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An update from Solarbank Corp. ( (TSE:SUNN) ) is now available.
PowerBank Corporation has announced the advancement of its 2.8 MW Day Hollow solar project in upstate New York, which has secured site control and is moving to the interconnection study phase. The project aims to qualify for New York’s VDER compensation mechanism, ensuring fair compensation for clean energy delivered to the grid. As a community solar initiative, it will allow renters, businesses, and homeowners to subscribe and receive bill credits, contributing to New York’s solar capacity goals. The project highlights PowerBank’s strategic positioning in the renewable energy sector, leveraging its expertise and partnerships to deliver impactful solutions, though it faces risks related to permits, financing, and policy changes.
The most recent analyst rating on (TSE:SUNN) stock is a Buy with a C$4.00 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 an independent developer and owner of renewable and clean energy projects, focusing on distributed and community solar projects in Canada and the USA. The company develops solar and Battery Energy Storage System (BESS) projects, selling electricity to various off-takers, and has a development pipeline of over one gigawatt, with more than 100 megawatts of renewable energy projects built.
Average Trading Volume: 6,586
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
For an in-depth examination of SUNN stock, go to TipRanks’ Overview page.