Alliance Global Partners initiated coverage of SolarBank (SUUN) with a Buy rating and $4.75 price target SolarBank develops, constructs, and operates solar assets in the United States and Canada and the firm believes the company is well positioned to grow its presence in multiple green energy verticals by leveraging demonstrated past success in the solar industry. Anticipated growth in the Independent Power Producer segment, coupled with stated plans to meaningfully enter the higher growth Battery Energy Storage Systems and data center markets, should pave the way for multiple expansion, the analyst contends.
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