PowerBank Receives Final Environmental Permit for C$14 Million Nova Scotia Community Solar Project, Backed by C$4.55 Million in Federal and Provincial Grants and Tax Credits

PowerBank Corporation (Nasdaq: PBK) said its 903 BESS project in Ontario received Official Plan Amendment and Zoning Bylaw Amendment approvals on July 21, 2026. The company expects site plan approval and permits to enable construction in Q4 2026. The project secured a 22-year IESO contract in July 2023 with a fixed capacity payment of $1,221/MW per business day.

PowerBank Corporation (NASDAQ: PBK) said it closed a registered direct offering of 7,000,000 common shares with two new long-term institutional investors, raising $4.2 million before fees and expenses. Net proceeds will fund delivery of its IPP project portfolio, working capital, and general corporate purposes, with A.G.P./Alliance Global Partners as placement agent.

PowerBank Corporation (NASDAQ: PBK) said it entered securities purchase agreements with two new institutional investors for a registered direct offering of 7,000,000 common shares. Gross proceeds are expected at about $4.2 million, closing around July 1, 2026. Net proceeds will fund its IPP project portfolio, working capital, and general corporate purposes.

Microsoft (MSFT) received a BUY rating and $600 price target from 24/7 Wall St., citing 43% Azure growth and a $678B commercial RPO backlog. The stock is up 27.81% over the past month and 3.29% year-to-date, with Q4 FY26 revenue of $90.01B and non-GAAP EPS of $4.74. The target implies 18.9% upside, potentially pushing market cap to $5T. Bulls highlight demand outpacing supply, while bears note capital intensity and declining PC revenue.

Eli Lilly and Company's Kenosha facility, acquired in 2024, is part of a $4 billion investment in Wisconsin for injectable medicine production. The site, which received FDA approval in 18 months, is producing drugs like Zepbound and Mounjaro. The facility is expected to support 750 jobs and has attracted attention due to its strategic location and skilled workforce. Wisconsin has also joined a lawsuit against the Trump administration's family planning funding rules. The state collected $450.8 mi

Exelon's CFO Jeanne Jones transitions to a new role as EVP of finance and strategy on Oct. 5, focusing on long-term strategy and capital allocation. Robert Kleczynski will succeed Jones as CFO. Exelon reported Q2 revenue of $5.97 billion, up 10% YoY, beating estimates. The company is investing in infrastructure amid rising electricity demand and pressure to keep customer bills affordable.