SolarBank Corp. Adopts Bitcoin Treasury Strategy with Geddes Project Revenue

Tip Ranks
2025.06.05 12:40
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SolarBank Corp. (TSE:SUNN) has adopted a Bitcoin treasury strategy, using revenue from its Geddes Solar Power Project to acquire Bitcoin. This initiative positions SolarBank as a leader in integrating cryptocurrency with renewable energy. The Geddes Project, expected to generate revenue by June 2025, will enhance the company's market position. Analysts rate SUNN stock as a Buy with a price target of C$4.75. SolarBank focuses on distributed solar projects in North America and has a development pipeline exceeding 1 GW.

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An update from Solarbank Corp. ( (TSE:SUNN) ) is now available.

SolarBank Corporation has announced the implementation of a Bitcoin treasury strategy, utilizing net cash from its Geddes Solar Power Project to acquire Bitcoin. This move positions SolarBank among the pioneering renewable energy companies adopting Bitcoin as a treasury reserve asset. The Geddes Project, with a capacity of 3.79 MW, is expected to generate revenue by the end of June 2025, contributing to the company’s growth and enhancing its market position. By converting solar energy revenue into digital assets, SolarBank aims to create a unique value proposition that combines stable cash flows from renewable energy with the potential appreciation of Bitcoin, supporting grid decarbonization and distributed energy resources expansion.

The most recent analyst rating on (TSE:SUNN) stock is a Buy with a C$4.75 price target. To see the full list of analyst forecasts on Solarbank Corp. stock, see the TSE:SUNN Stock Forecast page.

More about Solarbank Corp.

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 has completed over 100 MW of projects and has a development pipeline exceeding 1 GW across multiple North American markets. SolarBank develops solar, Battery Energy Storage System (BESS), and EV Charging projects, selling electricity to various off-takers, including utilities and residential customers.

Average Trading Volume: 4,667

Technical Sentiment Signal: Buy

Current Market Cap: C$260.9M

Find detailed analytics on SUNN stock on TipRanks’ Stock Analysis page.

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