SOLARBANK CORP(SUUN),Stock Price, Discussion, News, Quote & History - To The Moon - Tiger Brokers Online Investing Community

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SUUN SOLARBANK CORP

Pre-Mkt 05-21 08:32:28 EDT

0.7089

+0.0839

+13.42%

盘前0.6901

-0.0188-2.65%

08:00 EDT

High0.7198	Low0.6221	Vol1.24M
Open0.6350	D1 Closing0.6250	Amplitude15.63%
Mkt Cap33.01M	Tradable Cap30.63M	Total Shares46.57M
T/O843.81K	T/O Rate2.87%	Tradable Shares43.20M
P/B--	ROE--	EPS0.00
52wk High--	52wk Low--	P/E--
Dividend--	Div.Yield--	ROA--

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Richard Lu, CEO of PowerBank (SUUN) commented: “Our Q3 reflects the financial transformation underw...","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/powerbank-reports-q3-eps-31c-vs-1-10-last-year-thefly-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/powerbank-reports-q3-eps-31c-vs-1-10-last-year-thefly-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["SUUN","BK4129"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2635086906","title":"Press Release: PowerBank Announces Third Quarter Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2635086906","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2635086906?lang=en_us&edition=fundamental","pubTime":"2026-05-15 19:07","pubTimestamp":1778843220,"startTime":"0","endTime":"0","summary":"Gross Margin Expands to 35% Year-to-Date; Working Capital Turns Positive to $10.7 Million; Net Loss Narrows to $M from $M in Prior Year. This news release constitutes a \"designated news release\" for the purposes of the Company's prospectus supplement dated June 5, 2025, to its short form base shelf prospectus dated May 7, 2025.TORONTO, May 15, 2026 /PRNewswire/ - PowerBank Corporation     reports its fiscal third quarter and fiscal 2026 interim financial results. All financial figures are in Canadian dollars and in accordance with IFRS Accounting Standards  as issued by the International Accounting Standards Board as presented in the interim consolidated financial statements. 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announce that it has executed a lease agreement on a 5 MW AC hybrid solar plus battery energy storage project known 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IRR","url":"https://stock-news.laohu8.com/highlight/detail?id=2623585375","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2623585375?lang=en_us&edition=fundamental","pubTime":"2026-03-31 19:16","pubTimestamp":1774955803,"startTime":"0","endTime":"0","summary":"PowerBank (SUUN) is pleased to announce that its 4.22 MW ground-mount solar project at Grandview Rd, located in Pennsylvania, has completed the Int...","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/powerbank-says-grandview-rd-project-in-pa-completes-irr-thefly-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/powerbank-says-grandview-rd-project-in-pa-completes-irr-thefly-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["SUUN","IRR","BK4129"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2621069153","title":"PowerBank advances NY-South Park project","url":"https://stock-news.laohu8.com/highlight/detail?id=2621069153","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2621069153?lang=en_us&edition=fundamental","pubTime":"2026-03-24 19:10","pubTimestamp":1774350613,"startTime":"0","endTime":"0","summary":"PowerBank (SUUN) is pleased to announce an update on the development of the NY-South Park project located on a closed landfill site in Buffalo, New...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/powerbank-advances-ny-south-park-project-thefly-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/powerbank-advances-ny-south-park-project-thefly-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4129","SUUN"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2616347393","title":"PowerBank and GrandBridge sign solar and storage agreement in Ontario","url":"https://stock-news.laohu8.com/highlight/detail?id=2616347393","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2616347393?lang=en_us&edition=fundamental","pubTime":"2026-03-03 20:17","pubTimestamp":1772540239,"startTime":"0","endTime":"0","summary":"PowerBank (SUUN) and GrandBridge signed an agreement to jointly develop and invest in solar energy and battery storage projects in Ontario. Pursuit...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/powerbank-and-grandbridge-sign-solar-and-storage-agreement-in-ontario-thefly-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/powerbank-and-grandbridge-sign-solar-and-storage-agreement-in-ontario-thefly-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["SUUN","BK4129"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2612441564","title":"Solarbank Names COO Andrew Van Doorn as President","url":"https://stock-news.laohu8.com/highlight/detail?id=2612441564","media":"MT Newswires Live","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2612441564?lang=en_us&edition=fundamental","pubTime":"2026-02-18 22:29","pubTimestamp":1771424984,"startTime":"0","endTime":"0","summary":"Solarbank (SUUN) said Wednesday that the chief operating officer Andrew van Doorn will take on the additional role of company president.Solarbank said it also renewed its at-the-market equity program ","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4198","GB00BDT5M118.USD","BK4585","LU1992135472.HKD","LU2272731600.USD","BK4588","COO","LU2211815571.USD","BK4129","LU2272731782.SGD","LU1992135399.USD","SUUN"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2612344312","title":"PowerBank Promotes Van Doorn to President, Expanding Chief Operating Officer Role","url":"https://stock-news.laohu8.com/highlight/detail?id=2612344312","media":"Dow Jones","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2612344312?lang=en_us&edition=fundamental","pubTime":"2026-02-18 