ISUN INC - ISUN STOCK NEWS

iSun, Inc. (NASDAQ: ISUN) has been awarded a contract worth $29.3 million to design and deliver 1,780 off-grid solar canopies for EV charging stations. This significant award increases the company's Commercial segment backlog from $9.6 million to $38.9 million, marking its largest EV Infrastructure contract to date. Initial deliveries of 450 canopies are expected in 2022. iSun aims to enhance the EV charging experience and address growing infrastructure demands.

iSun, Inc. (NASDAQ: ISUN) will hold a Special Meeting of Stockholders on December 17, at 2:00 PM EST to vote on three key proposals aimed at enhancing shareholder value. The proposals seek to grant management greater flexibility in executing its strategic plans and require a favorable vote from 67.7% of total shares. All shareholders, regardless of the number of shares held, are encouraged to participate and vote before the December 16 deadline. CEO Jeff Peck emphasized the importance of every shareholder's vote to support the company's future needs.

Hive Technologies has announced $30 million in funding to enhance accessibility to electric vehicles (EVs) and renewable energy charging infrastructure. This investment will help deploy 50 solar-powered DC fast chargers and support 1,000 high mileage EV users. Hive's model aims to reduce the carbon footprint of EVs with a Return on Invested Carbon Dioxide (ROICO₂) period cut from seven years to one. Partnering with iSun and Galway Sustainable Capital, Hive is positioned to transform the EV market, particularly benefiting gig economy drivers.

iSun (NASDAQ: ISUN) announced a strategic minority interest equity investment in Encore Renewable Energy, enhancing its geographic expansion and project pipeline. The deal will boost iSun's Commercial, Industrial, and Utility sectors, enabling collaboration with Encore, a recognized leader in community-scale clean energy. This partnership aligns with iSun's growth strategy, enhancing its ESG initiatives while allowing Encore to double its project development pipeline. Both companies aim to accelerate the transition to a clean energy economy.

iSun, Inc. (NASDAQ: ISUN) has announced its earnings outlook for FY2022, projecting $165 million in total revenue across its four segments: Residential, Commercial, Industrial, and Utility. The Residential segment is expected to generate $45 million with gross margins of 25-30%, while the Commercial Division forecasts $15 million (16-20% margins). The Industrial and Utility Divisions anticipate $55 million and $50 million, respectively, with gross margins between 15-18%. iSun aims for growth through backlog conversion and geographic expansion.

iSun, Inc. (NASDAQ:ISUN) reported a significant 56% increase in year-to-date revenue, reaching $18.3 million for Q3 2021, compared to the previous year. The third quarter revenue alone was $6.7 million, a 34% rise. Gross profit improved to $1.3 million from $0.2 million year-over-year. The company's backlog stands at $80.7 million, excluding $9.6 million from the acquisition of SunCommon. iSun aims to capitalize on increasing electricity demand, especially with the rise of electric vehicles, and anticipates consistent margins and improved cash flow moving forward.

iSun, Inc. (NASDAQ: ISUN) has announced the installation of its PALM™ solar-powered EV charging system in Wisconsin, marking its 50th commercial installation. This expansion highlights iSun's growth in new markets and signifies the project's potential for future installations. The Mobility™ Platform is customizable and designed to meet various project needs, accommodating six vehicles with advanced software support. CEO Jeff Peck noted increased interest in charging solutions tailored for Class 8 EVs, emphasizing the company's commitment to addressing EV charging challenges.

iSun, Inc. (NASDAQ: ISUN) will announce its third quarter 2021 results on November 15, 2021, after the market closes. A conference call to discuss the financial outcomes and recent developments will take place on November 16, 2021, at 8:30 AM EST. Interested parties can access the live call and a replay through iSun's Investor Relations webpage. iSun is a leading solar energy company with extensive experience in construction and electrical services, emphasizing clean energy infrastructure.

iSun, Inc. (NASDAQ: ISUN) announced strong preliminary operating results for Q3 2021, driven by the acquisition of SunCommon. This acquisition boosted the company's backlog to $112.4 million, with $31.7 million added from SunCommon. Their Commercial and Industrial backlog rose to $90.3 million, while Residential backlog increased to $22.1 million. The company anticipates completing these backlogs within the next 12 to 18 months. iSun aims to enhance profitability and expand into new markets.