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Solarbank Corp. ( (TSE:SUNN) ) has shared an update.
PowerBank Corporation has provided an additional update on its collaboration with Singapore-based Smartlink AI’s Orbit AI initiative following the successful launch and activation of the Genesis-1 satellite, which is now confirmed to be running an artificial intelligence model directly in orbit. The satellite’s successful on-orbit AI computing marks an important proof of concept for processing data in space rather than relying solely on terrestrial data centers, and represents the first operational node in a planned low-Earth-orbit AI satellite network that aims to add capacity and resilience with each subsequent launch. PowerBank expects to remain a key partner as the network expands, contributing solar energy and thermal control expertise to support increasingly power-hungry AI payloads, although it has not taken an equity stake in Orbit AI and commercial terms for its services are still being determined, highlighting both the strategic potential and the early-stage, unpriced nature of this emerging space-based compute venture.
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 an independent 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 and battery energy storage system projects that supply electricity to utilities, commercial, industrial, municipal and residential customers, pursuing a diversified portfolio across multiple North American markets and maintaining a development pipeline exceeding one gigawatt alongside over 100 megawatts of completed clean energy capacity.
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
See more insights into SUNN stock on TipRanks’ Stock Analysis page.