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

PowerBank Corporation (NASDAQ:SUUN) has earned an average recommendation of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $5.00.

A number of research analysts have recently weighed in on the company. Wall Street Zen raised PowerBank from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of PowerBank in a report on Friday, January 9th.

PowerBank Price Performance

NASDAQ SUUN opened at $1.57 on Thursday. The company has a market cap of $73.11 million, a price-to-earnings ratio of -9.81 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. The stock’s fifty day moving average price is $1.65 and its 200 day moving average price is $1.71. PowerBank has a 1 year low of $1.23 and a 1 year high of $6.43.

Institutional Trading of PowerBank

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in PowerBank during the second quarter worth about $28,000. NWF Advisory Services Inc. acquired a new position in PowerBank in the third quarter valued at approximately $46,000. Finally, Citadel Advisors LLC purchased a new stake in PowerBank in the 3rd quarter worth approximately $52,000.

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.