Latest news with #SolarBank
Globe and Mail
16-07-2025
- Business
- Globe and Mail
SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Aligns Strategy as North American Energy Policy Shifts
Disseminated on behalf of SolarBank Corporation U.S. clean energy tax credits under the new Big Beautiful Bill require projects to commence construction by July 4, 2026, and complete within four years. SolarBank has enough advanced-stage U.S. projects to meet this timeline, backed by a $100 million financing deal with CIM Group. The company is prioritizing construction on a 97 MW portfolio in key states with interconnection and permitting progress. In Canada, SolarBank is deploying battery systems in Ontario under decade-long IESO contracts and expanding in Nova Scotia's Community Solar program. Canada's 'Build, baby, build' policy push under Prime Minister Mark Carney favors developers with shovel-ready assets. SolarBank is actively adjusting development and financing schedules to align with evolving incentives while managing cross-border policy risk. SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., is positioning itself to navigate and benefit from rapidly evolving policy developments in both the United States and Canada. As lawmakers on both sides of the border adjust clean energy timelines, incentives, and infrastructure priorities, the solar and battery storage developer is adapting its strategy to maintain momentum and secure investor value ( In the U.S., the newly enacted Big Beautiful Bill ('BBB') sets a clear policy horizon for renewable energy developers. The legislation allows solar and battery energy storage projects to qualify for full investment tax credits ('ITCs') if construction begins by July 4, 2026, and the projects reach commercial operation… Read More>> For more information, visit the company's website at This report contains forward-looking information. Please refer to for additional details. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Corporate Communications
Yahoo
16-07-2025
- Business
- Yahoo
SolarBank Corp (SUNN) Rated as a ‘Buy' at D. Boral Capital on Recurring Revenue Growth Prospects
SolarBank Corporation (NASDAQ:SUUN) is one of the best green energy penny stocks to buy right now. On July 8, D. Boral Capital initiated coverage of the stock with a 'Buy' rating and a$4 price target. The firm has echoed the company's transition from an engineering and construction model to one that incorporates asset ownership. A technician installing a communication device in a large solar energy system. Consequently, the research firm expects the transition to trigger a significant increase in the company's recurring revenue. It expects growth beyond the 32MW in power capacity that generated $9.2M in the last 12 months. D. Boral Capital is optimistic that the company will reach over $100 million in recurring revenue by 2030 as it continues to develop, own, and operate solar photovoltaic farms and battery energy storage systems. Boral Capital expects a significant upside following SolarBank's acquisition of Solar Flow, which ended up adding 70 contracted solar assets, generating significant recurring revenue. In addition, the firm insists that the company is well-capitalized for expansion, given its $190 million in total assets and a strong, diversified project pipeline. SolarBank Corporation (NASDAQ:SUUN) develops, owns, and operates renewable and clean energy projects. It primarily focuses on solar power. It sells clean energy to utilities, commercial, industrial, municipal, and residential customers. While we acknowledge the potential of SUUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Popular AI Penny Stocks to Buy According to Billionaires and 10 Best Defensive Stocks to Buy in a Volatile Market. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
14-07-2025
- Business
- Yahoo
IBN Coverage: SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Clears Regulatory Hurdle for 7.2 MW Hoadley Hill Solar Project in New York
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community. LOS ANGELES, CA - July 14, 2025 (NEWMEDIAWIRE) - Disseminated on behalf of SolarBank Corporation The Hoadley Hill project has passed the CESIR process, a key step toward interconnection with the local grid. The 7.2 MW ground-mount solar array is expected to power the equivalent of 850 homes. The project is structured as a community solar initiative, enabling local residents to subscribe and receive utility bill credits. It will benefit from New York's VDER compensation system, offering US$0.0971/kWh in projected year-one compensation. SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., has announced that it has successfully completed the Coordinated Electric System Interconnection Review ("CESIR") for its 7.2-megawatt Hoadley Hill Road solar project in upstate New York. The regulatory clearance marks a critical milestone in advancing the project toward construction ( The CESIR process is an essential part of connecting new distributed energy resources to the electric grid in New York State. By completing this step, SolarBank now turns to final permitting, financing Read More For more information, visit the company's website at This report contains forward-looking information. Please refer to for additional details. