PowerBank Stock Price, News & Analysis

PowerBank (NASDAQ: SUUN) has commenced installation of its first 4.99 MW Battery Energy Storage System (BESS) in Cramahe, Ontario. The SFF-06 project, secured through a $45 million acquisition of Solar Flow-Through Funds Ltd., is backed by a $25.8 million RBC loan and features a 22-year IESO contract with a premium capacity payment of $1,221/MW per business day.

The project is jointly owned through a 50-50 partnership between PowerBank and First Nations communities. The company has contracted Anvil Crawler Development Corp. for a $1.85 million civil and electrical work package. The project qualifies for up to 30% Clean Technology Investment Tax Credit on eligible capital costs.

However, the company faces challenges with its 903 project, experiencing permitting delays and negotiations with Evlo regarding payment deadlines for multiple projects.

PowerBank (NASDAQ: SUUN) has announced a strategic partnership with Intellistake Technologies (CSE: ISTK) focused on digital assets and tokenization initiatives. The collaboration encompasses three key areas: a Digital Asset Treasury Program where PowerBank will accumulate Bitcoin while Intellistake focuses on AI-related digital currencies, Bitcoin Treasury Management services provided by Intellistake, and the potential tokenization of PowerBank's clean energy assets.

The partnership aims to bridge traditional energy infrastructure with digital economy demands, with analysts forecasting the tokenized real-world assets (RWA) market could reach $30 trillion by 2034. The companies are currently evaluating regulatory frameworks for tokenization, with specific structures and timelines yet to be determined. PowerBank will transition from Coinbase to Intellistake for digital currency custody services.

PowerBank Corporation (NASDAQ: SUUN) has announced the renewal of its digital marketing partnership with The Financial Star News Inc. (FSN). The new six-month agreement commences July 31, 2025, with FSN providing comprehensive digital marketing services including campaign creation, keyword optimization, and social media management.

The Company will pay FSN a fee of USD $350,000 (plus GST) for these services. This follows a previous engagement where FSN received USD $700,000 and 500,000 Restricted Share Units, of which 250,000 shares were sold after the initial program's completion. FSN has committed to not selling their remaining shares during the active marketing campaign.

PowerBank Corporation (NASDAQ: SUUN) has announced the successful launch of its largest U.S. asset, the 3.79 MW Geddes Solar Power Project in New York State. The project, built on a repurposed landfill, can power approximately 450 homes annually with clean, renewable energy.

In a strategic move, PowerBank is implementing a novel Bitcoin treasury strategy, where net cash flows from the Geddes project will be allocated to Bitcoin purchases, marking a dual-track approach combining renewable energy with digital asset investment. The company plans to potentially expand this strategy across other projects in its Independent Power Producer portfolio.

The project is operated in partnership with Solar Simplified, which manages customer-facing activities for community solar projects, ensuring full subscription and maximized revenue from day one.

SolarBank Corporation (NASDAQ: SUUN) announced its corporate rebranding to PowerBank Corporation, effective July 28, 2025. The name change better reflects the company's broader focus on power and energy solutions beyond solar energy. The company's stock symbols on NASDAQ (SUUN), Cboe CA (SUNN), and FSE (GY2) will remain unchanged.

The rebranding, approved by shareholders on July 23, 2025, does not involve any share capital consolidation or changes to the company's share structure. Existing share certificates will remain valid, and shareholders are not required to take any action. The company will update its website to www.powerbankcorp.com on the effective date.

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.