Solarbank Corp. (TSE:SUNN) has released an update.
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SolarBank Corp. reported impressive first-quarter results with a 108% revenue increase to $16 million and a significant 361% growth in assets to $181 million, driven by the acquisition of Solar Flow-Through Funds Ltd. However, the company’s net income declined due to higher expenses related to the acquisition.
For further insights into TSE:SUNN stock, check out TipRanks’ Stock Analysis page.