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: The latest news and updates relating to SUUN are available in the company's newsroom at Forward Looking Statements Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law. About IBN IBN is a cutting-edge communications and digital engagement platform providing tailored Platform Solutions for select private and public companies. Over the course of 19+ years, IBN has introduced over 70 investor facing brands to the investment public and amassed a collective audience of millions of social media followers. These distinctive investor brands amplify recognition and reach as well as help fulfill the unique needs of our rapidly growing and diverse base of client-partners. IBN will continue to expand our branded network of influential properties as well as leverage the energy and experience of our team of professionals to best serve our clients. IBN's Platform Solutions provide access to: (1) our Dynamic Brand Portfolio (DBP) through 70+ investor facing brands; (2) article and editorial syndication to 5,000+ news outlets; (3) full-scale distribution to a growing Social Media Network (SMN) ; (4) a network of wire solutions via InvestorWire to effectively reach target markets and demographics; (5) Press Release Enhancement to ensure accuracy and impact; (6) a full array of corporate communications solutions; and (7) total news coverage solutions. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Media Contact IBNLos Angeles, OfficeEditor@ View the original release on
Yahoo
14-07-2025
- Business
- Yahoo
SolarBank Corp (SUNN) Rated as a ‘Buy' at D. Boral Capital on Recurring Revenue Growth Prospects
SolarBank Corporation (NASDAQ:SUUN) is one of the best green energy penny stocks to buy right now. On July 8, D. Boral Capital initiated coverage of the stock with a 'Buy' rating and a$4 price target. The firm has echoed the company's transition from an engineering and construction model to one that incorporates asset ownership. A technician installing a communication device in a large solar energy system. Consequently, the research firm expects the transition to trigger a significant increase in the company's recurring revenue. It expects growth beyond the 32MW in power capacity that generated $9.2M in the last 12 months. D. Boral Capital is optimistic that the company will reach over $100 million in recurring revenue by 2030 as it continues to develop, own, and operate solar photovoltaic farms and battery energy storage systems. Boral Capital expects a significant upside following SolarBank's acquisition of Solar Flow, which ended up adding 70 contracted solar assets, generating significant recurring revenue. In addition, the firm insists that the company is well-capitalized for expansion, given its $190 million in total assets and a strong, diversified project pipeline. SolarBank Corporation (NASDAQ:SUUN) develops, owns, and operates renewable and clean energy projects. It primarily focuses on solar power. It sells clean energy to utilities, commercial, industrial, municipal, and residential customers. While we acknowledge the potential of SUUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Popular AI Penny Stocks to Buy According to Billionaires and 10 Best Defensive Stocks to Buy in a Volatile Market. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Cision Canada
10-07-2025
- Business
- Cision Canada
SolarBank Issues Update on Strategic Positioning Amid Shifting U.S. and Canadian Policy Landscape
TORONTO, July 10, 2025 /CNW/ - SolarBank Corporation (Cboe CA: SUNN) (NASDAQ: SUUN) (" SolarBank" or the " Company"), a leading North American developer, owner, and operator of solar and battery energy storage systems (BESS), is pleased to update current and prospective shareholders about how the Company is positioning itself for success in the shifting policy environment in North America. In the United States, recent federal legislation—the so-called Big Beautiful Bill (" BBB")—has introduced a new timeline for clean energy investment tax credits (ITCs). Under the BBB, projects that begin construction by July 4, 2026 can still qualify for the full tax credit, provided they reach commercial operation within four years. "SolarBank is prepared," said Dr. Richard Lu, CEO of SolarBank. "We have enough advanced-stage projects we can get into construction before the deadline to take advantage of the tax credits. In particular, there is still enough time to execute on the projects supported by the $100 million financing with CIM." The Company has prioritized development pathways in key U.S. states where site control, interconnection progress, and permitting are sufficiently advanced to qualify for full ITC treatment under the new rules. The $100 million in project-level capital announced through a strategic partnership with CIM Group provides much of the capital to allow SolarBank to move swiftly toward construction on a 97 MW portfolio in these high-value markets. In parallel, SolarBank's diversified footprint across Canada offers resilience against U.S. policy risk. The Company is currently deploying battery storage systems in Ontario under the Independent Electricity System Operator's (IESO) Long-Term RFP framework, which is designed to secure clean, dispatchable capacity through decade-long contracts. SolarBank is also a leader in Nova Scotia's Community Solar program, where it holds significant market share and is actively expanding. "SolarBank benefits from Canada's support to clean energy," Dr. Lu added, "and is leading the charge to build Canada as an energy superpower." He pointed to Prime Minister Mark Carney's "Build, baby, build" initiative—Canada's new fast-track push for infrastructure, housing, and energy development—as a major accelerant for clean energy developers with shovel-ready assets. The broader outlook for solar and storage in the U.S. remains robust. According to recent federal data, the United States will need to add over 206 gigawatts of new power capacity by 2030, with solar expected to supply nearly three-quarters of that demand. In Q1 2025 alone, solar and wind accounted for 98% of new capacity brought online nationwide. "March 2025 marked the 19th consecutive month that solar was the largest source of new electrical capacity in the U.S.," said Dr. Lu. "As costs continue to fall, and with superior speed to market, in my view there remains a bright future for solar and battery storage projects." SolarBank continues to monitor policy changes across jurisdictions and is actively shaping its construction and financing schedules to maximize incentives while building long-term shareholder value. There are several risks associated with the development of the projects disclosed in this press release. The development of any project is subject to receipt of a community solar contract, receipt of required permits, the availability of third-party financing arrangements for the Company and the risks associated with the construction of a solar power project. