Solar growth pushes Peck Company to large revenue increase

Peck Company Holdings, a South Burlington solar energy company that went public in June, reported a third-quarter revenue increase of nearly 200% over the same quarter last year. The company reported to investors on Nov. 13 that it is looking for ways to expand through mergers and acquisitions. Its revenues rose 194% from $3.9 million in the third quarter last year to $11.7 million for the third quarter this year, the company reported. Its officers credited an increase in solar project work. “We are dedicated to expanding our business into new markets to increase our revenue and cash flow,” CEO Jeffrey Peck told investors on a conference call Nov. 13. Peck is a solar EPC company – one that provides engineering, procurement, and construction of solar energy systems. The former electric company, founded in 1972, started installing solar systems in 2012, and now provides services for residential and commercial and utility-scale projects, the company said. Peck has installed more than 125 megawatts worth of solar.