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Solarbank Corp. ( (TSE:SUNN) ) just unveiled an update.
PowerBank Corporation has announced the advancement of two community solar projects in Skaneateles, New York, which are expected to power 2,100 homes. The projects have received necessary municipal approvals and are now seeking environmental permits to begin construction. These projects contribute to New York’s goal of achieving 6 GW of solar capacity by 2025, highlighting PowerBank’s strategic role in the renewable energy sector. Despite potential risks such as financing and policy changes, PowerBank’s extensive experience and strategic partnerships position it well to deliver impactful renewable energy solutions.
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 utilities, commercial, industrial, municipal, and residential off-takers. With a diverse portfolio across North America, PowerBank has developed projects with a combined capacity of over 100 megawatts and a potential development pipeline exceeding one gigawatt.
Average Trading Volume: 6,523
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
See more insights into SUNN stock on TipRanks’ Stock Analysis page.