iSun Inc (ISUN)

[Mr. Zen]

ISUN Research Notes

Market Cap July 8 2023 is 7,147,532
The number of shares of the Registrant’s Common Stock outstanding at May 8, 2023 was 18,858,923.

¦ Revenue of $17.4 million, up 15% from Q122, as commercial and industrial execution drives growth
¦ Gross profit of $3.5 million, up 12% from Q122
¦ Gross margin of 20.5%, down slightly from 21% in 2022’s first quarter
¦ Operating expenses reduced by $2.7 million with focus on efficiency
¦ Awarded $32.0 million in new solar and EV infrastructure contracts in 2023

The average one-year price target for iSun (NASDAQ:ISUN) has been revised to 2.47 / share. This is an increase of 7.41% from the prior estimate of 2.30 dated June 1, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 2.02 to a high of 2.89 / share. The average price target represents an increase of 501.23% from the latest reported closing price of 0.41 / share.

iSun, Inc Announces 100K Share Insider Buy by CEO Jeffrey Peck