HC Wainwright Has Positive Outlook of SolarBank Q3 Earnings

SolarBank Co. (NASDAQ:SUUN) – Research analysts at HC Wainwright raised their Q3 2025 earnings per share estimates for SolarBank in a research report issued to clients and investors on Tuesday, March 18th. HC Wainwright analyst A. Dayal now expects that the company will earn $0.01 per share for the quarter, up from their prior forecast of ($0.01). HC Wainwright currently has a “Buy” rating and a $6.00 target price on the stock. The consensus estimate for SolarBank’s current full-year earnings is ($0.04) per share. HC Wainwright also issued estimates for SolarBank’s 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 (NASDAQ:SUUN) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The company had revenue of $2.93 million during the quarter, compared to analysts’ expectations of $16.44 million. SolarBank had a negative net margin of 10.64% and a negative return on equity of 15.19%.

SolarBank Trading Down 3.3 %

NASDAQ SUUN opened at $4.35 on Wednesday. The firm has a market capitalization of $140.67 million and a P/E ratio of -19.77. The business has a fifty day simple moving average of $3.60 and a 200 day simple moving average of $3.33. SolarBank has a 12 month low of $1.95 and a 12 month 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.

Institutional Investors Weigh In On SolarBank

A hedge fund recently raised its stake in SolarBank stock. Virtu Financial LLC boosted its stake in SolarBank Co. (NASDAQ:SUUN) by 91.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,075 shares of the company’s stock after buying an additional 11,051 shares during the quarter. Virtu Financial LLC owned approximately 0.07% of SolarBank worth $103,000 as of its most recent SEC filing.

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.