Analysts Set PowerBank Corporation (NASDAQ:SUUN) PT at $5.00

Shares of PowerBank Corporation (NASDAQ:SUUN) have earned a consensus rating of “Moderate Buy” from the four ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $5.00.

Several analysts have commented on the stock. Wall Street Zen raised shares of PowerBank from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PowerBank in a research report on Friday, January 9th.

Institutional Trading of PowerBank

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in PowerBank in the 2nd quarter valued at $28,000. NWF Advisory Services Inc. bought a new stake in PowerBank during the third quarter valued at about $46,000. Citadel Advisors LLC bought a new stake in PowerBank during the third quarter valued at about $52,000. Finally, Goldman Sachs Group Inc. grew its position in shares of PowerBank by 416.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock valued at $178,000 after purchasing an additional 79,302 shares during the last quarter.

PowerBank Stock Down 7.2%

Shares of PowerBank stock opened at $1.23 on Thursday. The firm has a market cap of $57.05 million, a price-to-earnings ratio of -7.51 and a beta of 0.60. The stock has a 50-day simple moving average of $1.63 and a 200-day simple moving average of $1.71. PowerBank has a 52-week low of $1.23 and a 52-week high of $5.94. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.97 and a quick ratio of 0.67.

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.