PowerBank Sees Hyperscaler Energy Land Grab Reshaping Renewable Power Market

The latest update is out from Solarbank Corp. ( (TSE:SUNN) ).

PowerBank Corporation is highlighting a structural shift in how major technology companies such as Google, Amazon and Meta procure energy for their rapidly expanding data center and AI-computing operations, moving from traditional power purchase agreements toward direct ownership of generation assets and development portfolios. The company argues this new model, underpinned by multibillion-dollar clean energy deals and a projected 160% rise in U.S. data center power consumption by 2030, will accelerate consolidation in the renewable sector and create fresh opportunities for independent power producers with strong pipelines and storage expertise; PowerBank positions its gigawatt-scale development pipeline, solar-plus-storage capabilities and planned expansion into specialized data center power solutions as key advantages in winning business and potentially becoming an acquisition or portfolio partner for hyperscalers seeking reliable, 24/7 clean energy.

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 a North American renewable energy company focused on solar energy infrastructure and battery energy storage systems, with plans to expand into advanced data center power solutions. The company operates across distributed, community and utility-scale solar projects, has delivered over 100 MW of operational renewable assets, and is developing more than 1 GW of projects in key North American markets, positioning itself to serve the growing energy needs of data centers and AI-driven digital infrastructure.

Technical Sentiment Signal: Buy

Current Market Cap: C$261.2M

For a thorough assessment of SUNN stock, go to TipRanks’ Stock Analysis page.