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iSun, Inc. (NASDAQ: ISUN) has secured a
iSun, Inc. (NASDAQ: ISUN), a leader in solar energy and clean mobility infrastructure, will participate in an investor conference call focused on the US Solar & EV Charging Markets on April 4, 2023, at 11 am ET. Hosted by Jonathan Windham, an analyst from UBS Securities, the call will feature iSun's Chairman and CEO, Jeffrey Peck, and CFO, John Sullivan.
With a history dating back to 1972, iSun has established itself as a trusted partner for Fortune 500 companies, providing a range of solar services and EV charging solutions. The company is committed to promoting renewable solar energy as a crucial investment for the future.
iSun reported Q4 2022 revenues of $25.9 million, a 36% increase from Q3 2022, contributing to a full-year record of $76.5 million, up 69% over 2021. Despite market challenges, gross profit for Q4 was $5.4 million, maintaining a gross margin of 21.0%. iSun's backlog reached $164.2 million, bolstered by $11.0 million in new solar contracts in Q4. The company anticipates total revenue of $95-100 million in 2023, reflecting a 24-31% increase over 2022. CEO Jeffrey Peck highlighted the company's strategy to diversify and adapt to the recent climate legislation, which is expected to positively impact solar asset values.
iSun, Inc. (NASDAQ: ISUN) has secured two contracts in Maine, expanding its backlog by 6.0 MW and valued at $4.9 million. These contracts are part of iSun's efforts to enhance solar energy capabilities at industrial sites. The projects are set to commence in Spring 2023, with completion expected in early 2024. This achievement underlines iSun's focus on building relationships with existing customers, demonstrating its commitment to advancing alternative energy initiatives.
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