Press Release

The Peck Company Named to Solar Power World’s Top Solar Contractors List

Company Release - 7/29/2019 8:00 AM ET

BURLINGTON, Vt.--(BUSINESS WIRE)-- The Peck Company (or “Peck” or “the Company”) (NASDAQ:PECK), a leading commercial solar engineering, procurement and construction (EPC) company, today announced that it has once again been named on Solar Power World’s Top Solar Contractors list, the most recognized annual listing of the top U.S. solar contractors working in the utility, commercial and residential markets. The Company was also ranked number one solar engineering, procurement and construction (EPC) provider in Vermont.

“We are constructing our energy future, having installed more than 125,000 kW of solar power since our inception,” said Jeff Peck, Chief Executive Officer of The Peck Company. “Utilities, corporations and home owners are looking for more renewable energy sources as businesses and individuals switch their cars to electric vehicles and HVAC systems to heat pumps. We believe this shift to renewable energy is a long-term secular trend that will continue to create a range of growth opportunities for The Peck Company, as we can enter the solar array value chain and deliver value at any scale or stage. We look forward to bringing more clean, solar energy online as we expand across the Northeast and execute our growth strategy as a Nasdaq listed company.”

The “Top Solar Contractors” list is developed by Solar Power World to recognize the work completed by solar contractors across the United States. Produced annually, the “Top Solar Contractors” list celebrates the achievements of U.S. solar developers, subcontractors and installers within the utility, commercial and residential markets, and ranks contractors by kilowatts installed in the previous year.

Solar Power World enjoys assembling the Top Solar Contractors list each year, and our 2019 edition features hundreds of companies making big impacts in local energy markets,” said Kelly Pickerel, editor in chief of Solar Power World. “Solar power is becoming competitive with traditional electricity sources in more markets, and cities and states are demanding more renewable energy options. It’s a great time to be a solar installer, and we’re happy to highlight the best installation companies in the country on our list.”

The U.S. solar market is expected to see 14 percent growth in 2019, with over 12 gigawatts of new solar power added to the grid this year — enough to supply 2.28 million average American homes. That increase in installations is attributed to strong residential and commercial interest in renewable energy as part of a diversified, low-carbon national energy mix.

About The Peck Company

Headquartered in South Burlington, VT, The Peck Company, is a 2nd-generation family business founded in 1972 and rooted in values that align people, purpose, and profitability. Ranked by Solar Power World as the largest commercial solar contractor in the Northeast and one of the largest in U.S., The Peck Company provides engineering, procurement and construction (EPC) services to solar energy customers for projects ranging in size from several kilowatts for residential properties to multi-megawatt systems for large commercial and public works projects. The Peck Company has installed over 100MW of solar systems since inception and is focused on profitable growth opportunities. Please visit www.peckcompany.com for additional information.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

Media:
Cory Ziskind
ICR
cory.ziskind@icrinc.com
646-277-1232

Investor:
Michael Callahan
ICR
michael.callahan@icrinc.com
203-682-8311

Source: The Peck Company