Wall Street Zen Upgrades PowerBank (NASDAQ:SUUN) to "Hold"

PowerBank (NASDAQ:SUUN - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.Separately, Weiss Ratings restated a "sell (e+)" rating on shares of PowerBank in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5.00.View Our Latest Stock Analysis on SUUNPowerBank Stock PerformanceShares of NASDAQ SUUN opened at $1.73 on Friday. The company has a 50-day simple moving average of $1.73 and a 200-day simple moving average of $1.71. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.96 and a quick ratio of 0.75. The company has a market cap of $63.39 million, a PE ratio of -10.81 and a beta of 0.82. PowerBank has a 12 month low of $1.23 and a 12 month high of $6.43. PowerBank (NASDAQ:SUUN - Get Free Report) last announced its quarterly earnings data on Thursday, October 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.11. The business had revenue of $12.14 million for the quarter, compared to the consensus estimate of $21.94 million. PowerBank had a negative net margin of 7.86% and a positive return on equity of 2.24%. On average, equities analysts anticipate that PowerBank will post -0.04 earnings per share for the current year. Hedge Funds Weigh In On PowerBankA number of large investors have recently bought and sold shares of SUUN. Parallel Advisors LLC boosted its holdings in shares of PowerBank by 57.4% in the 2nd quarter. Parallel Advisors LLC now owns 27,422 shares of the company's stock valued at $42,000 after purchasing an additional 10,000 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of PowerBank during the 1st quarter worth $35,000. Jane Street Group LLC purchased a new position in shares of PowerBank in the 2nd quarter worth $28,000. NWF Advisory Services Inc. purchased a new position in shares of PowerBank in the 3rd quarter worth $46,000. Finally, Citadel Advisors LLC acquired a new position in PowerBank in the third quarter valued at $52,000. PowerBank Company Profile (Get Free Report)PowerBank Corporation, formerly known as 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.Featured StoriesFive stocks we like better than PowerBankHow to Invest in Biotech StocksA Magnificent AI Bet? Stanley Druckenmiller’s Latest Tech MovesHow to Profit From Value Investing 12 Analysts Just Raised CrowdStrike Targets—Here’s What They See ComingCanada Bond Market Holiday: How to Invest and Trade Palo Alto Networks Stock Just Pulled Back—Is This a Prime Buy Zone?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in PowerBank Right Now?Before you consider PowerBank, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PowerBank wasn't on the list.While PowerBank currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here