Analysts Say Cryptocurrency Is Going Mainstream And Fueling SmallCap ‘Penny Stock’ Boom With Some $548 Billion In OTC Trading Already This Year; Solar In-tegrated Roofing Corp. (OTC PINK: SIRC) In Green Energy Sector Thriving As Shorts And Long Shareholders Trade Daily
SmallCaps OTC are on a YTD roll this year, having traded $548 billion this year — already more than all of 2020. Analysts such as MSNBC and The Wall Street Journal say that volatility in ‘Penny Stocks’ is making them popular with short and long day traders because their low cost and fast price changes are attractive to profit seekers. Solar Integrated Roofing Corp. (OTC PINK: SIRC), planning for a near term up list, was actually singled out by The Journal yesterday — which interviewed an exuberant SIRC shareholder. That stock closed at $0.5299, up 1.92% last evening or $0.0100. Analysts believe some of this heightened OTC activity is triggered by — wait for it — cryptocurrency.
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).
Analysts Say Cryptocurrency Is Going Mainstream And Fueling SmallCap ‘Penny Stock’ Boom With Some $548 Billion In OTC Trading Already This Year; Solar Integrated Roofing Corp. (OTC PINK: SIRC) In Green Energy Sector Thriving As Shorts And Long Shareholders Trade Daily
Theory goes that because digital or cryptocurrencies have boomed since the pandemic started, OTC or ‘penny stocks’ are also seeing record growth. Shorts can sometimes overwhelm trading days of the smaller stocks. Traders can buy and sell large amounts of shares priced at less than $1. The Journal interviewed for its print edition a SIRC long term shareholder, Doug Bober.
He said, “Sure, I can play a Blue Chip. But if I buy a blue chip, I have to put down a lot of money and wait for a long time,” to get a substantial return. With a penny, if you find a good, solid company, the upside is phenomenal.” Sober said most of his portfolio now is in penny stocks — including SIRC. Analysts Say Cryptocurrency Is Going Mainstream And Fueling SmallCap ‘Penny Stock’ Boom With Some $548 Billion In OTC Trading Already This Year; Solar Integrated Roofing Corp. (OTC PINK: SIRC) In Green Energy Sector Thriving As Shorts And Long Shareholders Trade Daily.
Cryptocurrency is being touted by wealth-management executives and clients who are being urged to include them in investment portfolios. Bitcoin reached $63,000 apiece this spring, and many investors want to share in a 2,000% increase. Even at lower prices today, Bitcoin is still up 50% for the year.
Analysts at MSNBC say that the volatility in SmallCap OTC stocks is what makes them attractive to investors. Successful publicly-held firms can emerge and up list, leaving ‘short’’ investors behind and creating new value for long term holders. Before all that happens, ‘shorts’ can overwhelm the market — sometimes leveraging more than half of daily volumes. That’s part of the daily fiscal roller coaster.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is a penny stock phenomena because it has grown its operating footprint to some 40 states, has a family of member companies totaling 13 and its volume is growing by exponential numbers, estimated at $25 million preliminary and unaudited, for Q2 2022 fiscal year alone. This is for the three months ended August 31, 2021.
In its 52-week range, SIRC stock ballooned to $3 per share. Its average volume is large at an average of 2,175,015. The company’s executives will present in person at the LD Micro Main Event on 3:30 p.m. EST, October 12, 2021. Register to attend for free or watch it live at https://me21.my.com/
SIRC in mid-year acquired USA Solar Networks, along with its CEO Pablo Diaz. That subsidiary is active closing joint venture partnerships to educate contractors and dealers about the profitability of solar installations and attracting more contractor executives to its network, which now operates in some 40 states, Diaz said. Analysts Say Cryptocurrency Is Going Mainstream And Fueling SmallCap ‘Penny Stock’ Boom With Some $548 Billion In OTC Trading Already This Year; Solar Integrated Roofing Corp. (OTC PINK: SIRC) In Green Energy Sector Thriving As Shorts And Long Shareholders Trade Daily.
These include SIRC’s newest agreements with Storm Venture Group (SVG), SVG University, American Contractor and COACH Pro are designed to educate contractors about roofing and particularly solar — and bring more of them into the USA Solar Networks, and spark more installation business monthly.
SIRC traded OTC now is in an enviable position as it participates in fast-growing and trending green sectors such as solar, roofing, EV Charging Stations, rechargeable solar batteries and other green classifications.
These are growth areas with large tailwinds from federal, state and even local initiatives, such as funding grants to build green eco-systems — from solar to electric vehicles to EV Charging Stations. President Biden’s Infrastructure Bill is still fighting for its final form for Congressional passage — is critical to the growth of companies like Solar Integrated Roofing Corp. (OTC PINK: SIRC).
To companies like SIRC, the sooner Infrastructure passes the better. SIRC would benefit from more and extended solar tax credits to make it fiscally feasible for homeowners and business owners to approve a solar/battery installation. SIRC itself is an applicant for some $100 million in federal grants for EV Charging Station construction.
SIRC also is active in the the EV charging station industry. The infrastructure bill as now written would include $7.5 billion in an infrastructure package for EV Charging and government funded rebates and tax credits for electric car purchases. Solar Integrated Roofing Corp. (OTC PINK: SIRC), has applied for some $100 million in government grants to help them build more EV charging stations.
Analysts say some 28 U.S. House Democrat progressives see the already-passed $7.5 billion for EV as insufficient and want much more. Progressive Democrats seek as much as $85 billion for EV Charging infrastructure. In a world where electric cars make up only about 3% of all U.S. new car sales today, government grants, rebates and other incentives will be needed to spur sales of more EV vehicles and EV charging stations.
SIRC executives like Pablo Diaz, CEO of USA Solar Networks, say the Infrastructure Bill touches SIRC’s businesses in virtually every aspect: solar, rechargeable batteries and EV Charging Stations. Analysts Say Cryptocurrency Is Going Mainstream And Fueling SmallCap ‘Penny Stock’ Boom With Some $548 Billion In OTC Trading Already This Year; Solar Integrated Roofing Corp. (OTC PINK: SIRC) In Green Energy Sector Thriving As Shorts And Long Shareholders Trade Daily.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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