Brian Milholland, president of Solar Integrated Roofing Corp. (OTC PINK: SIRC), In TV Interview Praises ‘Robust’ Performance Of Recently Acquired Enerev LLC, Sees Long Term Opportunity For SIRC In Clean Energy EV Charging Stations Market
Brian Milholland, president of Solar Integrated Roofing Corp. (OTC PINK: SIRC), told Money TV with host Donald Baillargeon that he looks forward to incorporating the robust performance of recently acquired solar company Enerev LLC — driving higher SIRC’s installation and overall revenue numbers. He praised Enerev’s marketing and sales organization and existing culture and said that the company would remain based at its current headquarters for operations and installations and they will be handled in-house. “They have a lot of systems in place. They have a lot of connections that we are going to leverage to help increase our overall sales. We see a very robust company,” he said. The complete TV interview can be seen on Money TV with host Donald Baillargeon.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing 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), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPowerCorp. (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK) and Canadian Solar Inc. (NASDAQ: CSIQ).
Brian Milholland, president of Solar Integrated Roofing Corp. (OTC PINK: SIRC), In TV Interview Praises ‘Robust’ Performance Of Recently Acquired Solar Company Enerev LLC, Sees Long Term Opportunity For SIRC In Clean Energy EV Charging Stations Market
Milholland, president of SIRC, also commented on the recent run up in price of Solar Integrated Roofing Corp. (OTC PINK: SIRC) stock. He explained that investors are “finally getting to the point where they are actually evaluating our Company to where it needs to be, so we’re starting to realize actual value,” said Brian Milholland, president of Solar Integrated Roofing Corp. (OTC PINK: SIRC), In TV Interview Praises ’Robust’ Performance Of Recently Acquired Solar Company Enerev LLC, Sees Long Term Opportunity For SIRC In Clean Energy EV Charging Stations Market.
Setting The Stage For More Acquisitions
The Enerev LLC acquisition has set the stage for more of the same growth-by-acquisition strategy. SIRC has been successful and aggressive in buying companies in adjacent clean energy spaces. Milholland said that SIRC has entered the EV charging station space and seeks to acquire companies that bring it to the “next level and hit the ground running.”
“We want to add to our portfolio and target EV companies which already have the accounts and engineering in place,” Milholland said. He predicted that EV charging stations would grow tremendously. “We want to expand into the commercial route, also, and go into public and private EV charging stations” he explained on Money TV with host Donald Baillargeon. Brian Milholland, president of Solar Integrated Roofing Corp. (OTC PINK: SIRC), In TV Interview Praises ’ Robust’ Performance Of Recently Acquired Solar Company Enerev LLC, Sees Long Term Opportunity For SIRC In Clean Energy EV Charging Stations Market.
Regarding the Company’s planned up listing, he commented on SIRC’s active movement to get financial requirements ready. “We’re down to the final items they are requesting. It really rolls together for a number of companies, and it is a combined audit, for multiple time periods. We’re doing all the final pieces and expect to have everything completed by the end of February.” And then the up listing is planned? “That’s the idea, right, continued growth,” he said. “There’s a lot to it.”
Milholland: “The Sky’s The Limit”
In terms of politics and the current administration’s pro clean energy strategy for solar, wind and energy battery storage, the need for greater energy efficiency is realized, Milholland said, “The sky’s the limit for all of those things.” Brian Milholland, president of Solar Integrated Roofing Corp. (OTC PINK: SIRC), In TV Interview Praises ’Robust’ Performance Of Recently Acquired Solar Company Enerev LLC, Sees Long Term Opportunity For SIRC In Clean Energy EV Charging Stations Market.
Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) cash and stock transaction to buy solar energy company Enerev, LLC is expected to add $2 million monthly to SIRC’s run rate by late 2021.
David Massey, CEO of SIRC, Said Acquisition Of Enerev LLC Will Open Cross-Selling Opportunity
“Enerev’s business, built on a long legacy of good business practices, provides an exciting cross-selling opportunity for our full complement of products and services across solar, battery backup installation, roofing and related HVAC/electrical contracting work,” David Massey, CEO of SIRC said. He added, “We look forward to adding the Enerev team to the Solar Integrated Roofing family as their no-cost, direct door to door marketing, is a perfect fit for Solar Integrated Roofing.”
9,000 Solar Energy System Installations
Solar Integrated Roofing Corp. (OTC PINK: SIRC) and Enerev, LLC are in the soaring solar business. SIRC, an integrated single source roofing systems installation company, has grown quickly with organic growth and expansion by acquisition. Enerev has completed more than 9,000 solar energy system installations in residential and commercial properties in California.
SIRC has moved into multiple revenue sources of clean energy. This includes its core of solar roofing, installing solar storage batteries and an entry into new home developments alongside several San Diego builders in California where solar installations are mandated in new homes. SIRC also reached a new partnership/agreement with the EV developer of all-electric tractors. SIRC reached a new agreement with Solectrac, Inc., an electric tractor developer and manufacturer located in Northern California. The company is now 24% owned by Ideanomics (NASDAQ: IDEX). Solectrac is an applicant for a $500 million USTDA grant.
SIRC Shares Seen As Trading North Of $1.00 And Beyond In 2021
Goldman Small Cap Research in an updated report of January 4, 2021, 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 new report tripled its price target for Solar Integrated Roofing Corp. (OTC PINK: SIRC) to $0.75 for the next three-six months after it blew past the previous price target Goldman set only last month. SIRC stock did just that already in the past few days, trading at above the $2 level.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) “Hitting On All Cylinders”
Goldman likes the volume drivers for SIRC: the M&A strategy, entry into adjacent sectors, past record performance and partnership/agreements. Saying that SIRC is “hitting on all cylinders,” 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. Similarly, Massey 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 Solar Integrated Roofing.com (OTC PINK: SIRC).
Source: Stock Market Press
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