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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.
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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