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for solar power, which could result in future projects no longer being economic. The CIM transaction is subject to the execution of definitive documentation setting out all of the representations, warranties, covenants and conditions precedent associated with the CIM transaction. There is a risk that definitive documentation may not be executed or that the conditions precedent to the CIM Transaction are not satisfied. In such case, no funding will be advanced under the terms of the CIM transaction. SolarBank will also need to secure the financing required to develop projects to mechanical completion and substantial completion, as prior to such milestone none of the funding from the CIM transaction will be available. Please refer to "Forward-Looking Statements" for additional discussion of the assumptions and risk factors associated with the Projects and statements made in this press release. About SolarBank Corporation SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar, Battery Energy Storage System (BESS) and EV Charging projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading 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. To learn more about SolarBank, please visit FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. In particular and without limitation, this news release contains forward-looking statements pertaining to the Company's expectations regarding its industry trends and overall market growth; the Company's growth strategies the expected energy production from the solar power projects mentioned in this press release; the timeline for construction; market outlook for solar energy; the details of the CIM financing transaction expected revenues and benefits of the Project to the Company; the receipt of interconnection approval, permits and financing to be able to construct the Projects; the receipt of incentives for the Projects; and the size of the Company's development pipeline. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. In making the forward looking statements included in this news release, the Company has made various material assumptions, including but not limited to: obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the execution of definitive documentation for the CIM transaction; the satisfaction of all conditions precedent for the CIM transaction; the Company's ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company's ability to attract and retain skilled staff; market competition; the products and services offered by the Company's competitors; that the Company's current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements. Whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under "Forward-Looking Statements" and "Risk Factors" in the Company's most recently completed Annual Information Form, and other public filings of the Company, which include: the Company may be adversely affected by volatile solar power market and industry conditions; the failure to execute definitive documentation for the CIM transaction; the failure to satisfy all conditions precedent for the CIM transaction; the execution of the Company's growth strategy depends upon the continued availability of third-party financing arrangements; the Company's future success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may have an adverse impact on our operating performance and results of operations; the Company's project development and construction activities may not be successful; developing and operating solar projects exposes the Company to various risks; the Company faces a number of risks involving Power Purchase Agreements ("PPAs") and project-level financing arrangements; any changes to the laws, regulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use of solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation could adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign exchange rate fluctuations; a change in the Company's effective tax rate can have a significant adverse impact on its business; seasonal variations in demand linked to construction cycles and weather conditions may influence the Company's results of operations; the Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional indebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation and tariffs; unexpected warranty expenses that may not be adequately covered by the Company's insurance policies; if the Company is unable to attract and retain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers of utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility may adversely impose additional costs; the future impact of any global pandemic on the Company is unknown at this time; the Company has limited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks; the Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will continue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders; and future dilution as a result of financings. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
