Solar Alliance Energy (TSE:SOLR) has released an update.
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Solar Alliance Energy Inc. has reported a strong start to 2024 with a 70% revenue increase in the first quarter, achieving profitability and a net income turnaround from the previous year. The company’s growth is attributed to a shift towards larger, higher-margin commercial and utility solar projects, as well as rising demand in rural communities, bolstered by REAP grants and loans. Solar Alliance is targeting a profitable year, focusing on the Southeast U.S. commercial solar sector.
For further insights into TSE:SOLR stock, check out TipRanks’ Stock Analysis page.