Skycorp Solar Group Limited Rings Nasdaq Opening Bell, Unveils Strategic Expansion into U.S. Solar Market
- Successful Nasdaq listing providing access to capital markets
- Expansion into U.S. market with projected solar capacity growth to 375 GW by 2030
- Strong 90% customer retention rate across 30+ countries
- Planned launch of new products (smart junction boxes and EV charging stations) by late 2025
- Strategic partnerships planned with U.S. financial institutions
- None.
Insights
Skycorp's Nasdaq listing provides capital for U.S. expansion in a rapidly growing solar market, targeting to double capacity by 2030.
Skycorp's Nasdaq debut represents a significant milestone in the company's growth trajectory, providing crucial capital for its U.S. market entry strategy. The timing is strategically sound, as the U.S. solar market is projected to double its installed capacity to 375 GW by 2030. This expansion aligns with the remarkable growth of solar energy in America's electricity mix, which has increased sevenfold over the past decade to nearly 7% of total generation.
The company's plan to establish a U.S. subsidiary demonstrates a committed approach to market localization rather than mere export operations. Skycorp's core products—fire-retardant solar cables and waterproof connectors—already comply with stringent European and TÜV standards, which positions them well for U.S. regulatory requirements. Their 90% customer retention rate across 30+ countries indicates strong product reliability and customer service, essential factors for successfully penetrating the competitive U.S. market.
Particularly noteworthy is Skycorp's strategy to co-develop integrated solar-storage-charging projects through partnerships with U.S. financial institutions. This approach addresses the growing convergence of solar energy and electric vehicle infrastructure—a key growth segment in the renewable energy landscape. The planned launch of smart junction boxes and intelligent solar charging stations for EVs by late 2025 further positions Skycorp at the intersection of two rapidly expanding markets: solar energy and electric mobility.
The focus on "affordable, American-made solar solutions" suggests Skycorp intends to establish U.S. manufacturing capabilities, which would help navigate potential import tariffs while creating local jobs—an important consideration in the current political climate surrounding renewable energy manufacturing.
New York, May 09, 2025 (GLOBE NEWSWIRE) -- Skycorp Solar Group Limited (Nasdaq: PN) (“Skycorp” or “the Company”), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, marked its Nasdaq debut by ringing the Opening Bell, signaling a transformation phase in its mission to accelerate renewable energy adoption worldwide. The achievement also coincides with the Company’s plan to localize operation in the United States as Skycorp gears up to set up local team to drive growth in this high-growth market.
“We are in a process to set up a subsidiary in the United States to seize growth opportunities offered by this burgeoning market where the installed capacity is expected to double to 375 GW by 2030 (SEIA, 2024),” said Mr. Weiqi Huang, Chief Executive Officer of the Company. “Today in the U.S., nearly
“Skycorp also looks to form strategic partnerships with U.S. financial institutions to co-develop integrated solar-storage-charging projects and establish local teams to better support commercial and industrial clients and spearhead market research tailored for the U.S. market,” Mr. Huang added.
Years of Innovation: From Startup to Nasdaq
Founded in 2011 with the vision of “benefiting all human being with solar,” Skycorp has over the years become a leading provider of solar cables and connectors. The Company’s patented fire-retardant solar cables and ultra-durable waterproof connectors, which follow European International Electrotechnical Commission and TÜV production standards, serve clients across 30+ countries, while boasting a
Future-Focused Initiatives
Skycorp in its prospectus unveiled plans to launch smart junction boxes and intelligent solar charging stations for EVs by late 2025, designed to simplify renewable energy integration for consumers and enterprises.
“The U.S. market is critical to our global strategy,” Mr. Huang continued, “By localizing innovation, we also aim to make Skycorp synonymous with affordable, American-made solar solutions.”
About Skycorp Solar Group Limited
Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China.
The Company’s mission is to become a green energy solutions provider by utilizing solar power and delivering eco-friendly solar PV products. By leveraging the Company’s expertise in solar technologies and relationships with worldwide clients, it aims to expand offerings of solar PV products and energy solutions for enterprise customers. For more information, please visit: https://ir.skycorp.com/.
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Skycorp Solar Group Limited
Cathy
Investor Relations
Email: ir@skycorp.com
Tel: +86 185 0252 9641 (CN)
WFS Investor Relations Inc.
Connie Kang
Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)
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