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Next2Sun and iSun Build First Vertical Agrivoltaics System in the USA

Retrieved on: 
Thursday, December 21, 2023

The US solar company iSun, Inc. (NASDAQ: ISUN) (“iSun”) and the German agrivoltaics pioneer Next2Sun Mounting Systems GmbH (“Next2Sun”) have been cooperating since the beginning of 2023 to jointly establish Next2Sun's vertical agrivoltaics system in the USA.

Key Points: 
  • The US solar company iSun, Inc. (NASDAQ: ISUN) (“iSun”) and the German agrivoltaics pioneer Next2Sun Mounting Systems GmbH (“Next2Sun”) have been cooperating since the beginning of 2023 to jointly establish Next2Sun's vertical agrivoltaics system in the USA.
  • Construction of the first agrivoltaics plant with Next2Sun system will begin in Vermont in early 2024.
  • Next2Sun has developed a wide range of products based on the vertical bifacial system technology and the patented frame system developed for it, and brought them to market maturity, in particular the vertical bifacial agrivoltaics system and the bifacial solar fence.
  • With our vertical bifacial agrivoltaics system, we can make an important contribution to this, especially in areas such as the north-east of the USA.

iSun Inc. Secures $8.0 million Term Loan

Retrieved on: 
Thursday, December 14, 2023

The transaction, which carries a 48-month term, is a straight debt instrument, thus avoiding any equity dilution.

Key Points: 
  • The transaction, which carries a 48-month term, is a straight debt instrument, thus avoiding any equity dilution.
  • Debt service payments begin at a smaller initial level and increase over the course of the loan in several step-ups, tracking the Company’s revenue growth.
  • Along with Decathlon’s collaborative approach and covenant-light terms, these features make this an ideal funding instrument for iSun at this stage of the company’s life.
  • After careful consideration of all available financing options, the terms negotiated with Decathlon were the most favorable for the iSun shareholders.

iSun, Inc Partners with Cleantech Industry Resources

Retrieved on: 
Thursday, October 19, 2023

This partnership allows iSun to hone its expanding core turnkey EPC business, while CIR concentrates on its growing development-as-a-service and engineering services business.

Key Points: 
  • This partnership allows iSun to hone its expanding core turnkey EPC business, while CIR concentrates on its growing development-as-a-service and engineering services business.
  • The arrangement is also designed to reduce any conflicts for iSun with its many developer partners, while CIR continues to work with a wide range of developers and renewable energy asset owners.
  • This strategic partnership also allows iSun to access CIR’s ultra low-cost services platform on a preferred basis.
  • “We are excited about our strategic partnership with Cleantech Industry Resources, as we continue to be innovative in our approach to scaling our business,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun.

iSun To Participate in Upcoming Investor Events

Retrieved on: 
Thursday, September 7, 2023

iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, announced today that the company will participate in several investor events this month:

Key Points: 
  • iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, announced today that the company will participate in several investor events this month:
    H.C. Wainwright 25th Annual Global Investment Conference, New York City
    John Sullivan, CFO, will present on Monday, September 11, 2023, at 12:30 pm in the Stanford Room of the Lotte New York Palace Hotel, and host investor meetings on Monday and Tuesday, September 11-12 at the conference.
  • iSun will attend this event and be available for meetings with investors on Wednesday, September 13, 2023, at the Venetian Convention & Expo Center.

iSun Inc. Provides Preliminary Second Quarter 2023 Revenue

Retrieved on: 
Monday, July 31, 2023

iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced that preliminary revenue for the second quarter of 2023 ended June 30, 2023, was approximately a record $25 million, an increase of over 50% from the $16.5 million reported for the second quarter of 2022.

Key Points: 
  • iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced that preliminary revenue for the second quarter of 2023 ended June 30, 2023, was approximately a record $25 million, an increase of over 50% from the $16.5 million reported for the second quarter of 2022.
  • Preliminary total revenue for second quarter of 2023 of approximately $25 million, a record and an increase of over 50% from the $16.5 million reported for the second quarter of 2022.
  • Company plans to announce final results for the second quarter and first half of 2023 on August 10, 2023.
  • iSun plans to issue final second quarter and first half 2023 results before the market opens on Thursday, August 10, 2023.

iSun Named a 2023 Top Solar Contractor

Retrieved on: 
Friday, July 28, 2023

Solar developers, installers and contractors are capitalizing on the moment by building more substantial projects across the country.

