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Solarbank Corp. ( (TSE:SUNN) ) has shared an announcement.
PowerBank Corporation has announced a new 2.1 MW solar project on a closed landfill in upstate New York, known as Phillips Rd, after securing site control via a land lease and clearing a key interconnection study, allowing it to move into the local permitting phase. The project is expected to benefit from New York’s Value of Distributed Energy Resources compensation framework, state NY-Sun incentives and federal tax credits, and is slated to operate as a community solar installation supplying clean power equivalent to roughly 262 homes, offering bill credits to subscribers and contributing to New York’s broader solar capacity targets while reinforcing PowerBank’s position as a capable developer of high-impact distributed renewable assets.
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 and clean energy project developer and asset owner focused on distributed and community solar projects in Canada and the United States. The company develops solar, battery energy storage and EV charging projects that sell electricity to utilities, commercial, industrial, municipal and residential customers, and it manages a diversified portfolio across multiple leading North American markets, supported by a development pipeline of more than 1 GW and over 100 MW of completed projects.
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
See more data about SUNN stock on TipRanks’ Stock Analysis page.