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ISUN INC - ISUN STOCK NEWS

Welcome to our dedicated page for ISUN news (Ticker: ISUN), a resource for investors and traders seeking the latest updates and insights on ISUN stock.

iSun, Inc. (Symbol: ISUN) specializes in providing innovative solar energy solutions, with a particular focus on solar carports. The company is renowned for designing some of the most advanced solar carport solutions in the industry. These carports are tailored to meet specific site needs, ensuring ease of portability, scalability, and swift deployment.

One of the standout features of iSun's solar carports is their ability to minimize site disruption during installation. This is achieved through the company's ballasted solutions, which reduce the need for extensive groundwork. Additionally, these carports are designed with a 'total lifecycle' approach, ensuring they meet the desired user experience from installation to daily use.

iSun's engineering team boasts decades of experience in the solar power sector. This extensive expertise ensures that the installation process is seamless and efficient. The company also places a strong emphasis on maximizing LEED points through its portable and eco-friendly solutions.

Recent achievements by iSun include the successful deployment of several large-scale solar carport projects. The company continues to expand its portfolio with new partnerships and innovative products designed to meet the growing demand for renewable energy solutions. Financially, iSun is well-positioned to continue its growth trajectory thanks to its strategic initiatives and robust market positioning.

News

iSun, Inc. Announces Rescission of Reverse Stock Split

Rhea-AI Summary
iSun, Inc. announced the rescission of the previously approved reverse stock split, citing market conditions and financial performance outlook. The Board of Directors believes this decision is in the best interest of the company and its shareholders. CEO Jeff Peck emphasized the commitment to shareholder value and transparency. The company's outstanding shares will remain unaffected by the split, allowing iSun to focus on its core business objectives.
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iSun, Inc. Announces Reverse Stock Split

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iSun, Inc. (NASDAQ: ISUN) announced a 1-for-20 reverse stock split of its Common Stock to regain compliance with the Nasdaq Capital Market's minimum bid price requirement. The split will be effective on April 26, 2024, with the objective of increasing the share price to meet the $1.00 per share threshold.
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iSun, Inc. Announces Restructuring of Executive Team

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iSun, Inc. announces a strategic restructuring of its executive team, appointing Jeff Peck as CEO and Rob Vanderbeek as Interim CFO. The company aims to drive innovation, enhance operational efficiency, and ensure sustained performance in the evolving market. Peck's appointment follows the relinquishment of the CEO role by Mr. Zulkoski, showcasing a commitment to growth and leadership in the industry.
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iSun, Inc. Announces Appointment of Robert J. Zulkoski as Chief Executive Officer

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iSun, Inc. appoints Robert J. Zulkoski as the new Chief Executive Officer, with Jeff Peck transitioning to a strategic advisory role. The company praises Peck's leadership in expanding the business. Zulkoski's expertise is expected to drive iSun's growth and success.
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Next2Sun and iSun Build First Vertical Agrivoltaics System in the USA

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iSun, Inc. (NASDAQ: ISUN) and Next2Sun Mounting Systems GmbH are collaborating to establish Next2Sun's vertical agrivoltaics system in the USA, starting with a project in Vermont in early 2024. The project aims to implement a vertical agrivoltaics system that allows the production of solar power during low availability periods without overbuilding agricultural land. This collaboration is supported by the German Federal Ministry for Economic Affairs and Climate Action as part of the Renewable Energy Solutions Programme of the German Energy Solutions Initiative.
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iSun Inc. Secures $8.0 million Term Loan

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iSun, Inc. (NASDAQ: ISUN) announced the closing of an $8.0 million senior secured loan with Decathlon Capital Partners to refinance the prior senior secured convertible facility, avoiding equity dilution. The debt service payments track the Company’s revenue growth, making it an ideal funding instrument at this stage of the company’s life. The funds will be utilized for the retirement of existing Senior Secured Convertible Notes, working capital, and transaction fees.
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iSun Inc. Reports Third Quarter 2023 Results

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iSun, Inc. (NASDAQ: ISUN) reported Q3 2023 revenues of $27.9 million, a 47% increase from Q3 2022, driven by higher demand in commercial and industrial division. The company also reaffirmed expectations for a total revenue of $95-100 million in 2023, a 24-31% increase over 2022. Additionally, iSun signed a term sheet for a non-dilutive $8 term loan.
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iSun Inc. Announces Timing for Third Quarter 2023 Conference Call and Webcast

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iSun, Inc. (NASDAQ: ISUN) will release its financial results for Q3 and nine months ended September 30, 2023, on November 14, 2023. A conference call to discuss the results will be held at 8:30 AM ET. The live webcast can be accessed through the Company’s Investor Relations website at investors.isunenergy.com.
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iSun, Inc Partners with Cleantech Industry Resources

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iSun announces strategic partnership with Cleantech Industry Resources
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iSun To Participate in Upcoming Investor Events

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iSun, Inc. (NASDAQ: ISUN) will participate in investor events this month, including the H.C. Wainwright 25th Annual Global Investment Conference and RE+ conference.
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FAQ

What is the current stock price of ISUN (ISUN)?

The current stock price of ISUN (ISUN) is $0.04745 as of June 4, 2024.

What is the market cap of ISUN (ISUN)?

The market cap of ISUN (ISUN) is approximately 5.2M.

What does iSun Inc. specialize in?

iSun Inc. specializes in providing innovative solar energy solutions, particularly solar carports designed for easy portability, scalability, and quick deployment.

How does iSun minimize site disruption during installation?

iSun minimizes site disruption by using ballasted solutions that reduce the need for extensive groundwork, making the installation process quicker and less invasive.

What is the 'total lifecycle' approach used by iSun?

iSun’s 'total lifecycle' approach ensures that their solar carports meet the desired user experience from installation through daily use, focusing on sustainability and efficiency.

What recent achievements has iSun accomplished?

iSun has successfully deployed several large-scale solar carport projects and continues to expand its portfolio with new partnerships and innovative products.

How experienced is iSun’s engineering team?

iSun’s engineering team has decades of experience in the solar power sector, ensuring seamless and efficient installation processes for their products.

What are the financial conditions of iSun?

iSun is financially well-positioned to continue its growth trajectory, driven by strategic initiatives and robust market positioning.

How does iSun maximize LEED points with its solutions?

iSun maximizes LEED points through the portability and eco-friendly design of its solar carports, contributing to sustainable building practices.

What kind of projects does iSun focus on?

iSun focuses on projects that involve the deployment of advanced solar carport solutions tailored to meet specific site needs.

Who can benefit from iSun’s solar carports?

Municipalities, commercial properties, and residential developers can benefit from iSun’s solar carports due to their ease of installation, scalability, and environmental benefits.

What sets iSun apart from other solar energy companies?

iSun stands out due to its innovative carport designs, minimal site disruption during installation, experienced engineering team, and a strong focus on sustainability throughout the product lifecycle.

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ISUN INC

Nasdaq:ISUN

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ISUN Stock Data

5.21M
47.39M
97.22%
11.03%
3.82%
Solar
Semiconductors & Related Devices
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United States of America
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