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Solarbank Corp. ( (TSE:SUNN) ) has provided an announcement.
PowerBank Corporation has announced a new 1.76 MW solar project in Upstate New York, known as the NY-Hemlock Hill project. This community solar project, which will power the equivalent of 200 homes, is part of New York’s efforts to meet its ambitious solar capacity goals. The project is expected to benefit from incentives under the NYSERDA NY-Sun Program and will contribute to New York’s Climate Leadership and Community Protection Act goal of 6 GW of solar capacity by 2025. PowerBank’s extensive experience and strategic partnerships position it to successfully execute this project, despite potential risks related to approvals, permits, financing, and policy changes.
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 owner focusing on distributed and community solar projects in Canada and the USA. The company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers. PowerBank maximizes returns via a diverse portfolio of projects across multiple leading North American markets, including projects with utilities, host off-takers, community solar, and virtual net metering projects. The company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.
Average Trading Volume: 9,375
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
See more data about SUNN stock on TipRanks’ Stock Analysis page.