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

• SolarBank Corp SUNN.NLB reported a quarterly adjusted loss of 12 cents​​ per share for the quarter ended March 31. The mean expectation of four analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from -2 cents to 4 cents per share.

• Revenue was C$9.00 million​; analysts expected C$12.66 million.

• SolarBank Corp shares had fallen by 16.5% this quarter and lost 1.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 185% in the last three months.​

• 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$5.40

This summary was machine generated from LSEG data May 15 at 08:59 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)