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

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

A number of other equities analysts have also weighed in on SUUN. Freedom Capital lowered shares of PowerBank from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of PowerBank in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.00.

PowerBank Stock Down 8.3%

NASDAQ SUUN opened at $0.55 on Friday. PowerBank has a 12 month low of $0.54 and a 12 month high of $2.79. 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 stock has a market cap of $25.83 million, a PE ratio of -2.12 and a beta of 1.25. The stock’s 50 day moving average is $1.08 and its 200 day moving average is $1.48.

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

Institutional Trading of PowerBank

Several hedge funds have recently modified their holdings of SUUN. Jane Street Group LLC bought a new position in shares of PowerBank during the 2nd quarter valued at approximately $28,000. NWF Advisory Services Inc. purchased a new position in shares of PowerBank in the third quarter valued at $46,000. Citadel Advisors LLC bought a new stake in PowerBank in the third quarter worth $52,000. HRT Financial LP bought a new stake in PowerBank in the fourth quarter worth $55,000. Finally, Virtu Financial LLC purchased a new stake in PowerBank during the fourth quarter valued at $63,000.

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. 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.