HC Wainwright Estimates PowerBank FY2030 Earnings

PowerBank Corporation (NASDAQ:SUUN) – Research analysts at HC Wainwright issued their FY2030 earnings per share estimates for shares of PowerBank in a research note issued on Monday, October 6th. HC Wainwright analyst A. Dayal forecasts 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.

PowerBank (NASDAQ:SUUN) last released its quarterly 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 for the quarter, compared to analyst estimates of $21.94 million. PowerBank had a positive return on equity of 2.24% and a negative net margin of 7.86%.

Several other equities analysts have also commented on SUUN. D. Boral Capital initiated coverage on PowerBank in a research report on Tuesday, July 8th. They set a “buy” rating and a $4.00 price target on the stock. D Boral Capital upgraded PowerBank to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PowerBank in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, PowerBank has an average rating of “Moderate Buy” and an average target price of $5.00.

PowerBank Stock Performance

PowerBank stock opened at $1.93 on Tuesday. The stock’s 50 day moving average price is $1.77 and its 200 day moving average price is $1.84. The firm has a market capitalization of $70.72 million, a PE ratio of -12.06 and a beta of 0.80. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.75 and a current ratio of 0.96. PowerBank has a one year low of $1.23 and a one year high of $6.43.

Institutional Investors Weigh In On PowerBank

A number of institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC increased its holdings in shares of PowerBank by 57.4% in the 2nd quarter. Parallel Advisors LLC now owns 27,422 shares of the company’s stock valued at $42,000 after acquiring an additional 10,000 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of PowerBank in the 1st quarter valued at approximately $35,000. Finally, Jane Street Group LLC bought a new stake in shares of PowerBank in the 2nd quarter valued at approximately $28,000.

About PowerBank

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.