PowerBank (NASDAQ:SUUN) Lowered to “Sell” Rating by Wall Street Zen

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

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

PowerBank Stock Down 4.8%

Shares of PowerBank stock opened at $1.59 on Friday. PowerBank has a twelve month low of $1.23 and a twelve month high of $6.43. The stock has a market cap of $59.56 million, a price-to-earnings ratio of -9.94 and a beta of 0.77. The company has a current ratio of 0.97, a quick ratio of 0.67 and a debt-to-equity ratio of 2.56. The company has a fifty day moving average price of $1.71 and a 200 day moving average price of $1.68.

PowerBank (NASDAQ:SUUN) last released its quarterly earnings data on Thursday, October 2nd. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.11. The company 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 3.48% and a negative net margin of 7.07%. Equities research analysts forecast that PowerBank will post -0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC grew its stake in PowerBank by 57.4% during the 2nd quarter. Parallel Advisors LLC now owns 27,422 shares of the company’s stock valued at $42,000 after purchasing an additional 10,000 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of PowerBank in the 3rd quarter valued at approximately $52,000. Jane Street Group LLC purchased a new position in shares of PowerBank during the 2nd quarter valued at approximately $28,000. Finally, NWF Advisory Services Inc. purchased a new position in shares of PowerBank during the 3rd quarter valued at approximately $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.