PowerBank (NASDAQ:SUUN) Stock Rating Lowered by Wall Street Zen

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

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PowerBank in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, PowerBank has an average rating of “Moderate Buy” and an average price target of $5.00.

PowerBank Stock Performance

Shares of NASDAQ:SUUN opened at $1.13 on Friday. The firm’s 50 day simple moving average is $1.62 and its 200 day simple moving average is $1.70. PowerBank has a fifty-two week low of $1.11 and a fifty-two week high of $5.94. The company has a market capitalization of $52.62 million, a price-to-earnings ratio of -4.35 and a beta of 0.60. 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 (NASDAQ:SUUN) last issued its earnings results on Friday, February 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.13). The firm had revenue of $2.23 million during the quarter, compared to the consensus estimate of $10.10 million. PowerBank had a negative net margin of 21.31% and a negative return on equity of 15.16%. As a group, sell-side analysts forecast that PowerBank will post -0.04 earnings per share for the current year.

Institutional Trading of PowerBank

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of PowerBank during the 2nd quarter worth approximately $28,000. NWF Advisory Services Inc. bought a new position in shares of PowerBank in the third quarter valued at $46,000. Citadel Advisors LLC acquired a new position in PowerBank during the third quarter worth $52,000. HRT Financial LP bought a new stake in PowerBank during the fourth quarter worth $55,000. Finally, Goldman Sachs Group Inc. lifted its stake in PowerBank by 416.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock valued at $178,000 after acquiring an additional 79,302 shares during the last quarter.

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.