China May Have 80% Share Of World’s Solar Panel Business, But John Kerry Tells Congress That Biden Is Considering Targeting China With New Sanctions Over Solar Panel Labor And Sourcing; David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Said SIRC Uses U.S.-Made Solar Panels And Roofing
John Kerry, Special Envoy On Climate, testified to Congress that the Biden Administration may impose new sanctions on China over its solar panel labor and sourcing significant amounts of rare earth materials plus other human rights concerns over renewable energy components. China owns 80% of the world market share in solar panel production and such a sanction move would impact other companies around the world. David Massey, CEO of Solar Integrated Roofing Corp.(OTC PINK: SIRC), said SIRC uses American-made solar panels and roofing — basically choosing to pay higher prices for better quality materials.
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), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
China May Have 80% Share Of World’s Solar Panel Business, But John Kerry Tells Congress That Biden Is Considering Targeting China With New Sanctions Over Solar Panel Labor And Sourcing; David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Said SIRC Uses U.S.-Made Solar Panels And Roofing
Kerry testified to Congress that the Biden Administration is considering sanctions due to alleged forced labor and use of certain rare earth materials. Kerry testified, “It is my understanding that the Biden administration is right now in the process of assessing whether or not that would be the target of sanctions.” China May Have 80% Share Of World’s Solar Panel Business, But John Kerry Tells Congress That Biden Is Considering Targeting China With New Sanctions Over Solar Panel Labor And Sourcing; David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Said SIRC Uses U.S.-Made Solar Panels And Roofing.
John Kerry testified, “The best thing we could do is be more competitive” when it comes to China’s dominance in the field of climate-friendly tech, he said. Other countries are “cornering the market on that — why aren’t we?” according to a report by Associated Press.
Companies such as Panasonic are impacted by China and closing its production of Photovoltaic products, such as modules (solar panels), in factories including Malaysia and Shimane Prefecture, Japan. Experts asserted Panasonic (OTC: PCRFY) was exiting the solar panel business, but the company said it would continue to market outsourced photovoltaic modules in North America and Japan. It said it remains committed to energy solution businesses such as photovoltaic modules, inverters, storage batteries and EV chargers.
According to media sources such as Forbes and the New York Times, China controls 80% of the world’s production of solar panel modules — leaving countries in the West vulnerable to its dominant market share in green renewable energy.
Earlier, David Massey, SEO Of SIRC, told investors at the Planet MicroCap virtual conference that his company uses American-made solar panels and roofing materials. Massey answered a Q&A questioner, “We try to do everything American-made.” He asserted that American-made solar and roofing materials are better quality — even though they may cost more. China May Have 80% Share Of World’s Solar Panel Business, But John Kerry Tells Congress That Biden Is Considering Targeting China With New Sanctions Over Solar Panel Labor And Sourcing; David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Said SIRC Uses U.S.-Made Solar Panels And Roofing
SIRC Signs A Binding Letter Of Intent To Acquire Future Home Power, A Fast-Growing Solar And Battery Storage Sales Company
SIRC this week, to bolster its solar business, signed a binding letter of intent (LOI) continuing its renewable energy buying spree and is set to acquire Future Home Power, a fast-growing solar and battery storage sales company. SIRC says Future Home Power is capable of scaling to $1+ million weekly sales at 45%+ gross margins as early as June 2021. SIRC also says the acquisition will be immediately accretive and those sales will be incremental to SIRC. David Massey, CEO of SIRC, said Future Home Power is expected to be a “major growth driver” for other Solar Integrated Roofing Corp. (OTC PINK: SIRC) subsidiaries and would serve as SIRC’s “business development arm,” driving a robust project flow for installers already working for the company’s portfolio of roofing and solar firms.
Massey said, “Management believes that based on historical performance and with the new additions, Future Home Power can scale to a $1+ million per week sales flow, acting as a major revenue driver for other SIRC subsidiaries who can complete the on-site contracting work once the sale is complete.” China May Have 80% Share Of World’s Solar Panel Business, But John Kerry Tells Congress That Biden Is Considering Targeting China With New Sanctions Over Solar Panel Labor And Sourcing; David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Said SIRC Uses U.S.-Made Solar Panels And Roofing.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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