HC Wainwright Estimates PowerBank FY2030 Earnings

PowerBank Corporation (NASDAQ:SUUN) – Analysts at HC Wainwright issued their FY2030 earnings estimates for PowerBank in a note issued to investors on Monday, October 6th. HC Wainwright analyst A. Dayal expects that the company will post earnings of $0.83 per share for the year. The consensus estimate for PowerBank’s current full-year earnings is ($0.04) per share.

Other equities research analysts have also recently issued reports about the stock. D. Boral Capital initiated coverage on shares of PowerBank in a research report on Tuesday, July 8th. They set a “buy” rating and a $4.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PowerBank in a report on Saturday, September 27th. Finally, D Boral Capital upgraded shares of PowerBank to a “strong-buy” rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

PowerBank Stock Up 13.0%

Shares of NASDAQ:SUUN opened at $1.82 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.96 and a debt-to-equity ratio of 3.06. PowerBank has a fifty-two week low of $1.23 and a fifty-two week high of $6.43. The stock has a market cap of $66.68 million, a price-to-earnings ratio of -11.38 and a beta of 0.80. The firm’s 50 day moving average price is $1.76 and its 200 day moving average price is $1.84.

PowerBank (NASDAQ:SUUN) last released its earnings results on Thursday, October 2nd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.11. The firm had revenue of $12.14 million during the quarter, compared to analysts’ expectations of $21.94 million. PowerBank had a positive return on equity of 2.24% and a negative net margin of 7.86%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Baader Bank Aktiengesellschaft purchased a new stake in shares of PowerBank in the first quarter valued at about $35,000. Parallel Advisors LLC acquired a new position in PowerBank in the 1st quarter valued at about $42,000. Finally, Jane Street Group LLC acquired a new position in PowerBank in the 2nd quarter valued at about $28,000.

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.