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Solarbank Corp. ( (TSE:SUNN) ) just unveiled an announcement.
SolarBank Corporation is strategically positioning itself to capitalize on the shifting policy landscape in North America, particularly in the U.S. and Canada. The company is leveraging the new U.S. federal legislation, which extends clean energy investment tax credits, by advancing projects that qualify for these incentives. With a $100 million financing partnership with CIM Group, SolarBank is poised to construct a 97 MW portfolio in key U.S. markets. In Canada, SolarBank is expanding its battery storage systems in Ontario and leading in Nova Scotia’s Community Solar program, benefiting from supportive policies like Prime Minister Mark Carney’s infrastructure initiative. This strategic positioning aims to enhance SolarBank’s industry standing and shareholder value amidst a robust outlook for solar and storage.
The most recent analyst rating on (TSE:SUNN) stock is a Buy with a C$4.75 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.
SolarBank 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, Battery Energy Storage System (BESS), and EV Charging projects that sell electricity to utilities, commercial, industrial, municipal, and residential sectors.
Average Trading Volume: 5,551
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
For a thorough assessment of SUNN stock, go to TipRanks’ Stock Analysis page.