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The latest announcement is out from Solarbank Corp. ( (TSE:SUNN) ).
PowerBank Corporation has launched its largest U.S. asset, the 3.79 MW Geddes Solar Power Project in New York, marking a significant step in its renewable energy and financial strategy. This project not only provides clean energy to power approximately 450 homes annually but also initiates PowerBank’s new Bitcoin treasury strategy, where net cash flows from the project will be used to acquire Bitcoin. This dual-track strategy aims to enhance asset value and align with a future-focused monetary reserve model, potentially expanding across other projects in its portfolio.
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, focusing on distributed and community solar projects in Canada and the USA. The company has completed over 100 MW of projects and has a development pipeline exceeding 1 GW across multiple North American markets. PowerBank specializes in solar and Battery Energy Storage System (BESS) projects, selling electricity to various off-takers including utilities, commercial, industrial, municipal, and residential entities.
Average Trading Volume: 5,988
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
For a thorough assessment of SUNN stock, go to TipRanks’ Stock Analysis page.