Solarbank Corp. (TSE:SUNN) has released an update.
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SolarBank Corp. reported a substantial increase of 217% in annual revenues, reaching $58.4 million in the fiscal year 2024, alongside a significant operational capacity expansion with projects under development. Despite a net loss due to non-recurring expenses, the company’s growth trajectory is underscored by a promising development pipeline and recent acquisitions intended to bolster its market position in renewable energy.
For further insights into TSE:SUNN stock, check out TipRanks’ Stock Analysis page.
