PowerBank (NASDAQ:SUUN) Lowered to “Strong Sell” Rating by Wall Street Zen

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

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of PowerBank in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

PowerBank Price Performance

NASDAQ SUUN opened at $1.13 on Friday. PowerBank has a 1 year low of $1.11 and a 1 year high of $5.94. The company has a fifty day simple moving average of $1.62 and a 200 day simple moving average of $1.70. The company has a current ratio of 0.97, a quick ratio of 0.67 and a debt-to-equity ratio of 2.56. The company has a market cap of $52.62 million, a P/E ratio of -4.35 and a beta of 0.60.

PowerBank (NASDAQ:SUUN) last announced its earnings results on Friday, February 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.13). PowerBank had a negative return on equity of 15.16% and a negative net margin of 21.31%.The firm had revenue of $2.23 million during the quarter, compared to the consensus estimate of $10.10 million. On average, sell-side analysts predict that PowerBank will post -0.04 EPS for the current year.

Institutional Trading of PowerBank

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of PowerBank during the fourth quarter valued at approximately $191,000. HRT Financial LP bought a new stake in PowerBank in the 4th quarter valued at $55,000. Goldman Sachs Group Inc. raised its stake in shares of PowerBank by 416.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock valued at $178,000 after buying an additional 79,302 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of PowerBank in the 3rd quarter valued at $52,000. Finally, NWF Advisory Services Inc. bought a new position in shares of PowerBank during the 3rd quarter worth about $46,000.

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.