PowerBank Stock Price, News & Analysis

SolarBank Corporation (NASDAQ: SUUN) has provided a strategic update on its positioning amid evolving clean energy policies in North America. The company is leveraging the U.S. Big Beautiful Bill (BBB), which allows projects starting construction by July 4, 2026 to qualify for full investment tax credits (ITCs).

Key developments include a $100 million financing partnership with CIM Group for a 97 MW portfolio and significant operations in Canada's clean energy sector. The company is deploying battery storage systems in Ontario under IESO's Long-Term RFP framework and maintains a strong presence in Nova Scotia's Community Solar program.

The U.S. market outlook remains strong, with solar expected to provide nearly three-quarters of the 206 gigawatts of new power capacity needed by 2030. March 2025 marked the 19th consecutive month of solar being the largest source of new electrical capacity in the U.S.

SolarBank Corporation (NASDAQ: SUUN) has achieved a significant milestone for its 7.2 MW Hoadley Hill Road ground-mount solar project in upstate New York with the completion of the Coordinated Electric System Interconnection Review (CESIR). The project, designed to power approximately 850 homes, will be structured as a community solar initiative.

The project is expected to receive US$0.0971/kWh in year-one average compensation through New York's VDER program and may qualify for NYSERDA's NY-Sun Program incentives of up to US$0.395/W DC. This development adds to SolarBank's portfolio of over 100 MW of completed projects and its 1 GW development pipeline.

SolarBank Corporation (NASDAQ: SUUN) has announced plans to develop a 2.4 MW DC ground-mount solar project in Sydney, Nova Scotia, valued at $4.57 million. The project, owned by AI Renewable Flow-through Fund with SolarBank as lead developer and builder, will generate 2,730 MWh of clean energy annually, powering 221 homes and eliminating 1,900 tons of CO2 emissions yearly. Construction is expected to begin in Spring 2026, with SolarBank partnering with local firm Trimac Engineering. The project will provide over $1.36 million in electricity savings for residents over its lifetime and offers subscribers bill credits of $0.02/kWh. This marks SolarBank's second community solar project in Nova Scotia, supporting the province's goal of 80% renewable energy by 2030. The company brings significant expertise with over 100 MW of projects built and a 1+ GW development pipeline.

SolarBank Corporation (Nasdaq: SUUN) has announced the renewal of its at-the-market (ATM) equity program following the filing of a new short form base shelf prospectus. The company has entered into an equity distribution agreement with H.C. Wainwright & Co., LLC, Research Capital Corporation, and Research Capital USA Inc. Under the agreement, SolarBank may issue common shares with an aggregate offering price of up to US$15 million. The shares will be sold at prevailing market prices through the agents, with a 3.0% commission. The proceeds will be used for business objectives, ongoing operations, working capital, debt repayment, and potential acquisitions. The ATM Program is being offered through prospectus supplements in both Canada and the United States.

SolarBank Corporation (NASDAQ: SUUN) has announced plans to use net cash from its 3.79 MW Geddes Solar Power Project to purchase Bitcoin, becoming one of the first renewable energy companies to implement a Bitcoin treasury strategy. The Geddes Project, built on a repurposed landfill, is expected to begin generating revenue in June 2025 and represents part of SolarBank's 1+ gigawatt development pipeline. The solar-to-Bitcoin model involves selling power to community solar subscribers through subscription agreements, with net revenue being partially allocated to Bitcoin purchases based on market conditions. The strategy aims to create dual value streams combining stable energy revenue with potential Bitcoin appreciation. The actual timing and value of Bitcoin purchases will be determined by management based on various factors including market conditions and cash needs.

SolarBank Corporation (NASDAQ: SUUN) has announced a new Bitcoin treasury strategy, positioning itself at the intersection of renewable energy and cryptocurrency. The company has initiated an account opening with Coinbase Prime for Bitcoin custody services. This strategic move aims to hedge against inflation while leveraging SolarBank's clean energy portfolio to offset Bitcoin mining emissions. The company maintains its core focus on renewable energy development, highlighted by recent major partnerships including a $100M deal with CIM Group, $49.5M with Qcells, $41M with Honeywell for community solar projects, and a $25M credit facility from RBC. SolarBank's portfolio includes over 1 GW in development pipeline across Canada and the US, generating recurring revenue through long-term PPAs with utilities and municipalities.

SolarBank Corporation (NASDAQ: SUUN) has announced plans to develop a 6.9 MW DC ground-mount solar power project in Brooklyn, Nova Scotia. The project, owned by AI Renewable Fund, will be developed and built by SolarBank at an estimated cost of $13.9M in partnership with local firm Trimac Engineering. The project is part of Nova Scotia's Community Solar Program, supporting the province's goal of 80% renewable energy by 2030. Expected to power approximately 900 homes, the project will allow community members to earn credits on their electric bills, saving $0.02/kWh. Construction is scheduled to begin in Spring 2026 with completion in Summer 2026. Additionally, SolarBank announced a shares for services arrangement with an advisor, involving monthly payments of $35,000 USD in shares and cash, potentially increasing to $100,000 USD monthly based on performance milestones.

SolarBank Corporation (SUUN) reported its fiscal Q3 2025 results showing mixed performance. IPP revenue increased significantly from $0.3M to $6.6M, while total revenue decreased to $29.1M from $50.4M YoY. The company reported a net loss of $9M ($0.29 per share) compared to net income of $5.5M ($0.20 per share) in 2024. Assets grew 395% to $194M following Solar Flow-Through Funds acquisition. Key developments include the $7.3M sale of the Camillus Solar Project, commencement of their first battery storage project backed by a $25.8M RBC facility, and a partnership with Viridi. Notably, SolarBank secured a mandate letter from CIM Group for up to US$100M in project financing for a 97 MW solar portfolio in the US. The company ended Q3 with $45.3M in current assets, including $24.7M in cash.

SolarBank Corporation (NASDAQ: SUUN) has announced it will release its financial results for Q1 2025 (quarter ended March 31, 2025) after the Nasdaq market close on May 15, 2025. The company will host a webinar at 4:30 PM Eastern Time on the same day to discuss the quarterly results and provide a business update. Investors can register for the webinar through Microsoft Teams to receive detailed joining information.