SolarBank (NASDAQ:SUUN – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04), Zacks reports. SolarBank had a negative return on equity of 15.19% and a negative net margin of 10.64%. The company had revenue of $2.93 million for the quarter, compared to analyst estimates of $16.44 million.
SolarBank Stock Up 10.8 %
Shares of NASDAQ:SUUN opened at $4.40 on Friday. The company’s 50-day moving average price is $2.92 and its 200 day moving average price is $3.40. SolarBank has a fifty-two week low of $1.95 and a fifty-two week high of $7.50. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.92.
Wall Street Analyst Weigh In
Separately, HC Wainwright started coverage on shares of SolarBank in a research report on Wednesday, December 11th. They issued a “buy” rating and a $6.00 price target on the stock.
About SolarBank
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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