Alternative Energy Including Solar Will Set Installation Records For 2021 And Con-tinue Growth Through 2026 As Europe And China Lead The Way, Predicts Interna-tional Energy Agency (IEA); Positive News For Solar Installers Such As Solar In-tegrated Roofing Corp. (OTC PINK: SIRC)

Posted December 3, 2021

In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: EVGO, NASDAQ: FSLR, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NYSE: CHPT, NYSE: GM, NYSE: SPRQ, OTC PINK: SIRC

The International Energy Agency (IEA) predicts this week that alternative energy installations in solar and wind will set record 3% growth this year over an ‘exceptionally strong’ 2020. The IEA also forecasts record growth in these two sectors through 2026 with a 305 GW forecast annually. This is despite COVID-19 lockdowns, impact of variants, rising electric rates and sudden increases in costs of solar panels rose 10-25% this year vs. 90% price reductions over the prior 12 years. If the IEA’s predictions are right, installers like Solar Integrated Roofing Corp. (OTC PINK: SIRC) will benefit.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

Alternative Energy Including Solar Will Set Installation Records For 2021 And Continue Growth Through 2026 As Europe And China Lead The Way, Predicts International Energy Agency (IEA); Positive News For Solar Installers Such As Solar Integrated Roofing Corp. (OTC PINK: SIRC)

The IEA paints an upbeat picture of alternative energy solar installation records. Despite price hikes for solar panels, supply chain bottlenecks, political issues in China, and even legislative turbulence at home, the outlook for solar remains bright. The IEA sees the 3% gain in solar this year over a solid 2020 — and more installation records through 2026 — as a never ending trend. As electric rates continue to rise, solar is increasing faster.

Federal and state funding is proving fiscal tailwinds for solar. It is seen as a clean alternative to central grid electricity, powered by coal and other fossil fuels. Not only is the environment a key issue in the choice for solar, but larger and extended federal tax credits are playing a role.

According to The Wall Street Journal, US states have promised $480 billion for renewable alternative energy projects with the majority of those funds expected be spent before 2024. Alternative Energy Including Solar Will Set Installation Records For 2021 And Continue Growth Through 2026 As Europe And China Lead The Way, Predicts International Energy Agency (IEA); Positive News For Solar Installers Such As Solar Integrated Roofing Corp. (OTC PINK: SIRC).

Solar is anything but fragile. Homeowners and business owners are choosing solar to beat central grid rising electricity costs — and to play a role in eliminating carbon emissions. Cost-effectiveness only helps create more solar installation

Internationally, the IEA forecasts Europe (50%) and China (40%) will lead the way by way of measurement of solar and wind energy as a percentage of source of electricity globally. Behind those leaders will be the U.S. (30%) and India (30%), the report finds.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is a national solar installer brand with multiple subsidiary companies with solar as its core business. Not only is SIRC in solar, it is also an authorized installer of Tesla (NASDAQ: TSLA) brand PowerWall solar rechargeable battery systems. Through subsidiary PLEMCo., SIRC is also a competitive factor in the EV Charging Station industry — supporting alternative energy electric cars and trucks.

Not only is SIRC’s future bright in solar alternative energy, it is also gaining in national branding profile. Within the investment financial community, it is striving to become a larger and more recognized entity. This week it reached a ‘milestone’ by submitting its application to up list to the OTCQB® Venture Market. David Massey, chairman and CEO of SIRC, said approval of the application would result in the Company attaining a higher profile within the investment community and would also help its exposure with institutional investors.

Massey said, “Our application to up list to the OTCQB marks an important milestone for our Company and will help to build shareholder value along with our strong organic growth from our complementary solar, roofing and EV Charging brands. Alternative Energy Including Solar Will Set Installation Records For 2021 And Continue Growth Through 2026 As Europe And China Lead The Way, Predicts International Energy Agency (IEA); Positive News For Solar Installers Such As Solar Integrated Roofing Corp. (OTC PINK: SIRC).

“Joining the OTCQB raises our profile within the investment community, which we expect will help improve liquidity, broaden our shareholder base and position us for a NASDAQ up listing in the future,” he concluded.

The up listing application is subject to the approval of the OTC Markets and the satisfaction of applicable listing requirements, the Company said. OTCQB is a trading platform is operated by the OTC Markets Group in New York. SIRC said it is a premiere marketplace for early-stage and developing U.S. and international companies.

Massey further added, “We believe our recent acquisitions, rapid sales growth, and transformation into a national brand will accelerate this goal. In addition, trading on this established public market will help to generate exposure of our Company among institutional investors.”

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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Shannon Roxborough

Shannon Roxborough is SMP's senior contributor writer. A financial journalist for more than 20 years, he has covered U.S. and global markets across all sectors. A former correspondent with Money magazine and columnist with Small Cap Investor, his writings have appeared in The Wall Street Journal and numerous other financial publications.