HC Wainwright Weighs in on PowerBank FY2026 Earnings

PowerBank Corporation (NASDAQ:PBK) – Equities researchers at HC Wainwright issued their FY2026 EPS estimates for PowerBank in a report issued on Wednesday, June 3rd. HC Wainwright analyst A. Dayal forecasts that the company will earn ($0.23) per share for the year. HC Wainwright has a “Buy” rating on the stock. HC Wainwright also issued estimates for PowerBank’s Q4 2026 earnings at ($0.01) EPS, FY2027 earnings at $0.08 EPS, FY2028 earnings at $0.25 EPS, FY2029 earnings at $0.43 EPS and FY2030 earnings at $0.67 EPS.

PBK has been the subject of several other reports. Freedom Capital cut shares of PowerBank from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. Wall Street Zen cut shares of PowerBank from a “hold” rating to a “sell” rating in a report on Sunday, May 10th. Citigroup restated a “buy” rating on shares of PowerBank in a report on Wednesday, May 20th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of PowerBank in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.00.

PowerBank Stock Performance

PBK stock opened at $1.40 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.79 and a current ratio of 1.41. The stock has a market cap of $65.98 million, a P/E ratio of -7.34 and a beta of 2.23. The firm has a 50 day simple moving average of $0.72 and a 200 day simple moving average of $1.14. PowerBank has a 52 week low of $0.45 and a 52 week high of $2.55.

PowerBank (NASDAQ:PBK) last posted its quarterly earnings results on Thursday, May 21st. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The company had revenue of ($0.03) million for the quarter, compared to analyst estimates of $5.43 million. PowerBank had a negative return on equity of 32.68% and a negative net margin of 21.31%.

Hedge Funds Weigh In On PowerBank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in PowerBank during the second quarter valued at approximately $28,000. HRT Financial LP bought a new position in PowerBank during the fourth quarter valued at approximately $55,000. Citadel Advisors LLC bought a new position in PowerBank during the third quarter valued at approximately $52,000. Virtu Financial LLC bought a new position in PowerBank during the fourth quarter valued at approximately $63,000. Finally, Goldman Sachs Group Inc. raised its position in PowerBank by 416.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock valued at $178,000 after acquiring an additional 79,302 shares in the last quarter.

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.