WILLISTON, Vt. - iSun, Inc. (NASDAQ: ISUN), a provider of solar energy and clean mobility infrastructure, has announced the immediate appointment of Robert J. Zulkoski as its new Chief Executive Officer. The company, with a history dating back to 1972, specializes in a range of solar services and electric vehicle charging solutions.
The transition sees the former CEO, Jeff Peck, moving into a strategic advisory and operational role to continue supporting iSun's growth. Andrew Matthy, a member of iSun's Board, expressed gratitude for Peck's contributions, which included expanding the business from a small family-owned electrical contractor to a multifaceted provider of solar services in various states and verticals.
iSun serves a diverse clientele, including Fortune 500 companies, and has installed over 600 megawatts of solar systems. The company's comprehensive suite of services spans residential, commercial, industrial, municipal, and utility-scale solar projects.
This leadership change is based on a press release statement and does not include any forward-looking statements or predictions.
InvestingPro Insights
As iSun, Inc. (NASDAQ: ISUN) embarks on a new era under the leadership of CEO Robert J. Zulkoski, the company's financial and market performance metrics provide a snapshot of its current standing. With a market capitalization of $9.56 million, iSun is navigating the competitive solar energy landscape with a focus on innovation and expansion. Despite the optimism surrounding the company's growth prospects, the latest data from InvestingPro reveals several challenges and opportunities for iSun.
InvestingPro Tips highlight that iSun is trading at a low Price / Book multiple of 0.41 as of the last twelve months ending Q3 2023, which could be of interest to value investors seeking assets that are potentially undervalued relative to their book value. Additionally, while the company operates with a significant debt burden and may have trouble making interest payments on its debt, analysts are anticipating sales growth in the current year, as evidenced by a 23.85% revenue growth during the same period.
Investors should note that iSun does not pay a dividend, which may influence the investment decisions of those seeking regular income from their holdings. Moreover, the company's stock has been characterized by high price volatility, and analysts do not anticipate iSun will be profitable this year. For those considering a deeper dive into the company's financials and market performance, there are 14 additional InvestingPro Tips available at InvestingPro. To gain access to these insights, readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
The leadership transition at iSun is a pivotal moment for the company, and the InvestingPro data and tips can serve as valuable resources for investors monitoring iSun's trajectory in the competitive solar energy sector.
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