HC Wainwright initiated coverage on shares of SolarBank (NASDAQ:SUUN - Free Report) in a research note published on Wednesday,Benzinga reports. The brokerage issued a buy rating and a $6.00 target price on the stock.
SolarBank Stock Up 7.0 %
NASDAQ:SUUN traded up $0.15 on Wednesday, hitting $2.30. The stock had a trading volume of 53,058 shares, compared to its average volume of 34,128. The company has a fifty day moving average price of $3.19 and a two-hundred day moving average price of $4.43. SolarBank has a 1-year low of $2.06 and a 1-year high of $7.50. The stock has a market cap of $71.12 million and a price-to-earnings ratio of -13.88.
SolarBank (NASDAQ:SUUN - Get Free Report) last released its quarterly earnings data on Monday, September 30th. The company reported ($0.25) EPS for the quarter. The company had revenue of $5.83 million during the quarter.
Institutional Trading of SolarBank
A hedge fund recently raised its stake in SolarBank stock. Virtu Financial LLC raised its stake in shares of SolarBank Co. (NASDAQ:SUUN - Free Report) by 91.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,075 shares of the company's stock after acquiring an additional 11,051 shares during the period. Virtu Financial LLC owned approximately 0.07% of SolarBank worth $103,000 as of its most recent SEC filing.
About SolarBank
(
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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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