Accessibility StatementSkip Navigation $11.35 Million USD; 5.9 MW Solar Project Built by PowerBank for Client The Project Generates Enough Electricity to Power Approx. 737 homes FORWARD-LOOKING STATEMENTS PowerBank Retains a 1 GW Development Pipeline TORONTO, Oct. 21, 2025 /PRNewswire/ - PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103)Â ("PowerBank" or the "Company"), a leader in North American energy infrastructure development and asset ownership, is pleased to share that it recently hosted ...

Welcome to the Green Stock News Brief for Thursday, October 16th. Here are today's top headlines. Fluence Energy and Torch Clean Energy have announced the Winchester project, a solar plus storage facility in Arizona that will use Fluence's Grid Stack Pro 5000 energy storage system with delivery expected in early 2027.The project will feature 160 megawatt, 640 megawatt hours of storage capacity alongside 280 megawatt solar arrays to support grid reliability, regional load growth, and local economic developme ...

Core Insights - PowerBank Corporation has executed a lease agreement for a 6.9 MW DC ground-mount solar power project in New York, which is expected to power the equivalent of 800 homes and is eligible for incentives under the NY-Sun Program [1][5] Company Overview - PowerBank Corporation is a leader in North American energy infrastructure development, focusing on distributed and community solar projects, with over 100 MW of completed projects and a development pipeline exceeding 1 GW [4][7] - The company aims to maximize returns through a diverse portfolio of projects across multiple North American markets, including utilities and community solar [7] Project Details - The NY-Crawford Rd project will operate as a community solar project, allowing renters and homeowners to save on electricity costs without installing solar panels on their properties [3] - The project aligns with New York's Climate Leadership and Community Protection Act goal of achieving 6 GW of solar capacity by 2025, contributing to nearly one-third of the U.S.'s installed solar capacity [5] Development Process - PowerBank is currently submitting the interconnection application and has begun preliminary screening analysis, with plans to complete the permitting process and secure financing for construction upon receiving interconnection approval [2]

Core Insights - The U.S. community solar sector is experiencing a significant decline, with installations dropping 36% year-over-year in the first half of the year, attributed to changes in legislation and tax incentives [3][5][6] - Despite the bearish outlook for community solar, certain solar stocks are performing well, driven by strong demand and favorable provisions in recent legislation [5][7][9] Community Solar Installations - Wood Mackenzie forecasts a 12% annual contraction in community solar installations through 2030, with total installations expected to reach 9.1 GW by mid-2025 and exceed 16 GW by 2030 [3][4] - New York is projected to account for nearly 30% of the U.S. decline in community solar installations in 2025, with Massachusetts, Maryland, and New Jersey facing similar challenges [1][2] Legislative Impact - The "One Big Beautiful Bill Act" (OBBBA) has negatively impacted tax incentives for clean energy projects, leading to a more pessimistic outlook for community solar [3][5] - OBBBA includes provisions that favor solar manufacturing in the U.S., maintaining tax credits for solar projects while phasing them out for wind and solar projects after December 31, 2027 [6] Company Performance - First Solar's stock has increased by 33.6% year-to-date, with UBS raising its price target due to expected benefits from OBBBA credits [7] - SolarEdge has achieved a year-to-date return of 172.4%, with a strategy focused on onshoring manufacturing to the U.S. to benefit from advanced manufacturing credits [8] - Sunrun has seen a 107.8% increase in stock value year-to-date, driven by cost efficiencies and a record storage attachment rate [9]

Core Insights - PowerBank Corporation has announced the progression of its 3.16 MW Honesdale ground-mount solar project in Pennsylvania, which is expected to power 370 homes [1][2] - The project aligns with PowerBank's strategic focus on community solar, aiming to provide clean and affordable energy to a diverse range of residents [2][4] - The development is contingent upon the approval of House Bill 1842, which facilitates community solar projects in Pennsylvania [3][4] Company Overview - PowerBank Corporation is an independent renewable energy project developer focusing on distributed and community solar projects in North America [6] - The company has completed over 100 MW of projects and has a development pipeline exceeding 1 GW [4][6] - PowerBank aims to maximize returns through a diverse portfolio of projects, including utility-scale and community solar initiatives [6] Legislative Context - House Bill 1842, passed by the Pennsylvania House, enables the development of community solar projects, which is crucial for PowerBank's expansion in the region [3] - The bill is currently under review by the Senate, and its final approval is necessary for the project's advancement [3] Market Position - PowerBank's expertise and strategic partnerships position it to deliver reliable renewable energy solutions [4] - The company is focused on maximizing the impact of its projects through institutional-grade development capabilities [4]

