SunCommon

iSun Publishes 2021 ESG Update & Launches 2022 ESG Strategy

Retrieved on: 
Thursday, January 13, 2022

iSun, Inc. (NASDAQ: ISUN) (the Company, or iSun), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services and a provider of proprietary electric vehicle charging platforms, today announced the release of their 2021 ESG Update and launch of their 2022 ESG strategy, which is now published on iSuns website .

Key Points: 
  • iSun, Inc. (NASDAQ: ISUN) (the Company, or iSun), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services and a provider of proprietary electric vehicle charging platforms, today announced the release of their 2021 ESG Update and launch of their 2022 ESG strategy, which is now published on iSuns website .
  • To support the company in this mission, iSun engaged Rho Impact , an ESG advisory and software firm, to help organize and validate iSuns ESG strategy and progress.
  • In 2021, Rho Impact assisted iSun by conducting a materiality assessment with over 4,000 iSun stakeholders to identify the ESG issues of greatest importance to both the business and its key stakeholder groups.
  • From this exercise, iSun identified several priority ESG issues that will be the core focus moving into 2022 and beyond.

iSun Inc. Announces 2022 Revenue Guidance of $165 Million

Retrieved on: 
Thursday, November 18, 2021

iSuns execution of its Strategic Plan projected to generate $165 million in revenue across its four segments.

Key Points: 
  • iSuns execution of its Strategic Plan projected to generate $165 million in revenue across its four segments.
  • In 2022, we will begin to transition from the development of our platform to its deployment, commented iSun Chief Executive Officer Jeffrey Peck.
  • iSun forecasts 2022 revenues of $165 million across its Residential, Commercial, Industrial and Utility segments, with an aggregate gross margin between 18% and 21%.
  • SunCommon, iSuns Residential Brand, forecasts $45 million in revenue with gross margins between 25% and 30%.

iSun Inc. Reports Third Quarter 2021 Results

Retrieved on: 
Monday, November 15, 2021

iSun, Inc. (NASDAQ:ISUN) (the Company, or iSun), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services, today announced results for the third quarter of 2021.

Key Points: 
  • iSun, Inc. (NASDAQ:ISUN) (the Company, or iSun), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services, today announced results for the third quarter of 2021.
  • Third quarter 2021 backlog of $80.7 million, exclusive of the $9.6 million C&I backlog obtained through the acquisition of SunCommon.
  • iSun reported third quarter 2021 revenue of $6.7 million representing a $1.7 million or 34% increase over the same period in the prior year.
  • During the third quarter, iSuns margins returned to normal pre-COVID levels as they began executing contracts entered during 2021.

SunCommon Acquisition Delivers on iSun’s Growth Strategy

Retrieved on: 
Friday, October 29, 2021

Acquisition brings total Commercial and Industrial backlog to $90.3 million, including $6.2 and $3.4 million of new business in Vermont and New York, respectively.

Key Points: 
  • Acquisition brings total Commercial and Industrial backlog to $90.3 million, including $6.2 and $3.4 million of new business in Vermont and New York, respectively.
  • Residential, commercial and industrial backlog increases to $112.4 million as the acquisition of SunCommon adds $31.7 million to iSuns existing $80.7 million as of September 30 ,2021.
  • Commercial and industrial backlog was $56 million for the same period in 2020 and $16 million for the same period in 2019.
  • These results perfectly illustrate why SunCommon was an ideal candidate for our accretive M&A growth strategy, commented Jeff Peck, iSuns Chief Executive Officer.

iSun Completes Acquisition of SunCommon

Retrieved on: 
Monday, October 4, 2021

iSun, Inc. (NASDAQ: ISUN) (the Company, or iSun), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services, announced today that it has completed its acquisition of SunCommon, pursuant to the terms previously announced on September 8, 2021.

Key Points: 
  • iSun, Inc. (NASDAQ: ISUN) (the Company, or iSun), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services, announced today that it has completed its acquisition of SunCommon, pursuant to the terms previously announced on September 8, 2021.
  • Transaction consideration to SunCommon shareholders includes approximately $25,534,621 in cash and an aggregate of 1,810,915 shares of ISUN shares of Common Stock of iSun; provides for the future distribution of $2.5 million directly to SunCommon employees, expands eligibility under the Companys Equity Incentive Plan to all iSun employees, and provides for $1.5 million working capital infusion into SunCommon, now a wholly owned subsidiary of iSun Residential, Inc.
  • In 2020, SunCommon generated approximately $33.1 million in revenue with gross margins of approximately 30.2% and maintained customer acquisition costs well below those advertised by other residential solar market leaders.
  • For more information, go to https://suncommon.com or connect with SunCommon on Facebook and Twitter @suncommon.

iSun Inc. Publishes SunCommon Acquisition Conference Call Transcript

Retrieved on: 
Thursday, September 16, 2021

iSun, Inc. (NASDAQ: ISUN) (the Company, or iSun), a leading solar energy and clean mobility infrastructure company with 50 years of construction experience in solar, electrical and data services, released today an edited transcript from its investor call to discuss the details of its acquisition of SolarCommunities Inc (SunCommon).

