PowerBank (NASDAQ:SUUN) Cut to Sell at Wall Street Zen

PowerBank (NASDAQ:SUUN) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PowerBank in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, PowerBank presently has an average rating of “Moderate Buy” and an average price target of $5.00.

PowerBank Stock Performance

Shares of NASDAQ:SUUN opened at $1.59 on Friday. The company’s 50 day simple moving average is $1.71 and its 200 day simple moving average is $1.68. The stock has a market capitalization of $59.56 million, a price-to-earnings ratio of -9.94 and a beta of 0.77. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.97 and a quick ratio of 0.67. PowerBank has a 1 year low of $1.23 and a 1 year high of $6.43.

PowerBank (NASDAQ:SUUN) last released its earnings results on Thursday, October 2nd. The company reported $0.08 earnings per share 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 3.48% and a negative net margin of 7.07%. As a group, research analysts predict that PowerBank will post -0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SUUN. Parallel Advisors LLC lifted its stake 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. Citadel Advisors LLC bought a new stake in PowerBank during the 3rd quarter worth $52,000. Jane Street Group LLC acquired a new position in PowerBank in the 2nd quarter worth about $28,000. Finally, NWF Advisory Services Inc. bought a new position in PowerBank in the third quarter valued at about $46,000.

PowerBank Company Profile

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.