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An update from Solarbank Corp. ( (TSE:SUNN) ) is now available.
SolarBank Corporation has successfully completed a major interconnection study for its 7.2 MW Hoadley Hill solar project in New York, marking a significant step towards securing permits and financing for construction. The project, designed as a community solar initiative, will power approximately 850 homes and contribute to New York State’s solar capacity goals. Backed by state incentives, the project underscores SolarBank’s scalable model and aligns with the state’s climate objectives, reflecting the maturity of the community solar market.
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.
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, selling electricity to utilities, commercial, industrial, municipal, and residential off-takers. SolarBank maximizes returns through a diverse portfolio across multiple North American markets, with a development pipeline exceeding one gigawatt and over 100 megawatts of renewable projects built.
Average Trading Volume: 5,611
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
Learn more about SUNN stock on TipRanks’ Stock Analysis page.