Sunergy reports 1H revenue $48.8M vs. $27.7M las year

“Our business has seen significant growth so far in 2023,” said Sunergy CEO Tim Bridgewater. “Driven by strength in emerging markets for Sunergy, solar system installations grew 65% in the first half, resulting in record net revenue and gross profit. Our rapid sales-to-install cycle and commitment to profitability have helped our sales team continue outpacing the industry in installs and revenue per sales pitch, insulating Sunergy from broader U.S. residential solar industry headwinds. This week’s S-4 filing represents a significant step towards the completion of our business combination. We’re encouraged that residential solar is still in its early innings and confident that we can execute our growth strategy as we look to capture the robust market opportunity in front of us. We believe that we’re poised to enter the public markets at a time when Sunergy’s commitment to straightforward growth and sustainable profitability will be well-received, and look forward to displaying our progress over the coming quarters.”