This is a routine project win with no financial data reported. Monitor for the next milestone (building permit) and future quarterly filings for revenue recognition from this contract.
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Executive Summary
PowerBank Corp announced it was awarded a contract by the New York Power Authority for a 1.628 MW ground-mount solar project at SUNY Oneonta. The estimated construction value is $3.58 million, and the project is expected to qualify for approximately $1.4 million in federal investment tax credits. This is a modest, routine project win for a company with a development pipeline exceeding 1 GW, and the filing contains no financial results or guidance.
Key Facts
- Awarded contract for 1.628 MW DC solar project at SUNY Oneonta via NYPA RFP
- Estimated construction value of $3.58 million USD
- Project expected to qualify for ~$1.4 million USD in federal Investment Tax Credits
- Company has over 100 MW of completed projects and a development pipeline exceeding 1 GW
- No financial results, guidance, or material changes to operations reported
Financial Impact
Project construction value of $3.58M and expected tax credits of $1.4M, small relative to company's >1 GW pipeline
Risk Factors
- Project still requires building permit before construction can begin
- Financing availability for construction is not yet secured
- Historical stock performance shows negative drift on neutral filings for this ticker
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-041313 |
| Document: form6-k.htm | 0001493152-26-041313 |
| Document: 0001493152-26-041313-index-headers.html | 0001493152-26-041313 |
| Document: 0001493152-26-041313-index.html | 0001493152-26-041313 |
| Document: 0001493152-26-041313.txt | 0001493152-26-041313 |
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% | $0.1803 (+34.44%) |
Sep 30, 2026 26d ago | 6-K | $0.2890 $0.2530 | ▼ −12.46% | ▼ −14.37% | $0.1803 (−37.61%) |
Sep 29, 2026 27d ago | 6-K | $0.2602 $0.2480 | ▲ +4.69% | ▲ +6.64% | $0.1803 (+30.71%) |
Sep 3, 2026 7w ago | 6-K | $0.3999 $0.3355 | ▼ −16.10% | ▼ −14.96% | $0.1803 (−54.91%) |
Sep 3, 2026 7w ago | Press Release | $0.3999 $0.3355 | ▼ −16.10% | ▼ −14.96% | $0.1803 (−54.91%) |
Aug 31, 2026 8w ago | 6-K | $0.4393 $0.3785 | ▼ −13.84% | ▼ −13.70% | $0.1803 (−58.96%) |
Aug 24, 2026 9w ago | 6-K | $0.4445 $0.4393 | ▼ −1.17% | ▼ −1.64% | $0.1803 (−59.44%) |
Aug 20, 2026 9w ago | 6-K | $0.4740 $0.4480 | ▼ −5.49% | ▼ −6.60% | $0.1803 (−61.96%) |
Aug 18, 2026 9w ago | 6-K | $0.4698 $0.4410 | ▼ −6.13% | ▼ −5.93% | $0.1803 (−61.62%) |
US Market Status
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