upgraded by research analysts at D Boral Capital to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.
Several other research firms also recently issued reports on SUUN. Alliance Global Partners assumed coverage on SolarBank in a research note on Wednesday, April 23rd. They issued a "buy" rating for the company. HC Wainwright restated a "buy" rating and issued a $6.00 price target on shares of SolarBank in a research note on Tuesday, March 18th. Finally, D. Boral Capital assumed coverage on SolarBank in a research note on Tuesday. They issued a "buy" rating and a $4.00 price target for the company.
Read Our Latest Stock Report on SolarBank
SolarBank Stock Performance
Shares of SUUN stock traded down $0.03 during trading on Tuesday, reaching $1.49. 94,975 shares of the company's stock were exchanged, compared to its average volume of 160,444. The company has a quick ratio of 0.94, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $53.00 million, a PE ratio of -3.31 and a beta of 0.94. SolarBank has a twelve month low of $1.23 and a twelve month high of $6.43. The firm's fifty day moving average price is $1.71 and its 200-day moving average price is $2.58.
SolarBank (NASDAQ:SUUN - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.12). The business had revenue of $6.27 million for the quarter, compared to analyst estimates of $20.50 million. SolarBank had a negative return on equity of 24.80% and a negative net margin of 40.54%. As a group, sell-side analysts anticipate that SolarBank will post -0.04 EPS for the current year.
Institutional Trading of SolarBank
A hedge fund recently bought a new stake in SolarBank stock. Parallel Advisors LLC bought a new stake in shares of SolarBank Corporation (NASDAQ:SUUN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.
About SolarBank
(
Get Free Report)
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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