PowerBank Corporation (NASDAQ:SUUN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of PowerBank Corporation (NASDAQ:SUUN) have received an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $5.00.

SUUN has been the subject of several research reports. Wall Street Zen raised shares of PowerBank from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of PowerBank in a research note on Tuesday, October 14th.

Institutional Investors Weigh In On PowerBank

Hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new position in PowerBank in the third quarter valued at about $52,000. NWF Advisory Services Inc. bought a new stake in shares of PowerBank in the 3rd quarter valued at about $46,000. Jane Street Group LLC purchased a new position in shares of PowerBank in the 2nd quarter worth approximately $28,000. Finally, Parallel Advisors LLC grew its position in shares of PowerBank by 57.4% in the 2nd quarter. Parallel Advisors LLC now owns 27,422 shares of the company’s stock worth $42,000 after buying an additional 10,000 shares during the last quarter.

PowerBank Stock Down 2.6%

Shares of PowerBank stock opened at $1.51 on Friday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.97 and a quick ratio of 0.67. The stock has a market cap of $61.97 million, a price-to-earnings ratio of -9.44 and a beta of 0.59. The firm’s 50-day moving average is $1.65 and its two-hundred day moving average is $1.69. PowerBank has a 1 year low of $1.23 and a 1 year high of $6.43.

About PowerBank

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. It offers solar energy solutions in the areas of behind-the-meter solar power plants, electricity grid connected community solar gardens, and utility scale solar farms.