PowerBank (NASDAQ:SUUN) Upgraded to “Hold” at Wall Street Zen

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

SUUN has been the subject of a number of other research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of PowerBank in a research report on Friday, January 9th. Freedom Capital cut PowerBank from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.00.

PowerBank Stock Performance

SUUN opened at $0.55 on Friday. The company’s 50 day moving average is $1.08 and its 200 day moving average is $1.48. The company has a current ratio of 1.14, a quick ratio of 0.76 and a debt-to-equity ratio of 2.47. The company has a market cap of $25.83 million, a price-to-earnings ratio of -2.12 and a beta of 1.25. PowerBank has a 12-month low of $0.54 and a 12-month high of $2.79.

PowerBank (NASDAQ:SUUN) last announced its earnings results on Thursday, February 12th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.18). PowerBank had a negative net margin of 21.31% and a negative return on equity of 16.47%. The business had revenue of $2.23 million for the quarter, compared to analysts’ expectations of $10.10 million. On average, equities research analysts predict that PowerBank will post -0.04 EPS for the current year.

Institutional Trading of PowerBank

A number of hedge funds and other institutional investors have recently modified their holdings of SUUN. Jane Street Group LLC bought a new stake in shares of PowerBank during the 4th quarter valued at $191,000. Goldman Sachs Group Inc. boosted its holdings in PowerBank by 416.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock worth $178,000 after buying an additional 79,302 shares during the period. Virtu Financial LLC purchased a new stake in PowerBank in the 4th quarter worth $63,000. Citadel Advisors LLC purchased a new stake in PowerBank in the 3rd quarter worth $52,000. Finally, HRT Financial LP bought a new stake in PowerBank during the fourth quarter valued at about $55,000.

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.