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Solarbank Corp. ( (TSE:SUNN) ) just unveiled an announcement.
PowerBank Corporation has announced a new 6.9 MW solar project in the Capital District of New York, known as the NY-Crawford Rd project. This community solar project aims to power the equivalent of 800 homes and contribute to New York’s goal of achieving 6 GW of solar capacity by 2025. The project is expected to benefit from incentives under the NYSERDA NY-Sun Program. PowerBank’s extensive experience in renewable energy projects positions it well to execute this project, although it faces risks related to interconnection approval, permitting, financing, and potential changes in government incentives.
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 developer and owner of renewable and clean energy projects, 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. With a development pipeline of over one gigawatt, PowerBank has completed projects with a combined capacity of over 100 megawatts.
Average Trading Volume: 6,903
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
For an in-depth examination of SUNN stock, go to TipRanks’ Overview page.