As Renewable Energy Faces Challenges In Frigid Texas And Other Southern States, Environment America Launches 13 State Effort To Set 100% Clean Energy Mandates; Solar Integrated Roofing Corp. (OTC PINK: SIRC), Stock At $1.65 Yesterday, Is Committed To Clean Energy Sectors
As renewable energy faces challenges delivering heat in frigid Texas and other Southern States, advocate group Environment America is launching a 13-state effort to instill 100% renewable energy mandates 2035-2050 and for California to move up its 100% clean energy date from 2045 to 2030, according to site Solar Power World. As renewable energy, particularly wind turbines, face the challenge of delivering heat to Texas homes and businesses, Environment America is focused on legislative efforts in 13 states to set clean energy mandates. Solar Integrated Roofing Corp. (OTC PINK: SIRC), with its stock yesterday priced at $1.65, is committed to clean energy. It has signed a binding LOI to acquire Pacific Lighting Management for its new dedicated EV Charging Station Solutions division it hopes to close by the end of this month. Earlier, it closed on the purchase on solar installer Enerev LLC.
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), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK) and Canadian Solar Inc. (NASDAQ: CSIQ).
As Renewable Energy Faces Challenges In Frigid Texas And Other Southern States, Environment America Launches 13 State Effort To Set 100% Clean Energy Mandates; Solar Integrated Roofing Corp. (OTC PINK: SIRC), Stock At $1.65 Yesterday, Is Committed To Clean Energy Sectors
Seven states have already established clean energy target dates. Now 13 more states are targeted for legislation setting dates for 100% clean energy mandates are: California (new, earlier mandate year), Florida, Connecticut, Georgia, Illinois, Massachusetts, Minnesota, New Jersey, North Carolina, Oregon, Pennsylvania, Texas, Wisconsin. As Renewable Energy Faces Challenges In Frigid Texas And Other Southern States, Environment America Launches 13 State Effort To Set 100% Clean Energy Mandates; Solar Integrated Roofing Corp. (OTC PINK: SIRC), Stock At $1.65 Yesterday, Is Committed To Clean Energy Sectors.
Emma Searson, Environment America’s Campaign Director, said, “Some people may be thinking that federal action is the best way to go, but we know that state leadership is the reason we can even imagine a clean energy future for all Americans today.” Specifically citing solar programs by state, she said that states have played an ‘outsized role’ in securing remarkable progress. As Renewable Energy Faces Challenges In Frigid Texas And Other Southern States, Environment America Launches 13 State Effort To Set 100% Clean Energy Mandates; Solar Integrated Roofing Corp. (OTC PINK: SIRC), Stock At $1.65 Yesterday, Is Committed To Clean Energy Sectors.
SIRC Committed To Clean Energy Sectors
David Massey, CEO of SIRC, recently announced the Company signed a binding LOI to acquire a company for its new dedicated EV Charging Station Division, Pacific Lighting Management, Inc. SIRC said it is targeting the end of February for the close of the purchase for the company — which offers several long term (IDIQ-type) government contracts with the General Services Administration (GSA and GSA Fleet). Its customers also include federal, state and local governments, school districts, hospitals and large commercial clients, the Company said. It is a cash-flow positive buy, SIRC said. It is based in Southern California, in Santa Ana. Learn more at http://www.pacltg.com/
He added, “Their strong relationships with government agencies, forged over 18 years of business, represent a unique, valuable opportunity for our growing portfolio of operating companies.” Pacific Lighting serves mainly government and large commercial clients. As Renewable Energy Faces Challenges In Frigid Texas And Other Southern States, Environment America Launches 13 State Effort To Set 100% Clean Energy Mandates; Solar Integrated Roofing Corp. (OTC PINK: SIRC), Stock At $1.65 Yesterday, Is Committed To Clean Energy Sectors.
SIRC recently closed on its purchase of another established clean energy solar installer, Enerev LLC. To learn more, go to https://www.enerevsolar.com/getting-started.
In addition to acquiring Enerev LLC and signing the binding letter of intent to buy Pacific Lighting for its new EV solutions divisionn, SIRC entered a new alliance with San Diego builders to enter the new home business in that market. It also reached agreement with Solectrac, Inc., an all-electric tractor developer and manufacturer located in Northern California. That company is now 24% owned by Ideanomics (NASDAQ: IDEX). and Solectrac is an applicant for a $500 million USTDA grant.
SIRC Up List Seen By Management
Brian Milholland, SIRC president, recently told Money TV’s host Donald Baillargeon that David Massey, SIRC CEO, told him that SIRC was completing the financials necessary for an initial up list by the end of February or early March. As the Company is doing that, it is at the same time continuing to grow its formidable footprint in the clean energy sector. As Renewable Energy Faces Challenges In Frigid Texas And Other Southern States, Environment America Launches 13 State Effort To Set 100% Clean Energy Mandates; Solar Integrated Roofing Corp. (OTC PINK: SIRC), Stock At $1.65 Yesterday, Is Committed To Clean Energy Sectors.
Over the past few weeks, SIRC stock (OTC Pink: SIRC) has seen volatile swings in its stock price, closing at $1.65 yesterday — outpacing the projections given to it in an updated Goldman Small Cap Research report.
Goldman Small Cap Research Sees A Bright Future For SIRC Stock
Goldman Small Cap Research in a analysis report explained that SIRC’s stock still has a lot to gain in valuation metric. “Thus, we believe that these shares (SIRC) could trade north of $1.00 and beyond in 2021, especially as new companies are brought into the SIRC family,” it concluded. Goldman Small Cap Research in the January report tripled its price target for Solar Integrated Roofing Corp. (OTC PINK: SIRC) to $0.75 for the next three-six months. But SIRC’s stock has already eclipsed that — trading at Tuesday’s close at $1.65, after a whirlwind week of volatile stock valuation. As Renewable Energy Faces Challenges In Frigid Texas And Other Southern States, Environment America Launches 13 State Effort To Set 100% Clean Energy Mandates; Solar Integrated Roofing Corp. (OTC PINK: SIRC), Stock At $1.65 Yesterday, Is Committed To Clean Energy Sectors.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Says It Will Reach $40 Million In FY 2022
Goldman likes the SIRC M&A strategy, entry into adjacent sectors, past record performance and partnership/agreement with the EV developer of all-electric tractors, which is an applicant for a $500 million USTDA grant. Saying that SIRC is expanding volume both organically and with acquisition growth, it projects SIRC sales at $19.8 million for FY 2021 and $38.5 million In FY 2022.
SIRC itself forecasts a volume of $40 million for FY 2022 — slightly north of the $38.5 million projected for it that year by the new Goldman report. Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), projects that its fast-track growth will generate revenues of $20 million for the FY ending February 28, 2021, almost precisely the $19.8 million estimated by the initial report.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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