SolarBank (NASDAQ:SUUN - Get Free Report)'s stock had its "buy" rating restated by stock analysts at HC Wainwright in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $6.00 price target on the stock. HC Wainwright's target price indicates a potential upside of 86.34% from the company's previous close. HC Wainwright also issued estimates for SolarBank's Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.02 EPS, FY2025 earnings at ($0.01) EPS, Q1 2026 earnings at $0.01 EPS, Q2 2026 earnings at $0.02 EPS, Q3 2026 earnings at $0.03 EPS, Q4 2026 earnings at $0.04 EPS, FY2027 earnings at $0.24 EPS, FY2028 earnings at $0.42 EPS and FY2029 earnings at $0.65 EPS.
SolarBank Stock Performance
Shares of NASDAQ:SUUN traded down $1.23 on Tuesday, hitting $3.22. The company had a trading volume of 653,775 shares, compared to its average volume of 85,952. SolarBank has a 1-year low of $1.95 and a 1-year high of $7.50. The stock has a market cap of $104.13 million and a price-to-earnings ratio of -14.64. The stock has a 50 day moving average price of $3.71 and a 200 day moving average price of $3.34. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.92.
SolarBank (NASDAQ:SUUN - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). SolarBank had a negative net margin of 10.64% and a negative return on equity of 15.19%. The business had revenue of $2.93 million during the quarter, compared to analyst estimates of $16.44 million. Analysts expect that SolarBank will post -0.04 EPS for the current year.
Institutional Investors Weigh In On SolarBank
A hedge fund recently raised its stake in SolarBank stock. Virtu Financial LLC raised its stake in SolarBank Co. (NASDAQ:SUUN - Free Report) by 91.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,075 shares of the company's stock after acquiring an additional 11,051 shares during the quarter. Virtu Financial LLC owned approximately 0.07% of SolarBank worth $103,000 as of its most recent SEC filing.
About SolarBank
(
Get Free Report)
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.
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