PowerBank Expands $41 Million Partnership with Solar Advocate for Three Solar Projects
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Strategic Partnership Expansion: PowerBank's collaboration with Solar Advocate Development has expanded into a $41 million transaction covering three community solar projects—Elmira, Jordan Road 1, and Jordan Road 2—with a combined generation capacity of 16.87 MW, further solidifying its leadership in the New York market.
- Initial Payment Confirmation: PowerBank has received an initial payment of $4 million, marking the smooth progress of project development, with the full transaction value expected to be realized as construction milestones are achieved, demonstrating the company's execution strength in solar development.
- Strong Market Performance: Since entering the New York community solar market in 2017, PowerBank has successfully delivered 11 projects, showcasing its competitive advantage in a complex regulatory environment and achieving a 106% year-over-year growth rate, returning to profitability.
- Policy-Driven Growth: By capitalizing on market opportunities created by the One Big Beautiful Bill Act, PowerBank can accelerate project sales for immediate capital returns while maintaining revenue streams from construction management, reflecting a flexible business strategy.
SUUN
$1.92+Infinity%1D
Analyst Views on SUUN
Wall Street analysts forecast SUUN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SUUN is 5.98 USD with a low forecast of 5.98 USD and a high forecast of 5.98 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.700
Low
5.98
Averages
5.98
High
5.98
Current: 1.700
Low
5.98
Averages
5.98
High
5.98
About SUUN
PowerBank Corp, formerly SolarBank Corporation, is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the United States. The Company develops solar, battery energy storage systems (BESS) and EV charging projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. It has a diverse portfolio of projects across multiple North America 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.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
