{"id":760650,"date":"2023-05-26T08:48:08","date_gmt":"2023-05-26T12:48:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/isun-inc-reports-significant-stock-purchases-by-senior-management\/"},"modified":"2023-05-26T08:48:08","modified_gmt":"2023-05-26T12:48:08","slug":"isun-inc-reports-significant-stock-purchases-by-senior-management","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/isun-inc-reports-significant-stock-purchases-by-senior-management\/","title":{"rendered":"iSun Inc. Reports Significant Stock Purchases by Senior Management"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\niSun Inc. Reports Significant Stock Purchases by Senior Management<\/p>\n<p class=\"bwalignc\"><b><i>Company re-affirms full year revenue guidance of $95-100 million, <\/i><\/b><b><i>a 24-31% increase over 2022<\/i><\/b><\/p>\n<p>WILLISTON, Vt.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fisunenergy.com%2F&amp;esheet=53407848&amp;newsitemid=20230526005041&amp;lan=en-US&amp;anchor=iSun%2C+Inc&amp;index=1&amp;md5=ca74d84e935149a09644aa9e4fc9f306\">iSun, Inc<\/a>. (NASDAQ: ISUN) (the \u201cCompany,\u201d or \u201ciSun\u201d), a leading solar energy and clean mobility infrastructure company with 50 years of experience accelerating the adoption of innovative electrical technologies, today announced that Jeffrey Peck, Chairman and CEO, and John Sullivan, Chief Financial Officer, have each purchased 50,000 shares of iSun common stock on the open market, thus together buying 100,000 shares at a total price of $52,808, or an average cost of $0.53 per share, reinforcing their confidence in the company\u2019s progress and opportunities ahead.<\/p>\n<p>\nSaid Mr. Peck, \u201cBuilding on the transformational year of 2022, we\u2019re thrilled that 2023 is off to a strong start for iSun, with first quarter revenue growth of 15% and a 30% reduction in operating expenses \u2013 all supporting our targets of increasing our revenue this year by 24-31% and attaining adjusted EBITDA profitability. 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.\u201d<\/p>\n<p>\nHe continued, \u201cWith 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\u2019ve 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.\u201d<\/p>\n<p><b><span class=\"bwuline\">About iSun Inc.<\/span><\/b><\/p>\n<p>\nSince 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted service provider to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 600 megawatts of solar systems. The Company currently provides a comprehensive suite of solar services across residential, commercial, industrial &amp; municipal, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.isunenergy.com&amp;esheet=53407848&amp;newsitemid=20230526005041&amp;lan=en-US&amp;anchor=www.isunenergy.com&amp;index=2&amp;md5=46c630e56397021f4c856e453a8bb76e\">www.isunenergy.com<\/a> for additional information.<\/p>\n<p><b><span class=\"bwuline\">Forward Looking Statements<\/span><\/b><\/p>\n<p>\nThis press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expects,&#8221; &#8220;could,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;anticipates,&#8221; &#8220;estimates,&#8221; &#8220;believes,&#8221; &#8220;forecasts,&#8221; &#8220;predicts&#8221; or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.<\/p>\n<p>\nThe forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.<\/p>\n<p>\nAll forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230526005041r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230526005041\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230526005041\/en\/<\/a><\/span><\/p>\n<p><b>For more information contact:<br \/>\n<\/b><br \/>Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:IR@isunenergy.com\">IR@isunenergy.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Vermont<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Energy Other Natural Resources Alternative Energy Energy Other Construction &amp; Property Residential Building &amp; Real Estate Commercial Building &amp; Real Estate Natural Resources Environment Construction &amp; Property Green Technology Building Systems<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230526005041\/en\/1057541\/3\/iSun_Logo_1.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>iSun Inc. Reports Significant Stock Purchases by Senior Management Company re-affirms full year revenue guidance of $95-100 million, a 24-31% increase over 2022 WILLISTON, Vt.&#8211;(BUSINESS WIRE)&#8211;iSun, Inc. (NASDAQ: ISUN) (the \u201cCompany,\u201d or \u201ciSun\u201d), a leading solar energy and clean mobility infrastructure company with 50 years of experience accelerating the adoption of innovative electrical technologies, today announced that Jeffrey Peck, Chairman and CEO, and John Sullivan, Chief Financial Officer, have each purchased 50,000 shares of iSun common stock on the open market, thus together buying 100,000 shares at a total price of $52,808, or an average cost of $0.53 per share, reinforcing their confidence in the company\u2019s progress and opportunities ahead. Said Mr. Peck, \u201cBuilding on the transformational year of 2022, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/isun-inc-reports-significant-stock-purchases-by-senior-management\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;iSun Inc. Reports Significant Stock Purchases by Senior Management&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-760650","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>iSun Inc. Reports Significant Stock Purchases by Senior Management - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/isun-inc-reports-significant-stock-purchases-by-senior-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"iSun Inc. Reports Significant Stock Purchases by Senior Management - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"iSun Inc. Reports Significant Stock Purchases by Senior Management Company re-affirms full year revenue guidance of $95-100 million, a 24-31% increase over 2022 WILLISTON, Vt.&#8211;(BUSINESS WIRE)&#8211;iSun, Inc. (NASDAQ: ISUN) (the \u201cCompany,\u201d or \u201ciSun\u201d), a leading solar energy and clean mobility infrastructure company with 50 years of experience accelerating the adoption of innovative electrical technologies, today announced that Jeffrey Peck, Chairman and CEO, and John Sullivan, Chief Financial Officer, have each purchased 50,000 shares of iSun common stock on the open market, thus together buying 100,000 shares at a total price of $52,808, or an average cost of $0.53 per share, reinforcing their confidence in the company\u2019s progress and opportunities ahead. Said Mr. Peck, \u201cBuilding on the transformational year of 2022, &hellip; Continue reading &quot;iSun Inc. Reports Significant Stock Purchases by Senior Management&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/isun-inc-reports-significant-stock-purchases-by-senior-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-26T12:48:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230526005041r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/isun-inc-reports-significant-stock-purchases-by-senior-management\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/isun-inc-reports-significant-stock-purchases-by-senior-management\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"iSun Inc. 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(NASDAQ: ISUN) (the \u201cCompany,\u201d or \u201ciSun\u201d), a leading solar energy and clean mobility infrastructure company with 50 years of experience accelerating the adoption of innovative electrical technologies, today announced that Jeffrey Peck, Chairman and CEO, and John Sullivan, Chief Financial Officer, have each purchased 50,000 shares of iSun common stock on the open market, thus together buying 100,000 shares at a total price of $52,808, or an average cost of $0.53 per share, reinforcing their confidence in the company\u2019s progress and opportunities ahead. Said Mr. Peck, \u201cBuilding on the transformational year of 2022, &hellip; Continue reading \"iSun Inc. 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