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An update from Solarbank Corp. ( (TSE:SUNN) ) is now available.
PowerBank Corporation has secured power purchase agreements with the New York State Division of Military and Naval Affairs (DMNA) to develop a 20 MW portfolio of solar and battery energy storage projects. This initiative, selected through a competitive bidding process, aims to enhance energy resiliency and reduce utility costs for DMNA’s facilities while supporting New York’s clean energy goals. The projects will include community solar systems, allowing local residents to benefit from renewable energy through bill credits. Construction is set to begin by the end of 2025, aligning with PowerBank’s commitment to sustainable energy solutions.
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 operates in the renewable energy industry, focusing on the development, financing, and construction of solar power projects and battery energy storage systems. The company aims to provide sustainable green energy solutions and enhance energy resiliency, with a strategic focus on community solar projects to power homes with clean and affordable energy.
Average Trading Volume: 8,566
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
Learn more about SUNN stock on TipRanks’ Stock Analysis page.