SolaREIT Expands Credit Facility to $80 Million, Reflecting Strong Market Confidence
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Credit Facility Expansion: SolaREIT has expanded its revolving credit facility to $80 million through support from Atlantic Union Bank and EagleBank, marking the fourth increase in three years and reflecting strong market confidence in its business model.
- Financing Solutions: This credit facility provides SolaREIT with additional capital to meet the demands of solar and battery storage developers, helping them maximize the value of their real estate assets while advancing clean energy deployment.
- Strong Market Demand: Since its inception, SolaREIT has provided real estate financing for nearly $5 billion in projects, indicating robust market demand and execution capabilities in solar and storage land financing.
- Deepening Partnerships: The CEO of SolaREIT noted that the expanded credit facility not only strengthens partnerships with Atlantic Union Bank and EagleBank but also provides developers with flexible and reliable financing solutions to accelerate project implementation.
Analyst Views on AUB
Wall Street analysts forecast AUB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AUB is 41.70 USD with a low forecast of 40.00 USD and a high forecast of 44.00 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.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 37.440
Low
40.00
Averages
41.70
High
44.00
Current: 37.440
Low
40.00
Averages
41.70
High
44.00
About AUB
Atlantic Union Bankshares Corporation is the holding company for Atlantic Union Bank (the Bank), which provides banking and related financial products and services to consumers and businesses. The Bank has branches and ATMs located in Virginia, Maryland and North Carolina. It operates through two segments: Wholesale Banking and Consumer Banking. Its Wholesale Banking segment provides loan, leasing, and deposit services, as well as treasury management and capital market services to wholesale customers primarily throughout Virginia, Maryland, North Carolina, and South Carolina. These customers include commercial and industrial customers. This segment also includes its equipment finance subsidiary and its wealth management business. Its Consumer Banking segment provides loan and deposit services to consumers and small businesses throughout Virginia, Maryland, and North Carolina. Consumer Banking includes the home loan division and investment management, and advisory services businesses.
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.
