PowerBank Corporation (NASDAQ:SUUN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

by · The Markets Daily

PowerBank Corporation (NASDAQ:SUUN – Get Free Report) has earned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $5.00.

Several research analysts have recently commented on SUUN shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PowerBank in a report on Tuesday, October 14th. Wall Street Zen lowered PowerBank from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th.

Read Our Latest Stock Report on SUUN

PowerBank Trading Down 7.7%

Shares of PowerBank stock opened at $1.44 on Wednesday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.67 and a current ratio of 0.97. The firm has a 50-day moving average of $1.70 and a 200-day moving average of $1.67. PowerBank has a 52-week low of $1.23 and a 52-week high of $6.43. The stock has a market cap of $54.36 million, a PE ratio of -9.00 and a beta of 0.77.

PowerBank (NASDAQ:SUUN – Get Free Report) last released its quarterly earnings results on Thursday, October 2nd. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.11. PowerBank had a negative net margin of 7.07% and a positive return on equity of 3.48%. The business had revenue of $12.14 million for the quarter, compared to analyst estimates of $21.94 million. As a group, sell-side analysts forecast that PowerBank will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SUUN. Citadel Advisors LLC bought a new stake in PowerBank during the third quarter worth about $52,000. NWF Advisory Services Inc. acquired a new position in shares of PowerBank in the 3rd quarter valued at approximately $46,000. Jane Street Group LLC acquired a new position in shares of PowerBank in the 2nd quarter valued at approximately $28,000. Finally, Parallel Advisors LLC lifted 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 acquiring an additional 10,000 shares during the period.

PowerBank Company Profile

(Get Free Report)

PowerBank Corporation, formerly known as 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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