SolarBank (NASDAQ:SUUN - Get Free Report) was upgraded by research analysts at D Boral Capital to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.
Other research analysts have also issued reports about the stock. Alliance Global Partners started coverage on shares of SolarBank in a research note on Wednesday, April 23rd. They set a "buy" rating for the company. D. Boral Capital initiated coverage on shares of SolarBank in a research note on Tuesday. They set a "buy" rating and a $4.00 target price for the company. Finally, HC Wainwright restated a "buy" rating and set a $6.00 price target on shares of SolarBank in a research report on Tuesday, March 18th.
Read Our Latest Research Report on SUUN
SolarBank Stock Performance
Shares of NASDAQ SUUN traded up $0.03 during midday trading on Tuesday, hitting $1.52. The company's stock had a trading volume of 140,982 shares, compared to its average volume of 160,897. SolarBank has a 1-year low of $1.23 and a 1-year high of $6.43. The firm's fifty day moving average price is $1.68 and its 200-day moving average price is $2.57. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.94 and a current ratio of 1.13. The firm has a market cap of $54.17 million, a P/E ratio of -3.38 and a beta of 0.94.
SolarBank (NASDAQ:SUUN - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.12). The firm had revenue of $6.27 million for the quarter, compared to analyst estimates of $20.50 million. SolarBank had a negative net margin of 40.54% and a negative return on equity of 24.80%. On average, sell-side analysts forecast that SolarBank will post -0.04 EPS for the current fiscal year.
Institutional Trading of SolarBank
An institutional investor recently bought a new position in SolarBank stock. Parallel Advisors LLC bought a new position in SolarBank Corporation (NASDAQ:SUUN - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 17,422 shares of the company's stock, valued at approximately $42,000. Parallel Advisors LLC owned approximately 0.05% of SolarBank at the end of the most recent reporting period.
SolarBank Company Profile
(
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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