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The latest announcement is out from Stardust Solar Energy Inc. ( (TSE:SUN) ).
Stardust Solar Energy Inc. reported a 20% increase in revenue for Q1 2025, reaching $1 million, and improved its gross margin to 48%. The company expanded its franchise territories to 87 and reduced its loan obligations by 44%, enhancing its financial stability. Despite a net loss of $0.65 million, Stardust Solar’s strategic focus on franchise growth and U.S. expansion, alongside the introduction of advanced training programs, positions it for future profitability and market expansion. Management anticipates accelerated revenue growth driven by franchise additions and a growing installation backlog.
More about Stardust Solar Energy Inc.
Stardust Solar is a North American franchisor specializing in renewable energy installation services, including solar panels, energy storage systems, and electric vehicle supply equipment. The company supports entrepreneurs with business management services, equipment, and comprehensive support, promoting clean energy solutions across Canada and the United States.
Average Trading Volume: 63,389
Technical Sentiment Signal: Sell
Current Market Cap: C$4.47M
For detailed information about SUN stock, go to TipRanks’ Stock Analysis page.