HC Wainwright Increases Earnings Estimates for SolarBank

SolarBank Co. (NASDAQ:SUUN) – HC Wainwright boosted their FY2025 earnings per share estimates for shares of SolarBank in a note issued to investors on Tuesday, March 18th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings of ($0.01) per share for the year, up from their prior estimate of ($0.04). HC Wainwright has a “Buy” rating and a $6.00 price target 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 Q4 2025 earnings at $0.02 EPS.

SolarBank (NASDAQ:SUUN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). SolarBank had a negative net margin of 10.64% and a negative return on equity of 15.19%. The firm had revenue of $2.93 million for the quarter, compared to analysts’ expectations of $16.44 million.

SolarBank Price Performance

SUUN stock opened at $3.22 on Thursday. The firm has a 50 day simple moving average of $3.71 and a two-hundred day simple moving average of $3.34. The stock has a market cap of $104.13 million and a PE ratio of -14.64. SolarBank has a one year low of $1.95 and a one year high of $7.50. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.91 and a quick ratio of 0.68.

Institutional Investors Weigh In On SolarBank

An institutional investor recently raised its position in SolarBank stock. Virtu Financial LLC increased its position in SolarBank Co. (NASDAQ:SUUN) by 91.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,075 shares of the company’s stock after buying an additional 11,051 shares during the quarter. Virtu Financial LLC owned 0.07% of SolarBank worth $103,000 as of its most recent filing with the Securities & Exchange Commission.

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.