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Solarbank Corp. ( (TSE:SUNN) ) has shared an announcement.
PowerBank announced that its partner Smartlink AI has successfully launched and deployed the DeStarlink Genesis-1 satellite into low Earth orbit, where it is operating and generating solar power as part of the Orbital Cloud initiative. The satellite serves as the first node in a planned constellation combining decentralized connectivity, solar-powered AI computing, and blockchain verification in space, validating the technical foundation for rolling out additional satellites from 2026. The rapid turnaround from announcing the collaboration in November to launch in December highlights both partners’ execution capabilities and underpins PowerBank’s strategy to provide solar power and thermal control technologies for orbital data centers, positioning the company at the “execution layer” of an orbital infrastructure market projected to exceed hundreds of billions of dollars over the next decade.
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 energy infrastructure developer and asset owner focused on renewable power generation and related technologies. The company is increasingly targeting the convergence of clean energy with advanced digital infrastructure, including space-based applications, to tap into high-growth markets spanning satellite services, AI computing, and decentralized systems.
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
For an in-depth examination of SUNN stock, go to TipRanks’ Overview page.