Key Points: 
  • Solar developers, installers and contractors are capitalizing on the moment by building more substantial projects across the country.
  • iSun, Inc. (NASDAQ: ISUN) was recognized for its increased effort to expand the U.S. market by taking a top spot on the 2023 Top Solar Contractors List , released today by Solar Power World .
  • The Top Solar Contractors List is developed each year by industry magazine Solar Power World to honor the work of solar installers in the United States.
  • “Solar power is an important member of that renewable makeup, and companies on the Top Solar Contractors List are all contributing to our country’s shift to cleaner electricity.

iSun Inc. Reports Significant Stock Purchases by Senior Management

Retrieved on: 
Friday, May 26, 2023

iSun, Inc .

Key Points: 
  • iSun, Inc .
  • John and I believe that iSun is performing very well across our market segments, and we view the current stock price as not reflecting our current or potential value.”
    He continued, “With the power of the Inflation Reduction Act providing 10-year support for alternative energy tax treatment, we anticipate that the best is yet to come for iSun.
  • In the first quarter this year, we’ve already won $32 million in new contracts for both solar and EV infrastructure projects.
  • Our teams are reaching peak productivity, with a backlog of $178.8 million as of March 31, 2023, and that provides us with confidence that we will achieve our outlook for 2023. iSun is indeed well positioned to generate sustainable, profitable long-term growth, for the benefit of its customers, shareholders and employees.”

Polaris Inc’s Indian Motorcycle Dealers Ranked Highest in 2023 Study Measuring Response to Website Customers

Retrieved on: 
Monday, April 24, 2023

Polaris Inc’s Indian Motorcycle dealerships ranked highest in the 2023 Pied Piper PSI® Internet Lead Effectiveness® (ILE®) Motorcycle/UTV Industry Study, which measured responsiveness to internet leads coming through dealership websites.

Key Points: 
  • Polaris Inc’s Indian Motorcycle dealerships ranked highest in the 2023 Pied Piper PSI® Internet Lead Effectiveness® (ILE®) Motorcycle/UTV Industry Study, which measured responsiveness to internet leads coming through dealership websites.
  • Following Indian were Harley-Davidson, Polaris Inc’s Side-by-Side/UTV dealers, BRP’s Can-Am dealers, Kawasaki and Yamaha.
  • View the full release here: https://www.businesswire.com/news/home/20230423005001/en/
    The powersports industry has substantially improved dealer treatment of website customers.
  • “Powersports dealers were quicker to respond to their website customers this year than ever before,” said Fran O’Hagan, CEO of Pied Piper.

iSun Inc. Awarded $7.7 Million Contract for 2.2MW Solar Carport in Ohio

Retrieved on: 
Thursday, April 20, 2023

iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced that it has received a 2.2 MW, $7.7 million contract to provide a solar carport to one of the nation’s largest financial institutions at a single location in Ohio.

Key Points: 
  • iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced that it has received a 2.2 MW, $7.7 million contract to provide a solar carport to one of the nation’s largest financial institutions at a single location in Ohio.
  • $7.7 million solar carport contract highlights iSun’s ability to originate projects and create value for new customers, including through turnkey engineering services
    "We are excited to continue our strong start to 2023 with a new contract award for a solar carport for a global company,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun.
  • “This new project is particularly rewarding as it highlights the value creation our team can provide based upon our differentiated ability to originate solar projects.
  • These business development efforts are driving our continued growth by building new customer relationships that allow us to enter new markets efficiently.

iSun Inc. To Participate in UBS Securities U.S. Solar & EV Charging Markets Conference Call

Retrieved on: 
Monday, April 3, 2023

iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced that it will participate in an investor conference call on the US Solar & EV Charging Markets hosted by Jonathan Windham, Alternative Energy & Environmental Services Equity Research Analyst at UBS Securities, on Tuesday, April 4, 2023 at 11 am ET.

Key Points: 
  • iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced that it will participate in an investor conference call on the US Solar & EV Charging Markets hosted by Jonathan Windham, Alternative Energy & Environmental Services Equity Research Analyst at UBS Securities, on Tuesday, April 4, 2023 at 11 am ET.
  • iSun speakers will include Jeffrey Peck, Chairman, Chief Executive Officer, and John Sullivan, Chief Financial Officer.