SUUN: First quarter results exceed expectations. Strong backlog counters headwinds in the Solar and BESS markets. [Yahoo! Finance]
PowerBank Corporation (SUUN)
Company Research
Source: Yahoo! Finance
On Monday, November 17, PowerBank Corporation (NASDAQ:SUUN), formerly SolarBank, released its first-quarter fiscal 2026 results. There were several positive developments in the quarter, including the strong performance of the company's engineering, procurement, and construction (EPC) business and development fees, both of which exceeded our estimates by more than 100%. The company also returned to profitability in the quarter, primarily because development fees had a 100% gross margin, as costs related to these projects were incurred in previous quarters. For the first quarter, PowerBank's total revenue of CAN 19.2 million ($13.8 million estimated) exceeded our forecast by nearly 70%. PowerBank's quarter-to-quarter revenue fluctuations continue to swing significantly as projects achieve milestones that enable the company to recognize revenue. We did not forecast a meaningful bounce back for the company's development fees business, but we speculate that this could have been driven b
Show less
Read more
Impact Snapshot
Event Time:
SUUN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SUUN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SUUN alerts
High impacting PowerBank Corporation news events
Weekly update
A roundup of the hottest topics
SUUN
News
- $168 Million USD in Construction Value of Projects - PowerBank Shares Additional Information on the Safe Harbor of 15 Distributed Solar and Energy Storage Projects in New York StatePR Newswire
- PowerBank Announces Safe Harbor of 15 Distributed Solar and Energy Storage Projects in New York StatePR Newswire
- PowerBank Shares Update on the Advancement of Enterprise Hub and AI Agent with IntellistakePR Newswire
- PowerBank (NASDAQ:SUUN) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=SUUN&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> MarketBeat
- Artificial Intelligence Influence on Solar Energy Market Driving Revenues Projected to Reach $18 Billion by 2030GlobeNewswire
SUUN
Earnings
- 11/17/25 - Beat
SUUN
Sec Filings
- 12/4/25 - Form 6-K
- 12/2/25 - Form 6-K
- 11/28/25 - Form 6-K
- SUUN's page on the SEC website