SolarBank Co. (NASDAQ:SUUN – Get Free Report) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 73,200 shares, a drop of 24.0% from the February 13th total of 96,300 shares. Based on an average trading volume of 175,900 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are short sold.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reissued a “buy” rating and set a $6.00 target price on shares of SolarBank in a research report on Tuesday.
Get Our Latest Stock Analysis on SolarBank
Institutional Inflows and Outflows
SolarBank Stock Performance
NASDAQ:SUUN traded down $0.19 during mid-day trading on Tuesday, reaching $4.31. 73,205 shares of the stock were exchanged, compared to its average volume of 83,641. The company has a 50 day simple moving average of $3.56 and a 200-day simple moving average of $3.33. The stock has a market capitalization of $139.37 million and a P/E ratio of -19.59. The company has a quick ratio of 0.68, a current ratio of 0.91 and a debt-to-equity ratio of 0.92. SolarBank has a 1 year low of $1.95 and a 1 year high of $7.50.
SolarBank (NASDAQ:SUUN – Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The firm had revenue of $2.93 million for the quarter, compared to analysts’ expectations of $16.44 million. SolarBank had a negative return on equity of 15.19% and a negative net margin of 10.64%. Analysts anticipate that SolarBank will post -0.04 earnings per share for the current fiscal year.
SolarBank Company Profile
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.
Read More
- Five stocks we like better than SolarBank
- Where to Find Earnings Call Transcripts
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- Russell 2000 Index, How Investors Use it For Profitable Trading
- 3 Must-Own Stocks to Build Wealth This Decade
- Stock Market Upgrades: What Are They?
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
Receive News & Ratings for SolarBank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SolarBank and related companies with MarketBeat.com's FREE daily email newsletter.