Core Viewpoint - Alliant Energy (LNT) is set to release its second-quarter 2025 results on August 7, following a significant negative earnings surprise of 45.6% in the previous quarter [1] Group 1: Factors Impacting Q2 Performance - The Janesville Community Solar Garden, a 2.25-megawatt project, began generating energy in May 2025, likely contributing positively to the upcoming quarterly results [2] - Alliant Energy's 200-MW solar facility in Linn County, renamed Pleasant Creek Solar, became operational during Q2 2025, expected to power approximately 40,000 homes annually, which may enhance the company's bottom-line performance [3] - An order from the IUC authorized annual base rate increases of $185 million for IPL's retail electric customers and $10 million for retail gas customers, likely boosting revenues for the quarter [4] - Increased demand from data centers and capital investments are expected to further support the bottom-line performance [4] - However, higher depreciation expenses and financing costs may have negatively impacted quarterly performance [5] Group 2: Q2 Expectations - The Zacks Consensus Estimate for earnings is 62 cents per share, reflecting a year-over-year increase of 8.8% [6] - Revenue estimates are set at $987.4 million, indicating a year-over-year increase of 10.5% [6] - Total electricity delivered is estimated at 7,729.98 megawatt-hours (MWh), up 0.4% year over year [6] Group 3: Earnings Prediction - The current model does not predict an earnings beat for Alliant Energy, with an Earnings ESP of +0.27% and a Zacks Rank of 4 (Sell) [7][8] - The combination of a positive Earnings ESP and a higher Zacks Rank typically increases the odds of an earnings beat, which is not the case for Alliant Energy this time [7] Group 4: Additional Context - New solar facilities launched in Wisconsin and Iowa are expected to enhance Q2 energy generation [9] - Rate increases for IPL electric and gas customers may have supported second-quarter revenues [9] - Earnings are likely under pressure from increased depreciation and financing expenses [9]

Core Viewpoint - SolarBank Corporation is advancing its community solar initiatives with the development of a 4.584 MW DC solar power project in upstate New York, expected to power 540 homes, as part of its growing pipeline exceeding one gigawatt [1][4]. Project Details - The Forest Hill Rd project will be eligible for the VDER rate compensation mechanism, with an average compensation projected at $0.0971 per kWh in the first year [2]. - The project aims to secure incentives under the NY-Sun Program, targeting up to $0.345 per watt DC [3]. Supply Chain Management - SolarBank has not been importing solar panels from countries affected by recent U.S. tariffs, allowing its operations to remain unaffected [3]. - The company is exploring alternative sourcing options from regions like the Middle East and North America, where solar panels are becoming cost-competitive [3]. Community Solar Concept - The project will operate as a community solar initiative, allowing renters and homeowners to benefit from solar energy without needing to install panels on their properties [4]. Customer Engagement - Solar Simplified manages customer-facing activities for SolarBank's community solar projects, ensuring full project subscription and maximizing revenue from the outset [5]. Company Overview - SolarBank Corporation focuses on developing renewable energy projects, including solar, battery energy storage systems, and EV charging projects, with a diverse portfolio across North America [7][8].

Core Viewpoint - SolarBank Corporation is developing a 7.2 MW DC community solar project in upstate New York, which is expected to power approximately 850 homes and is part of the company's expanding development pipeline exceeding one gigawatt [1][3][6] Group 1: Project Development - The Hoadley Hill Rd project has secured a site lease and is in the process of obtaining interconnection approval and necessary permits [1][2] - The project is anticipated to qualify for incentives under the NY-Sun Program by the New York State Energy Research and Development Authority (NYSERDA) [2] - SolarBank will continue to seek financing for the construction of the project once approvals are received [2] Group 2: Community Solar Benefits - Community solar allows multiple renters and homeowners to benefit from solar energy without needing to install panels on their properties, providing monthly credits on their electric bills [3] - The project aims to maximize revenue and ensure full subscription through the partnership with Solar Simplified, which manages customer-facing activities [4] Group 3: Company Overview - SolarBank Corporation focuses on distributed and community solar projects in Canada and the USA, with a development pipeline of over one gigawatt and a history of projects totaling over 100 megawatts [6]

Core Viewpoint - SolarBank Corporation is developing a 4.3 MW DC community solar project in upstate New York, which is expected to power approximately 500 homes and is part of the company's expanding development pipeline exceeding one gigawatt [1][3][6]. Group 1: Project Development - The Glen Rd project has a secured site lease and is undergoing an interconnection study, with plans to complete the permitting process and secure financing if the study is successful [2][5]. - The project will operate as a community solar initiative, allowing renters and homeowners to benefit from solar energy without needing to install panels on their properties [3][4]. Group 2: Company Operations - SolarBank Corporation focuses on distributed and community solar projects in Canada and the USA, with a development pipeline of over one gigawatt and a history of projects totaling over 100 megawatts [6]. - The company collaborates with Solar Simplified for customer-facing activities, ensuring project subscription and revenue maximization from the outset [4]. Group 3: Market and Incentives - The project is expected to qualify for incentives under the New York State Energy Research and Development Authority's NY-Sun Program, which supports solar energy initiatives [2][3]. - The company aims to drive sustainable growth through its business model, which aligns with community solar benefits [4].

Core Viewpoint - SolarBank Corporation is advancing its 7.2 MW DC community solar project in Wyoming County, New York, which is expected to power approximately 850 homes and is progressing towards permitting after completing the Coordinated Electric System Interconnection Review [1][2][3]. Project Development - The project will commence construction following the acquisition of necessary permits and financing, and it aims to operate under the NYSERDA NY-Sun Program for incentives [2][3]. - The clean energy generated will be integrated into the local electricity grid, allowing community members to earn credits on their electric bills without needing to install solar panels on their properties [3]. Strategic Focus - SolarBank's emphasis on community solar aligns with its objective to provide clean and affordable energy to thousands of homes [3]. - The partnership with Solar Simplified enhances customer engagement and project management, ensuring full subscription and revenue maximization from the outset [4]. Company Overview - SolarBank Corporation specializes in developing and owning renewable energy projects, particularly in distributed and community solar sectors across Canada and the USA [6]. - The company has a development pipeline exceeding one gigawatt and has successfully built renewable energy projects with a total capacity of over 100 megawatts [6].