Market Comparison Market analysis indicates that iSun is both a growth and value opportunity across all sectorsResidential Solar Market data as of July 29, 2021; Market Capitalization reflects 9.08M shares outstanding; Financial metrics as of 2Q 2021 unless otherwise noted1 Based on proposed post de-SPAC share count Source: Capital IQ and investor presentations Date: As of market close on 06/23/20. ($ in millions except per share amounts)Share Price Market Enterprise EV / Revenue EV / EBITDA Installed # of Company Name Current Capitalization Value FY2020 FY2021 FY2022 FY2023 FY2020 FY2021 FY2022 FY2023 MW Customers Sunrun Inc., (NasdaqGS:RUN) $52.62 $10,730.8 $17,147.6 NM 11.6x 10.1x 8.9x NM NM NM 319.9x 3,000 573,000 Sunnova Energy International Inc., (NYSE:NOVA) $36.72 $4,112.1 $6,810.4 41.0x 30.0x 20.1x 15.4x 110.6x 82.4x 45.9x 30.5x 861 116,400 Sunworks, Inc., (NasdaqCM:SUNW) $8.68 $234.8 $155.9 NM 1.2x 0.9x NM NM NM 311.9x NM - - Sunlight Financial Holdings Inc., (NYSE:SUNL) $7.96 $675.3 $1,412.1 20.5x 11.5x 9.0x 7.1x 56.5x 23.5x 17.2x 12.6x - - Average 30.8x 13.6x 10.0x 10.4x 83.6x 53.0x 125.0x 121.0xMedian 30.8x 11.5x 9.6x 8.9x 83.6x 53.0x 45.9x 30.5x iSun, Inc., (NasdaqCM:ISUN) $9.16 $83.2 $68.7 3.9x 1.5x 0.8x NM NM 56.3x 10.9x NM 400 3,000 Average 4.5x 3.7x 3.1x 2.7x 57.6x 27.1x 20.6x 16.9xMedian 4.0x 3.4x 2.9x 2.6x 45.7x 33.1x 25.3x 20.7x iSun, Inc., (NasdaqCM:ISUN) $9.16 $83.2 $68.7 3.9x 1.5x 0.8x NM NM 56.3x 10.9x NM 400 3,000 Average 2.9x 1.9x 1.2x 1.1x 4.9x 7.1x 11.5x 8.1xMedian 2.5x 1.9x 1.2x 1.3x 12.0x 10.2x 12.6x 7.8x iSun, Inc., (NasdaqCM:ISUN) $9.16 $83.2 $68.7 3.9x 1.5x 0.8x NM NM 56.3x 10.9x NM 400 3,000 Average 79.6x 41.3x 18.0x 9.1x (141.4x) (55.1x) (221.5x) 104.2xMedian 61.1x 36.5x 12.2x 5.8x (84.3x) (40.7x) (38.4x) 33.6x iSun, Inc., (NasdaqCM:ISUN) $9.16 $83.2 $68.7 3.9x 1.5x 0.8x NM NM 56.3x 10.9x NM 400 3,000 Commercial & Industrial Solar --- ($ in millions except per share amounts)Share Price Market Enterprise EV / Revenue EV / EBITDA Installed # of Company Name Current Capitalization Value FY2020 FY2021 FY2022 FY2023 FY2020 FY2021 FY2022 FY2023 MW Customers Ameresco, Inc., (NYSE:AMRC) $68.02 $3,487.4 $4,311.9 4.4x 3.8x 3.4x 3.1x 37.7x 29.9x 25.6x 22.1x - SunPower Corporation, (NasdaqGS:SPWR) $24.63 $4,249.2 $4,434.6 3.7x 3.0x 2.4x 2.1x 134.0x 36.2x 25.1x 20.3x 1,120 363,000 SolarEdge Technologies, Inc., (NasdaqGS:SEDG) $261.13 $13,572.5 $13,103.0 9.0x 6.9x 5.5x 4.6x 53.6x 37.5x 27.3x 21.0x 24,000 Electricité de France S.A., (ENXTPA:EDF) $12.43 $39,256.0 $96,605.0 1.1x 1.1x 1.1x 1.1x 5.0x 4.6x 4.4x 4.1x - Utility Solar ($ in millions except per share amounts)Share Price Market Enterprise EV / Revenue EV / EBITDA Company Name Current Capitalization Value FY2020 FY2021 FY2022 FY2023 FY2020 FY2021 FY2022 FY2023 FTC Solar, Inc., (NasdaqGM:FTCI) $10.56 $890.2 $884.9 NM 2.9x 1.7x 1.3x NM NM 13.8x 7.8x Array Technologies, Inc., (NasdaqGM:ARRY) $13.61 $1,728.4 $2,117.6 2.5x 2.1x 1.8x 1.6x 13.3x 22.9x 14.2x 10.0x Canadian Solar Inc., (NasdaqGS:CSIQ) $40.71 $2,442.5 $3,968.3 1.2x 0.7x 0.6x 0.6x 12.0x 10.2x 6.7x 6.5x Orbital Energy Group, Inc., (NasdaqCM:OEG) $3.45 $221.2 $221.0 4.9x 1.8x 0.8x NM (10.6x) (11.9x) 11.4x NM EV Charging ($ in millions except per share amounts)Share Price Market Enterprise EV / Revenue EV / EBITDA Company Name Current Capitalization Value FY2020 FY2021 FY2022 FY2023 FY2020 FY2021 FY2022 FY2023 Beam Global, (NasdaqCM:BEEM) $30.29 $269.2 $243.4 43.5x 21.8x 10.9x 5.8x (67.3x) NM NM 152.1x Blink Charging Co., (NasdaqCM:BLNK) $34.05 $1,435.4 $1,206.1 217.0x 104.8x 44.7x 21.8x (101.4x) (41.9x) (51.5x) (54.8x) ChargePoint Holdings, Inc., (NYSE:CHPT) $24.07 $7,738.6 $7,154.2 NM 51.6x 34.9x 20.9x NM (66.7x) (46.8x) (60.4x) EVBox1 $12.15 $1,701.0 $1,354.0 19.3x 11.3x 6.0x 3.6x NM (16.9x) (30.1x) 677.0x EVgo, Inc., (NasdaqGS:EVGO) $11.95 $821.4 $854.8 61.1x 42.7x 15.8x 5.1x (29.5x) (14.7x) (19.9x) 171.0x Fastned B.V., (ENXTAM:FAST) $68.00 $1,016.4 $1,086.9 148.1x 71.5x 24.2x 12.2x (444.3x) (175.5x) 178.8x 33.6x Tritium1 $9.88 $1,682.6 $1,072.6 18.2x 12.8x 6.3x 3.0x NM (28.2x) (59.6x) 15.1x Volta1 $9.92 $2,014.8 $1,714.8 68.6x 36.5x 12.2x 6.1x (59.1x) (57.2x) (1714.8x) 52.0x Wallbox1 $9.93 $1,775.5 $1,465.5 61.1x 18.6x 6.5x 3.2x (146.5x) (39.6x) (28.2x) (47.3x)