As Car/Truck Gas Lines Appear Temporarily On The East Coast, Drivers Of Electric Vehicles (EV) Are Insulated From The Crisis As EV Charging Station Market Goes High Profile And Analysts Predict Series Of More Industry Mergers; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Building EV Charging Station Division

Posted May 14, 2021

In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: ETSY, NASDAQ: IDEX, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NYSE: GM, NYSE: SPRQ, OTC PINK: SIRC

Suddenly last week we saw gas lines for cars/trucks on the East Coast. Those lines may have only been temporary due to an overseas ransomware hack, but owners of electric vehicles (EV) could only watch as gas guzzler vehicles lined up for fuel. Long term, EV vehicles and EV charging stations are the wave of the future. But stock analysts, after the ChargePoint SPAC merger with Switchback Energy earlier this year, predict the entire EV industry will go through more mergers in the future. Demand is already tight for EV vehicles — for a new Tesla today, potential customers must wait 10 weeks or more for delivery. The EV Charging Industry includes a host of companies including: Solar Integrated Roofing Corp. (OTC PINK: SIRC), Blink Charging (NASDAQ: BLNK), ChargePoint (NYSE: CHPT), Volta Charging and EVgo.

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), SunPower (NASDAQ: SPWR), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR),, Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

As Car/Truck Gas Lines Appear Temporarily On The East Coast, Drivers Of Electric Vehicles (EV) Are Insulated From The Crisis As EV Charging Station Market Goes High Profile And Analysts Predict Series Of Industry Mergers; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Building EV Charging Station Division

Electric vehicle drivers only need to plug in at home (80% do this) and avoid gas station fuel altogether. News photos of long gas lines on the East Coast reinforced the foresight of buying EV and using EV Charging Stations instead of waiting for gas. Younger drivers perhaps never even saw the gas lines of the past. The result: a higher profile for EV, EV Charging Stations and a better understanding of clean energy electric vehicles as opposed to fossil fuel-driven vehicles.

EV Charging Station Positive Tailwinds

In addition to the pure play EV Charging Station companies, the industry has tailwinds from support by the federal government and major OEM firms such as General Motors (NYSE: GM) and Tesla (NASDAQ: TSLA). As Car/Truck Gas Lines Appear Temporarily On The East Coast, Drivers Of Electric Vehicles (EV) Are Insulated From The Crisis As EV Charging Station Market Goes High Profile And Analysts Predict Series Of Industry Mergers; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Building EV Charging Station Division

Is the ChargePoint (NYSE: CHPT) SPAC Merger With SwitchBack Energy Part Of An Industrywide Trend?

Stock analysts say that the EV Charging Station industry will undergo a series of mergers. They saw ChargePoint’s (NYSE: CHPT) SPAC merger with SwitchBack Energy earlier this year and believe there may be more of the same in the future . ChargePoint operates 135,000 charging ports nationally, the most of any EV Charging Station company in the U.S. The combined CHPT companies receive most of their volume from North America and a small amount from Europe. However, analysts are even more bullish on the future of EV Charging Stations in European nations. As Car/Truck Gas Lines Appear Temporarily On The East Coast, Drivers Of Electric Vehicles (EV) Are Insulated From The Crisis As EV Charging Station Market Goes High Profile And Analysts Predict Series Of Industry Mergers; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Building EV Charging Station Division.

Volatility In EV Charging Industry Are Seen As Forerunner Of Additional Mergers By Securities Analysts

Volatility in the EV Charging Station industry is forecast ahead, but analysts see the growth in the number of EV vehicles and the EV Charging Stations that will support them. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is growing its dedicated EV Charging Station Division after acquiring Pacific Lighting Management (PLEMco). David Massey, CEO of SIRC, said he is looking for more EV Charging Station firms to acquire in the future, as it grows its footprint in this growing clean energy space.

General Motors (NYSE: GM) And Tesla (NASDAQ: TSLA) Growing EV Charging Stations

As the federal government under the Biden administration, General Motors (NYSE: GM) and Tesla (NASDAQ: TSLA) and numerous public and private companies grow the number of EV Charging Stations available to EV drivers, SIRC is seeking to expand in this green energy space. As Car/Truck Gas Lines Appear Temporarily On The East Coast, Drivers Of Electric Vehicles (EV) Are Insulated From The Crisis As EV Charging Station Market Goes High Profile And Analysts Predict Series Of Industry Mergers; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Building EV Charging Station Division.

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

Source: Stock Market Press

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Nitin Harlalka

Nitin Harlalka is a Stock Market Press contributor who has covered financial market for close a decade. With a graduate degree in Economics, Nitin has been a freelance stock market and business journalist for a range of publications. Most recently, he has covered emerging industries such as cannabis and blockchain.