PowerBank (NASDAQ:SUUN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of PowerBank (NASDAQ:SUUN) from a sell rating to a hold rating in a report published on Saturday morning.

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

PowerBank Stock Performance

NASDAQ:SUUN opened at $0.50 on Friday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.76 and a current ratio of 1.14. PowerBank has a fifty-two week low of $0.50 and a fifty-two week high of $2.55. The firm has a market cap of $23.60 million, a PE ratio of -1.93 and a beta of 1.28. The business has a 50 day moving average price of $1.05 and a 200-day moving average price of $1.47.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of PowerBank during the fourth quarter valued at approximately $191,000. Goldman Sachs Group Inc. raised its holdings in PowerBank by 416.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock worth $178,000 after purchasing an additional 79,302 shares in the last quarter. Virtu Financial LLC bought a new position in PowerBank in the fourth quarter worth $63,000. HRT Financial LP purchased a new position in PowerBank during the fourth quarter valued at $55,000. Finally, Citadel Advisors LLC purchased a new position in PowerBank during the third quarter valued at $52,000.

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.