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An update from Solarbank Corp. ( (TSE:SUNN) ) is now available.
PowerBank Corporation reported a sharp transformation in 2025 as it rebranded from SolarBank and executed an Independent Power Producer strategy that drove a 1,508% jump in revenue from owned and operated assets to $9.3 million, alongside a 253% increase in total assets following the Solar Flow-Through Funds acquisition. The company expanded its project portfolio with 15 new distributed solar and storage projects in New York totaling 67 MW of solar and 11 MWh of storage, secured long-term power agreements with the state’s Division of Military and Naval Affairs, progressed multiple community and hybrid projects in New York and Ontario, and cemented a leading position in Nova Scotia’s community solar program while building a development pipeline of more than 1 GW across North America.
PowerBank is also positioning itself for the fast-growing data center power supply market, citing surging U.S. electricity demand driven by AI and cloud computing, and is leveraging its combined terrestrial renewable and space-based computing capabilities even though no data center deals have closed yet. These advances, together with progress on its first Ontario battery energy storage system and access to new credit facilities, underscore the company’s shift toward long-term recurring revenue and a more diversified role in supplying clean power to both traditional grids and digital infrastructure users.
The most recent analyst rating on (TSE:SUNN) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Solarbank Corp. stock, see the TSE:SUNN Stock Forecast page.
More about Solarbank Corp.
PowerBank Corporation is a North American renewable energy and digital infrastructure company that has evolved from a solar-focused developer into a broader provider of solar, battery storage, and space-based computing solutions. The company focuses on developing, owning, and operating independent power producer assets, with a growing footprint in community solar, hybrid solar-plus-storage, and emerging data center power supply markets.
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
See more insights into SUNN stock on TipRanks’ Stock Analysis page.