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Solarbank Corp. ( (TSE:SUNN) ) has shared an update.
PowerBank Corporation announced the procurement of equipment for 15 distributed solar and energy storage projects in New York, valued at $168 million, with an estimated $65 million in potential tax credits. These projects, expected to power 7,500 homes, will contribute to New York’s renewable energy goals and remain eligible for federal Investment Tax Credits under the One Big Beautiful Bill Act. PowerBank’s strategic partnerships and expertise in renewable energy position it to execute these projects successfully, although risks such as permit acquisition and policy changes could impact their economic viability.
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 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 a potential development pipeline exceeding one gigawatt and has developed projects with a combined capacity of over 100 megawatts.
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
For detailed information about SUNN stock, go to TipRanks’ Stock Analysis page.