SolarBank’s (SUUN) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of SolarBank (NASDAQ:SUUN) in a research note released on Tuesday morning,Benzinga reports. HC Wainwright currently has a $6.00 price objective on the stock. HC Wainwright also issued estimates for SolarBank’s Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.02 EPS, FY2025 earnings at ($0.01) EPS, Q1 2026 earnings at $0.01 EPS, Q2 2026 earnings at $0.02 EPS, Q3 2026 earnings at $0.03 EPS, Q4 2026 earnings at $0.04 EPS, FY2027 earnings at $0.24 EPS, FY2028 earnings at $0.42 EPS and FY2029 earnings at $0.65 EPS.

SolarBank Price Performance

Shares of SUUN stock opened at $4.45 on Tuesday. The firm has a market cap of $143.90 million and a P/E ratio of -20.23. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.91 and a quick ratio of 0.68. SolarBank has a 1-year low of $1.95 and a 1-year high of $7.50. The firm has a fifty day moving average of $3.69 and a two-hundred day moving average of $3.35.

SolarBank (NASDAQ:SUUN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company had revenue of $2.93 million for the quarter, compared to analyst estimates of $16.44 million. SolarBank had a negative return on equity of 15.19% and a negative net margin of 10.64%. As a group, research analysts anticipate that SolarBank will post -0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SolarBank stock. Virtu Financial LLC boosted its position in SolarBank Co. (NASDAQ:SUUN) by 91.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,075 shares of the company’s stock after purchasing an additional 11,051 shares during the quarter. Virtu Financial LLC owned about 0.07% of SolarBank worth $103,000 at the end of the most recent quarter.

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.