20:34","pubTimestamp":1771418040,"startTime":"0","endTime":"0","summary":"PowerBank promoted Andrew van Doorn to president, expanding his existing role as chief operating officer as the renewable energy company accelerates efforts to grow across North America.Van Doorn will provide executive leadership to PowerBank's operations and growth strategies while continuing to oversee commercial operations, project development and strategic partnerships, the company said.PowerBank is working to develop a pipeline of more than 1 gigawatt of renewable energy projects and has plans to enter new markets including space-based infrastructure and advanced data centers. The company develops solar and battery energy storage systems that sell electricity to utilities and industrial, municipal and residential users.The company said it might also issue up to $50 million in shares under an equity distribution agreement signed with H.C. Wainwright & Co., Research Capital and Research Capital USA to renew an at-the-market equity program.The timing of any sales and the number of sh","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":"PowerBank Promotes Van Doorn to President, Expanding Chief Operating Officer Role","news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SUUN","BK4129"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2611630151","title":"Press Release: PowerBank Announces Second Quarter Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2611630151","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2611630151?lang=en_us&edition=fundamental","pubTime":"2026-02-13 20:07","pubTimestamp":1770984420,"startTime":"0","endTime":"0","summary":"Fiscal Year to Date Revenues of $22.3 million and a 36% Gross Margin. This news release constitutes a \"designated news release\" for the purposes of the Company's prospectus supplement dated June 5, 2025, to its short form base shelf prospectus dated May 7, 2025.TORONTO, Feb. 13, 2026 /PRNewswire/ - PowerBank Corporation     reports its fiscal second quarter 2026 financial results. All financial figures are in Canadian dollars and in accordance with IFRS Accounting Standards  as issued by the International Accounting Standards Board as presented in the interim consolidated financial statements. References to \"FY2025\" mean the year ended June 30, 2025 and references to \"FY2026\" mean the year ended June 30, 2026.-- Gross profit was $8.1 million, or 36% of revenues, compared to $5.7. million, or 30% of revenues in the same period for FY2025.-- Adjusted EBITDA of $2.5 million compared to $2.3 million for the same. -- Revenues were $22.3 million compared to $19.2 million in the same period. ","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4023","BK4585","BK4182","BK4551","BK4587","SUUN","BK4129","BK4543","BESS","USD","BK4528","AI","BK4588"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2611057599","title":"PowerBank Q2 EPS $(0.15) Misses $0.03 Estimate, Sales $2.226M Miss $17.820M Estimate","url":"https://stock-news.laohu8.com/highlight/detail?id=2611057599","media":"Benzinga","labels":["dataReport","express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2611057599?lang=en_us&edition=fundamental","pubTime":"2026-02-13 06:27","pubTimestamp":1770935233,"startTime":"0","endTime":"0","summary":"PowerBank (NASDAQ:SUUN) reported quarterly losses of $(0.15) per share which missed the analyst consensus estimate of $0.03 by 600 percent. This is a 114.29 percent decrease over losses of $(0.07) per share from the same","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.benzinga.com/news/earnings/26/02/50599807/powerbank-q2-eps-0-15-misses-0-03-estimate-sales-2-226m-miss-17-820m-estimate","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":"PowerBank Q2 EPS $(0.15) Misses $0.03 Estimate, Sales $2.226M Miss $17.820M Estimate","news_tag":"dataReport,express","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4129","SUUN"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2610926340","title":"PowerBank makes strategic $500K investment in Orbit AI","url":"https://stock-news.laohu8.com/highlight/detail?id=2610926340","media":"TIPRANKS","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2610926340?lang=en_us&edition=fundamental","pubTime":"2026-02-12 20:39","pubTimestamp":1770899965,"startTime":"0","endTime":"0","summary":"PowerBank (SUUN) announced a definitive subscription agreement for a strategic investment of $500K by PowerBank into Orbit AI. This capital infusio...","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/powerbank-makes-strategic-500k-investment-in-orbit-ai-thefly-2?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/powerbank-makes-strategic-500k-investment-in-orbit-ai-thefly-2?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4587","BK4129","BK4528","BK4551","SUUN","AI","BK4023","BK4588","BK4543","BK4585"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2609708143","title":"PowerBank signs contracts with Intellistake for full deployment of AI agents","url":"https://stock-news.laohu8.com/highlight/detail?id=2609708143","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2609708143?lang=en_us&edition=fundamental","pubTime":"2026-02-05 20:39","pubTimestamp":1770295167,"startTime":"0","endTime":"0","summary":"PowerBank (SUUN) announced the signing of two contracts with Intellistake Technologies (ISTKF) to formally onboard and deploy the IntelliScope Ente...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/powerbank-signs-contracts-with-intellistake-for-full-deployment-of-ai-agents-thefly?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/powerbank-signs-contracts-with-intellistake-for-full-deployment-of-ai-agents-thefly?