This is a project-level milestone on a previously sold portfolio. No new revenue or earnings impact relative to prior guidance. Monitor for the third project's COD and any new EPC contract wins.
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Executive Summary
PowerBank announced the SB-14 community solar project achieved commercial operation under a US$41 million EPC agreement with Honeywell. This is the second of three projects in the portfolio to reach COD, bringing total operational capacity to 14.02 MW. The announcement is a routine project milestone with no new financial guidance or surprise, consistent with previous disclosures.
Key Facts
- 7.01 MW DC ground-mount solar facility SB-14 reached commercial operation in upstate New York
- Part of a US$41 million EPC agreement covering three community solar projects totaling 21 MW DC for Honeywell
- Second project from the portfolio to achieve commercial operation; total now 14.02 MW
- PowerBank originated the site and retains an operations and maintenance contract
- Project transferred from Honeywell International to Honeywell Aerospace after the June 29, 2026 spinoff
- PowerBank has over 100 MW of completed projects and a development pipeline exceeding 1 GW
Financial Impact
The US$41 million EPC and sale transaction was previously disclosed in September 2023; this filing does not change the financial impact or provide new revenue/EPS figures.
Risk Factors
- Remaining third project (SB 13-1 or 13-2) may face delays in achieving COD
- Reliance on a single large customer (Honeywell) for the EPC agreement
- Forward-looking statements about AI infrastructure demand are unsubstantiated
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-031634 |
| Document: form6-k.htm | 0001493152-26-031634 |
| Document: 0001493152-26-031634-index-headers.html | 0001493152-26-031634 |
| Document: 0001493152-26-031634-index.html | 0001493152-26-031634 |
| Document: 0001493152-26-031634.txt | 0001493152-26-031634 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 6-K | — | awaiting T+5 | — | — |
Oct 1, 2026 25d ago | 6-K | $0.2750 $0.2299 | ▲ +16.40% | ▲ +17.70% | $0.1863 (+32.25%) |
Sep 30, 2026 26d ago | 6-K | $0.2890 $0.2530 | ▼ −12.46% | ▼ −14.37% | $0.1863 (−35.54%) |
Sep 29, 2026 27d ago | 6-K | $0.2602 $0.2480 | ▲ +4.69% | ▲ +6.64% | $0.1863 (+28.40%) |
Sep 3, 2026 7w ago | 6-K | $0.3999 $0.3355 | ▼ −16.10% | ▼ −14.96% | $0.1863 (−53.41%) |
Sep 3, 2026 7w ago | Press Release | $0.3999 $0.3355 | ▼ −16.10% | ▼ −14.96% | $0.1863 (−53.41%) |
Aug 31, 2026 8w ago | 6-K | $0.4393 $0.3785 | ▼ −13.84% | ▼ −13.70% | $0.1863 (−57.59%) |
Aug 24, 2026 9w ago | 6-K | $0.4445 $0.4393 | ▼ −1.17% | ▼ −1.64% | $0.1863 (−58.09%) |
Aug 20, 2026 9w ago | 6-K | $0.4740 $0.4480 | ▼ −5.49% | ▼ −6.60% | $0.1863 (−60.70%) |
Aug 18, 2026 9w ago | 6-K | $0.4698 $0.4410 | ▼ −6.13% | ▼ −5.93% | $0.1863 (−60.34%) |
US Market Status
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