Key Points: 
  • iSun, Inc. (NASDAQ: ISUN) (the Company, or iSun), a leading solar energy and clean mobility infrastructure company with 50 years of construction experience in solar, electrical and data services, released today an edited transcript from its investor call to discuss the details of its acquisition of SolarCommunities Inc (SunCommon).
  • Leverages brand and marketing expertise of SunCommon to effectively grow presence and message in new regional markets.
  • An edited transcript of the conference call, recorded on Thursday, September 9, 2021, at 8:30 AM EDT is available on the Investor Relations section of the iSun website at investors.isunenergy.com , under the Events Calendar.
  • An archived audio replay will also be available through September 23rd, 2021, at 877-481-4010, Conference ID# 42785.

Why Community Solar Farms Are A New and Lucrative Revenue Opportunity For Solar Companies

Retrieved on: 
Thursday, September 16, 2021

Active Companies in the markets today include Green Stream Holdings Inc.(OTCPK: GSFI), SunPower Corporation(NASDAQ: SPWR), iSun, Inc. (NASDAQ: ISUN), First Solar,Inc.

Key Points: 
  • Active Companies in the markets today include Green Stream Holdings Inc.(OTCPK: GSFI), SunPower Corporation(NASDAQ: SPWR), iSun, Inc. (NASDAQ: ISUN), First Solar,Inc.
  • The article continued: "Community solar also delivers community relations benefits by serving as a quiet, clean source of sustainable energy for the local area.
  • Landlords benefit from lower cost energy while positively contributing to the local community by extending the opportunity for lower cost energy to nearby energy users, who become subscribers to the solar energy output.
  • The number of subscribers who can be served varies based on the size of the system and from state to state based upon community solar qualification guidance.

Why Community Solar Farms Are A New and Lucrative Revenue Opportunity For Solar Companies

Retrieved on: 
Thursday, September 16, 2021

Active Companies in the markets today include Green Stream Holdings Inc.(OTCPK: GSFI), SunPower Corporation(NASDAQ: SPWR), iSun, Inc. (NASDAQ: ISUN), First Solar,Inc.

Key Points: 
  • Active Companies in the markets today include Green Stream Holdings Inc.(OTCPK: GSFI), SunPower Corporation(NASDAQ: SPWR), iSun, Inc. (NASDAQ: ISUN), First Solar,Inc.
  • The article continued: "Community solar also delivers community relations benefits by serving as a quiet, clean source of sustainable energy for the local area.
  • Landlords benefit from lower cost energy while positively contributing to the local community by extending the opportunity for lower cost energy to nearby energy users, who become subscribers to the solar energy output.
  • The number of subscribers who can be served varies based on the size of the system and from state to state based upon community solar qualification guidance.

Money Trumps Environmentalism: Companies Expand Sustainable Footprint Through Acquisitions

Retrieved on: 
Tuesday, September 14, 2021

"As a company, we are laser focused on the continued expansion of our sustainable footprint.

Key Points: 
  • "As a company, we are laser focused on the continued expansion of our sustainable footprint.
  • With Clean Air Day (September 7, 2021) just behind us, the focus on what we are breathing is at the forefront of the conversation.
  • Companies from all sides of industry will look to ensure they haven't missed the boat on the booming cleantech trend.
  • For companies that are already positioned and know the market and customer base, acquisitions will play a key role in building out revenue for shareholders.

iSun Launches Residential and Commercial Expansion with Acquisition of SunCommon

Retrieved on: 
Wednesday, September 8, 2021

Creates a regional full-service solar installation leader servicing the residential, commercial, industrial and utility-scale markets including solar electric vehicle charging.

Key Points: 
  • Creates a regional full-service solar installation leader servicing the residential, commercial, industrial and utility-scale markets including solar electric vehicle charging.
  • Positions combined company to effectively capitalize on emerging opportunities in the residential and small commercial landscape.
  • This is a milestone moment for iSun, stated Jeffrey Peck, iSun Chairman and Chief Executive Officer.
  • This is a great day for SunCommon, our employees, customers and investors, said SunCommon co-president James Moore.