Alliance Global lowered the firm's price target on PowerBank to $2 from $4.25 and keeps a Buy rating on the shares, primarily citing recent dilution incurred for the firm's lowered target. Fiscal Q3 results were impacted by two project sell-backs that triggered a reversal of development fees recorded as revenue, notes the analyst, who believes it is "important to look beyond this one-time adjustment that negatively impacted top line revenue."
