PowerBank Corporation (NASDAQ:SUUN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of PowerBank Corporation (NASDAQ:SUUN) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat reports. One equities research 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 target among analysts that have updated their coverage on the stock in the last year is $5.00.

Several brokerages recently issued reports on SUUN. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PowerBank in a research report on Tuesday, October 14th. Wall Street Zen upgraded PowerBank from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th.

Institutional Trading of PowerBank

Several large investors have recently bought and sold shares of SUUN. Parallel Advisors LLC raised its holdings in shares of PowerBank by 57.4% in the second 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. Jane Street Group LLC purchased a new stake in shares of PowerBank during the second quarter valued at $28,000. NWF Advisory Services Inc. acquired a new position in shares of PowerBank in the 3rd quarter valued at $46,000. Finally, Citadel Advisors LLC acquired a new position in shares of PowerBank in the 3rd quarter valued at $52,000.

PowerBank Stock Performance

Shares of SUUN stock opened at $1.51 on Friday. PowerBank has a 12-month low of $1.23 and a 12-month high of $6.43. The business’s fifty day simple moving average is $1.65 and its 200-day simple moving average is $1.69. 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 market cap of $61.97 million, a PE ratio of -9.44 and a beta of 0.59.

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. 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.