Zacks Small Cap Decreases Earnings Estimates for SolarBank

SolarBank Co. (NASDAQ:SUUN) – Equities researchers at Zacks Small Cap dropped their FY2026 earnings estimates for shares of SolarBank in a note issued to investors on Monday, May 19th. Zacks Small Cap analyst B. Lantier now expects that the company will post earnings per share of $0.03 for the year, down from their previous forecast of $0.06. The consensus estimate for SolarBank’s current full-year earnings is ($0.04) per share.

A number of other brokerages also recently weighed in on SUUN. Alliance Global Partners started coverage on shares of SolarBank in a report on Wednesday, April 23rd. They set a “buy” rating on the stock. HC Wainwright reissued a “buy” rating and set a $6.00 price target on shares of SolarBank in a research report on Tuesday, March 18th.

SolarBank Stock Down 7.5%

SolarBank stock opened at $1.73 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.92. SolarBank has a 1-year low of $1.70 and a 1-year high of $6.65. The company has a fifty day simple moving average of $2.45 and a 200 day simple moving average of $2.83. The company has a market cap of $55.94 million and a P/E ratio of -7.86.

SolarBank (NASDAQ:SUUN) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.12). The business had revenue of $6.27 million during the quarter, compared to analyst estimates of $20.50 million. SolarBank had a negative net margin of 10.64% and a negative return on equity of 15.19%.

Hedge Funds Weigh In On SolarBank

A hedge fund recently bought a new stake in SolarBank stock. Parallel Advisors LLC bought a new position in shares of SolarBank Co. (NASDAQ:SUUN) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,422 shares of the company’s stock, valued at approximately $42,000. Parallel Advisors LLC owned about 0.05% of SolarBank at the end of the most recent reporting period.

About SolarBank

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.