SolarBank (NASDAQ:SUUN) Earns “Buy” Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of SolarBank (NASDAQ:SUUN) in a report released on Tuesday,Benzinga reports. HC Wainwright currently has a $6.00 target price 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 Stock Up 0.5 %

SUUN stock opened at $4.45 on Tuesday. SolarBank has a 52 week low of $1.95 and a 52 week high of $7.50. The company has a market capitalization of $143.90 million and a price-to-earnings ratio of -20.23. The firm’s 50-day moving average is $3.69 and its two-hundred day moving average is $3.35. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.92.

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). 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 the consensus estimate of $16.44 million. On average, analysts forecast that SolarBank will post -0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SolarBank

An institutional investor recently raised its position in SolarBank stock. Virtu Financial LLC lifted its holdings in SolarBank Co. (NASDAQ:SUUN) by 91.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,075 shares of the company’s stock after purchasing an additional 11,051 shares during the period. Virtu Financial LLC owned about 0.07% of SolarBank worth $103,000 at the end of the most recent reporting period.

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.