ISUN INC Stock Price, News & Analysis

iSun, Inc. (NASDAQ: ISUN), a leader in solar energy and clean mobility infrastructures, will participate in the 35th Annual Roth Capital Conference from March 12-14, 2023, at the Ritz Carlton Laguna Niguel, Dana Point, California. Jeffrey Peck, Chairman and CEO, along with CFO John Sullivan, will represent the company. Established in 1972, iSun has provided innovative electrification solutions, partnering with Fortune 500 companies and installing over 600 megawatts of solar systems. The company offers a range of solar services across various sectors, including residential and commercial, while emphasizing the importance of transitioning to renewable energy.

iSun announced preliminary revenue for 2022 of $74-76 million, representing a 63%-68% increase from 2021's $45.3 million. This aligns with prior forecasts. The company projects 2023 revenues of $95-100 million, indicating a 27%-33% growth over 2022. The backlog remains robust at approximately $164 million. iSun will release final results on March 30, 2023, followed by an investor call at 8:30 AM ET. Despite industry challenges, iSun's management expressed confidence in ongoing growth and productivity improvements.

iSun Inc. (NASDAQ: ISUN) has announced the adjournment of its Special Meeting of Stockholders, initially scheduled for January 24, 2023, to January 31, 2023, at 2:00 PM ET. The delay allows the company to solicit additional proxy votes.

With 50 years of experience, iSun focuses on accelerating the adoption of solar energy and clean mobility infrastructure, providing comprehensive solar services across various sectors. The company emphasizes its commitment to profitable growth and renewable energy investment.

iSun Inc. (NASDAQ: ISUN) has secured a $16.12 million contract for a portfolio of solar projects totaling 16.00 MW in Maine. This contract expands iSun's footprint in the state, adding to the already active and completed 48.5 MW of projects. The new projects are set to begin in Q1 2023 and complete within the same year. CEO Jeffrey Peck stated that this achievement demonstrates the company's commitment to renewable energy in New England and reflects the momentum gained in winning contracts this year.

iSun, Inc. (NASDAQ: ISUN), a leader in solar energy, announced the settlement of litigation with Sass Peress. This amicable resolution addresses all disputes without additional payments. iSun recognizes Peress's significant contributions to EV innovation since acquiring iSun Energy, LLC in January 2021. CEO Jeffrey Peck emphasized the collaborative spirit and shared goals of promoting clean energy and combating climate change. iSun has a long history of advancing electrification technologies and aims for profitable growth in renewable energy.

iSun, a solar energy firm, has secured contracts valued at $5.9 million to enhance solar energy solutions at commercial sites in Vermont. This agreement will add 6.5 MW to its project portfolio, showcasing iSun's capacity to forge enduring customer relationships. The projects, set to be completed this year, reflect a growing demand for solar energy and affirm iSun's commitment to clean energy transition. CEO Jeffrey Peck emphasizes the importance of sustainable energy for future generations, highlighting the company’s strategic positioning for ongoing growth in New England.

iSun (NASDAQ: ISUN) has secured two new contracts worth nearly $6 million for community solar projects in Northern New England. The first project has a capacity of 4.07 MW valued at approximately $4.4 million, while the second is 1.4 MW valued at around $1.5 million. These latest awards contribute to a total exceeding $20 million in recent contracts, representing nearly 25 MW in the region. Both projects are expected to be completed in 2023, reinforcing iSun's commitment to advancing renewable energy solutions.

iSun, Inc. (NASDAQ: ISUN) has secured three new contracts valued at $9.7 million for solar energy projects in northern New England, enhancing its portfolio by an additional 9.0 MW. These projects are part of a partnership with a nationwide solar developer, reflecting iSun's experience in the industry and its commitment to meeting strong customer demand for solar energy. The projects are currently underway with completion expected this year, supporting iSun's strategy of profitable growth through clean energy solutions.

iSun Inc. (NASDAQ: ISUN) has completed the sale of a 7 MW solar asset worth approximately $4.8 million and executed an $11.6 million EPC contract. This transaction is expected to generate $16.4 million in revenue, marking a significant step in iSun's growth strategy.

This asset sale highlights iSun’s capabilities in project origination and engineering, transitioning from a 1.3 GW pipeline to an EPC backlog, affirming its commitment to delivering renewable energy solutions.