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4023","BK4212","SUUN","ISTKF","BK4129"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2608080531","title":"PowerBank Stock Climbs After Raising $13.7M in Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2608080531","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2608080531?lang=en_us&edition=fundamental","pubTime":"2026-02-04 00:35","pubTimestamp":1770136500,"startTime":"0","endTime":"0","summary":"Shares of PowerBank rose after the company raised gross proceeds of $13.7 million through an offering of its common shares.The stock rallied 18% to $1.83 on Tuesday. Shares have slid 39% over the past year.The renewable energy project developer said it sold 7.7 million shares under the offering.PowerBank expects to use the proceeds to develop its portfolio of renewable energy projects, with a focus on solar and battery energy storage, and strengthen its position as an independent power producer, among other functions.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4129","SUUN"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2608360866","title":"Press Release: $920,000 USD Received by PowerBank in Closing of Term Conversion of Financing for Geddes Project","url":"https://stock-news.laohu8.com/highlight/detail?id=2608360866","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2608360866?lang=en_us&edition=fundamental","pubTime":"2026-02-02 20:07","pubTimestamp":1770034020,"startTime":"0","endTime":"0","summary":"PowerBank Secures Mini-Perm Financing Following Successful Commissioning of Community Solar Asset. TORONTO, Feb. 2, 2026 /CNW/ - PowerBank Corporation    , a leader in North American energy infrastructure development and asset ownership, is pleased to announce that is has received $920,00 USD from the closing of the term conversion of the construction loan for the Geddes Project  in upstate New York. The loan was initially announced by PowerBank on June 24, 2024.PowerBank entered into a loan agreement with Seminole Financial Services, LLC  for an initial $2,600,000 USD construction to mini-perm loan  which was used to complete construction of the Geddes Project located in Upstate, New York. This funding structure enables PowerBank to efficiently transition from construction financing to long-term debt to support operations .There are several risks associated with the operation of the Project and the Loan. If the Company defaults under the terms of the agreement for the Loan, the lender","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BESS","SUUN","BK4182","USD","BK4129"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2601819688","title":"PowerBank's SFF-06 Battery Storage Project Enters Final Commissioning Phase","url":"https://stock-news.laohu8.com/highlight/detail?id=2601819688","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2601819688?lang=en_us&edition=fundamental","pubTime":"2026-01-07 00:00","pubTimestamp":1767715255,"startTime":"0","endTime":"0","summary":"PowerBank  said Tuesday that its 4.99-megawatt SFF-06 battery energy storage system project in Ontario is in final commissioning and expected to reach commercial operation this month.Once operational, SFF-06 is expected to provide 4.74 megawatts of contracted capacity per business day for 251 days each year under a 22-year Independent Electricity System Operator contract secured in 2023, the company said.The project is also eligible for Canada's 2024 Clean Technology Investment Tax Credit, which offers reimbursement of up to 30% of qualifying capital expenditures, it added.Shares of the company were up 1% in recent trading Tuesday.Price: 1.69, Change: +0.02, Percent Change: +1.20","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["SUUN","BK4129"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2595777048","title":"PowerBank Shares Rise After $8M Loan Secured","url":"https://stock-news.laohu8.com/highlight/detail?id=2595777048","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2595777048?lang=en_us&edition=fundamental","pubTime":"2025-12-31 22:50","pubTimestamp":1767192600,"startTime":"0","endTime":"0","summary":"PowerBank has entered an $8 million revolving credit facility with NY Green Bank to fund solar-power and energy-storage projects.Shares trading on the Nasdaq rose 6.4% to $1.76.The Toronto-based energy-infrastructure developer said Wednesday the loan will be used to fund interconnection deposits for an initial portfolio of 50 MW of distributed solar power and battery-energy storage projects located in New York state.An interconnection deposit is money developers pay to utilities to connect a new solar or battery project to the grid.NY Green Bank is a division of the New York State Energy Research and Development Authority, a state-sponsored specialized fund that invests in New York State's clean-energy markets.PowerBank said it will add projects to the portfolio beyond the initial 50 megawatts as it is ready.","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SUUN","BK4129"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2595976067","title":"PowerBank Advances 2.1 MW Solar Development Site in New York","url":"https://stock-news.laohu8.com/highlight/detail?id=2595976067","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2595976067?lang=en_us&edition=fundamental","pubTime":"2025-12-30 21:10","pubTimestamp":1767100254,"startTime":"0","endTime":"0","summary":"PowerBank  said Tuesday it successfully completed an interconnection study for a new 2.1-megawatt solar facility situated on a former landfill site in update New York.The site is secured by a land lease and the project will now move into the local permitting phase following the positive electrical system review, the company said.The project is expected to qualify for the state's distributed energy compensation program and various federal tax credits, PowerBank said.Final construction remains contingent on obtaining necessary permits and securing third-party financing, it added.PowerBank shares were 1.7% higher in premarket 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Introduction