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Stardust Solar Approved as BC Hydro Alliance Contractor, Supporting Scalable Growth in B.C.
TMX Newsfile· 2025-12-30 13:51
Core Insights - Stardust Solar Energy Inc. has received full approval as a registered contractor within the BC Hydro Alliance of Energy Professionals for a two-year term, enhancing its operational credibility and growth strategy [1][5]. Group 1: Company Developments - As an approved member of the Alliance, Stardust Solar is authorized to assist residential and commercial customers in British Columbia with energy-saving projects and related online incentive applications through BC Hydro programs [2][3]. - The approval followed a comprehensive review of the company's technical qualifications, compliance standards, and operational practices, reflecting its commitment to quality and safety [2][5]. - Alliance membership provides access to program tools, approved equipment lists, financing pathways, and training to support efficient project execution and scalable clean-energy deployment [4]. Group 2: Customer Benefits - Customers of Stardust Solar may be eligible for various BC Hydro programs, including solar and battery storage rebates for installations under 100 kW, energy storage incentives, and business energy-efficiency programs aimed at reducing electricity consumption [3][4]. - All projects are subject to applicable permitting, technical requirements, and BC Hydro program rules, ensuring compliance and operational integrity [3]. Group 3: Strategic Implications - The approval strengthens the operational foundation of Stardust Solar and aligns with its long-term growth strategy, enhancing its ability to support customers in navigating incentive-driven clean-energy projects [5]. - The membership signals operational credibility and execution readiness, reinforcing investor confidence in the company's ability to scale responsibly and support sustainable growth [5]. Group 4: Company Overview - Stardust Solar is a North American franchisor specializing in renewable energy installation services, including solar panels, energy storage systems, and electric vehicle supply equipment [6]. - The company provides entrepreneurs with branded business management services, cutting-edge equipment, and comprehensive support, driving the adoption of clean energy solutions [6].
Stardust Solar Sets 2026 Outlook Backed by $4M Backlog and Strengthening Financial Metrics
Newsfile· 2025-12-02 13:22
Core Insights - Stardust Solar Energy Inc. has reported a signed project backlog exceeding $4 million, indicating strong visibility for 2026 [1] - The company achieved record revenue of $1.78 million for Q3 2025, representing a 99% year-over-year increase, and recorded its first EBITDA-positive quarter [1][8] - The gross margin improved to 44% in Q3 2025, up from 31% in Q3 2024 [1][8] Financial Performance - Q3 2025 revenue reached $1.78 million, the highest quarterly revenue in the company's history, with a gross margin of 44% [8] - The net loss narrowed to $25,018, reflecting improved cost management and operational performance [6][8] - Operating cash flow turned positive at $131,000, marking the first positive operating cash flow quarter since going public [8] Growth Strategy - The company plans to expand its franchise network by adding approximately 25-50 new territories in 2026, driven by demand for solar solutions [2] - Stardust Solar is also expanding internationally, with new locations in the Caribbean and Zambia, showcasing the scalability of its franchise model [2] - The company anticipates a significant increase in commercial project activity in 2026, aligning with market demand for distributed energy solutions [3] Mergers & Acquisitions - Stardust Solar is actively evaluating acquisition opportunities to complement its operations, with several potential transactions under review as part of its growth strategy for 2026 [4]
Stardust Solar Energy Inc. Announces Annual Meeting Results/Shareholder Approval of New By-Law No. 1 with Advance Notice Provisions
Newsfile· 2025-10-17 00:46
Core Points - Stardust Solar Energy Inc. announced the results of its Annual and Special Meeting held on September 18, 2025, where all proposed resolutions were passed [1] - The meeting resulted in the election of five directors and the appointment of Davidson & Company as the auditor for the upcoming year [2] - The Corporation's Amended Omnibus Plan was ratified, allowing for a maximum of 8,880,014 common shares for share unit awards [2] - Shareholders approved a new by-law, By-Law No. 1, which includes advance notice provisions for director nominations [3] Company Overview - Stardust Solar is a North American franchisor specializing in renewable energy installation services, particularly solar panels, energy storage systems, and electric vehicle supply equipment [5] - The company provides entrepreneurs with branded business management services, advanced equipment, and comprehensive support, including marketing and project management [5] - Stardust Solar aims to promote the adoption of clean energy solutions, contributing to economic development and sustainability [5]
Stardust Solar Reaches 100 Franchises Globally, Milestone Marked with 3 New Territories
Newsfile· 2025-10-07 12:30
Core Insights - Stardust Solar Energy Inc. has reached a significant milestone of 100 franchises globally, with new additions in Durham, Ontario; Kitchener, Ontario; and New London, Connecticut in September 2025, indicating strong demand for its clean-energy solutions [1][8] Company Expansion - The new franchises enhance Stardust's coverage in the Greater Toronto Area and New England, with a focus on quality execution and customer experience [2][8] - The Durham territory will be led by an experienced Master Electrician, improving service responsiveness and crew capacity [2] Operational Strategy - Stardust follows a structured operational cadence, signing new territories in Q4, training in Q1, and executing installations primarily in Q2 and Q3, while maintaining year-round activities [3] Financial Performance - In August 2025, the company secured approximately $1 million in new customer contracts, raising its total signed contract backlog to about $3.5 million as of September 1, 2025, which includes residential and small-commercial solar-PV and battery-storage contracts [4]
Stardust Solar Reports $3.6 Million System-Wide Sales Backlog, Up 80% Since February
Newsfile· 2025-07-17 12:30
Core Insights - Stardust Solar Energy Inc. has reported a significant increase in its project backlog, reaching approximately $3.6 million in signed contracts, which is an 80% increase from the previous $2 million backlog reported in February 2025 [1][2] - The backlog consists of residential and small-commercial solar-PV and battery-storage installations scheduled to commence over the next 12 months [1] - The company's CEO highlighted the growing interest in their franchise model among homeowners and businesses seeking reliable clean-energy solutions, indicating a robust pipeline and an expanding North-American footprint of 96 territories [2] Strategic Initiatives Driving Momentum - The company is expanding its franchise network in high-growth Sun Belt markets in the U.S. and increasing its presence in Canada, which is contributing to immediate project flow and enhanced brand visibility [8] - Stardust Solar offers exclusive access to premium products such as Tesla Powerwall and Hanwha Qcells panels, enabling franchisees to provide industry-leading efficiency and reliability [8] - The company has certified over 2,500 renewable-energy professionals through its accredited training programs, ensuring quality installations and high customer satisfaction [8] Company Overview - Stardust Solar is a North American franchisor specializing in renewable energy installation services, including solar panels, energy storage systems, and electric vehicle supply equipment [4] - The company provides entrepreneurs with comprehensive support, including business management services, marketing, sales, engineering, and project management [4]