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Solarbank Corp. ( (TSE:SUNN) ) has issued an update.
PowerBank Corporation announced that its 1.45-megawatt DC rooftop solar project in Calgary, Alberta, developed for Fiera Real Estate Investments, has entered commercial operation, marking PowerBank’s first operational project in Alberta and its debut as a small-scale generator on the Alberta Interconnected Electric System. The installation, completed as a pilot project under Alberta’s Small Scale Generation program and participating in the province’s Technology Innovation and Emissions Reduction system to generate carbon offsets, supports Fiera Real Estate’s net-zero carbon goals by 2040 and broadens PowerBank’s presence in the Canadian market, while a small share issuance tied to the introduction of Fiera underscores the strategic value of the new relationship for future commercial real estate solar opportunities.
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 owner focused on distributed and community solar projects in Canada and the United States. The company develops solar and battery energy storage system (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers, pursuing a diversified portfolio across multiple North American markets and maintaining a development pipeline of more than one gigawatt, with over 100 megawatts of projects already built.
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
For detailed information about SUNN stock, go to TipRanks’ Stock Analysis page.