SolarBank Corp reports results for the quarter ended December 31 - Earnings Summary

• SolarBank Corp SUNN.NLB reported a quarterly adjusted loss of 3 cents​​ per share for the quarter ended December 31. The lone analyst forecast for the quarter was for a loss of 2 cents per share.

• Revenue was C$4.10 million​; analysts expected C$16.44 million.

• SolarBank Corp shares had risen by 169.3% this quarter.

FORECAST CHANGES

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the renewable energy equipment & services peer group is also "buy"

Wall Street's median 12-month price target for SolarBank Corp is C$6.00

This summary was machine generated from LSEG data February 18 at 10:01 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)