ISUN - iSun shines after initiating full-year revenue guidance

iSun (NASDAQ:ISUN) +24.7% pre-market after guiding for full-year revenues of $165M, with an aggregate gross margin of 18%- 21%, citing increased energy demand associated with accelerating electric vehicle adoption. iSun says it anticipates achieving the targets "through a combination of organic growth, geographic expansion, continued execution of its project backlog and consumer demand." "In 2022, we will begin to transition from the development of our platform to its deployment," CEO Jeffrey Peck says, adding the company will begin providing guidance for each of its four segments for the first time. iSun recently reported a Q3 GAAP loss on less than $7M in revenues.

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iSun shines after initiating full-year revenue guidance