PowerBank (NASDAQ:PBK) Announces Quarterly Earnings Results

PowerBank (NASDAQ:PBK) posted its quarterly earnings results on Monday. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.17), FiscalAI reports. The company had revenue of $3.65 million during the quarter. PowerBank had a negative net margin of 21.31% and a negative return on equity of 92.34%.

PowerBank Price Performance

Shares of PBK opened at $0.26 on Wednesday. PowerBank has a 1-year low of $0.26 and a 1-year high of $2.35. The company has a current ratio of 1.41, a quick ratio of 0.79 and a debt-to-equity ratio of 2.24. The company has a market cap of $16.10 million, a price-to-earnings ratio of -0.62 and a beta of 2.38. The company’s fifty day simple moving average is $0.41 and its 200 day simple moving average is $0.61.

Wall Street Analyst Weigh In

PBK has been the topic of several recent analyst reports. HC Wainwright reiterated a “buy” rating on shares of PowerBank in a report on Wednesday, June 3rd. Zacks Research upgraded PowerBank to a “hold” rating in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

About PowerBank

PowerBank Corporation (NASDAQ: PBK) is a renewable energy company that develops, constructs, owns and operates solar power and energy-storage projects. Its activities include distributed-generation and community-solar projects designed to supply electricity to residential, commercial and utility customers.

The company’s project portfolio has included solar installations and related energy-storage assets in the United States and Canada. PowerBank is involved throughout the project lifecycle, including site development, permitting, engineering, procurement, construction management, financing and ongoing asset operations.

The company was previously known as SolarBank Corporation and is headquartered in Toronto, Canada.