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An announcement from Solarbank Corp. ( (TSE:SUNN) ) is now available.
PowerBank Corporation has received US$920,000 upon the conversion of its construction loan for the Geddes community solar project in upstate New York into a mini-perm facility, marking a key milestone following the project’s successful commissioning and full operational status in July 2025. The loan with Seminole Financial Services now stands at a principal balance of US$1.695 million with a 2032 maturity, providing longer-term financing to support ongoing operations of the Geddes community solar asset, which supplies clean power to the local grid and enables multiple renters and homeowners to lower their electricity bills through subscription-based bill credits, while also underscoring PowerBank’s strategy of scaling distributed solar infrastructure in partnership with specialized renewable energy financiers.
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 sell electricity to utilities, commercial, industrial, municipal and residential off-takers, and seeks to maximize returns through a diversified portfolio across key North American markets, supported by a development pipeline of over one gigawatt and more than 100 megawatts of built projects.
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
For detailed information about SUNN stock, go to TipRanks’ Stock Analysis page.