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Vermont Business Magazine iSun, Inc (NASDAQ: ISUN), a leading solar energy and clean mobility infrastructure company with 50 years of construction experience for solar, electrical and data services, has announced results for the first quarter of 2021 and provided an update to its full year 2021 outlook.
Highlights
Record first quarter revenue of $7.3 million, up 82.2% year-over-year, driven by new contract wins and solid market fundamentals.
Acquired iSun Energy, LLC in January 2021, providing deep relationships in solar industry and expansion into e-mobility market; subsequently rebranded company under the iSun name.
Enhanced e-mobility exposure with investments in Gemini and AmpUp.
Expanded presence into utility-scale solar market through the acquisition of the Intellectual Property of OCS, significantly expanding the company’s total addressable market.