Wells Solar Ranks No. 1542 on the 2020 Inc. 5000 List With 3-Year Revenue Growth of 284%
Inc. magazine today revealed that Wells Solar & Electrical Services is No. 1542 on its annual Inc. 5000 List, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“We are honored to be named the #1542 fastest growing company in the nation on Inc. Magazine's 5000 List. We've seen substantial growth over the past year as home and business owners in Texas look to solar power to help them lock-in affordable, predictable energy costs. It's been a team effort to maintain our focus of providing the same level of 'Quality Service. Quality Solar.' to each new customer as we've grown, and I couldn't be more proud of the Wells Solar team for working hard each day!"
-Carl Wells, Founder & CEO
Wells Solar & Electrical Services was also recognized on the Solar Power World Top Contractors List.
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
Inc 5000 Methodology
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Wells Solar
Founded in 2014, Wells Solar & Electrical Services is a family-owned establishment committed to installing high-quality solar power solutions that everyone can afford. Thanks to special solar programs available in Texas, you may be able to trade the money you’re spending on power bills for a solar finance payment and realize net savings each month!
Find out why Wells Does Solar Better™ in Texas by visiting wellssolar.com or calling 1-833-TX-WELLS.