Cybersecurity Takes Top Priority In Solar As It Remains Vulnerable Via Inverters As Hackers Currently Demand $70 Million Ransomware Payment In Newest Attack On Multiple Businesses; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Its Share In Renewable Energy Solar

Cybersecurity remains a threat to solar through its inverters. Hackers are active in energy — think of the Colonial Pipeline and the newest $70 million demand for ransomware as hundreds of businesses were hacked — solar is vulnerable, even residential for those who are completely off the energy grid. Hackers may initially focus on hitting utility-scale power plants, but residential owners of solar could be impacted by internet, energy storage systems and inverters installed to manage the DC energy converted by rooftop solar panels, according to site EnergySage. Solar Integrated Roofing Corp. (OTC PINK: SIRC), roofing and solar installation specialist, remains bullish on solar as a key renewable energy sector.

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).

Cybersecurity Takes Top Priority In Solar As It Remains Vulnerable Via Inverters As Hackers Currently Demand $70 Million Ransomware Payment In Newest Attack On Multiple Businesses; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Its Share In Renewable Energy Solar

Large scale commercial energy plants operating on solar may be primary targets, but owners of residential solar may want to be cautious in their inverter systems, software that manages energy in the home, Internet of Things (IoT) software that communicates with other devices and can be hacked. Solar residential owners may believe they are immune because they are storing energy and operating off the electrical grid — but they should remain on guard from the ransom hackers. Colonial Pipeline was never actually attacked — but its software was for multi-million ransomware through cryptocurrency.

Sophisticated software and technology will drive solar in the future, according to a study by Frost & Sullivan, such as Drones,  IoT, Virtual Reality, Machine Learning softener and Cloud Computing. These and more may provide efficiency and offer site inspection speed and safety, but they also may make residential solar sophisticated software operating systems more vulnerable to a large scale ransomware hacker attack. For a $70 million payday, hackers may be motivated to attack residential as well a commercial solar. Cybersecurity Takes Top Priority In Solar As It Remains Vulnerable Via Inverters As Hackers Currently Demand $70 Million Ransomware Payment In Newest Attack On Multiple Businesses; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Its Share In Renewable Energy Solar.

Future Home Power Acquisition Drives Multi-Million $ Solar Sales At SIRC

Solar sales at Solar Integrated Roofing Corp. (OTC PINK: SIRC) are being driven by its latest acquisition, Future Home Power. Massey, CEO of SIRC, said he sees Future Home Power as a business development arm for SIRC, driving sales. David Massey, CEO of SIRC, sees Future Home Power rapidly scaling to volume of some $1+ million per week at a 45%+ gross margin and acting as a “major growth driver’ for other SIRC subsidiaries, which can then complete the on-site contracting work once the sale is complete. The goal is to capture the full lifecycle value of each customer. The sales volume of $1+ Million per week would be incremental to SIRC at 45%+ gross margins.

FHP is delivering as promised. It recently achieves a $700,000 sales record in a single day. By itself acquiring more solar sales representatives, According to Jason Newby, CEO of SIRC-acquired FHP, the Company is now recording weekly sales sometimes approaching $1.5 million. He foresees his company doubling the number of its reps at 200 by next summer as it grows. The average price per close at FHP is now about $30,000 each, he told Money TV host Donald Baillargeon. Cybersecurity Takes Top Priority In Solar As It Remains Vulnerable Via Inverters As Hackers Currently Demand $70 Million Ransomware Payment In Newest Attack On Multiple Businesses; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Its Share In Renewable Energy Solar.

San Diego-based Future Home Power specializes in the sales of residential solar panels as well as battery storage — partnering with local installers to finalize on site installation. Massey added, “Future Home Power is a true up and comer in the solar and battery storage business.”

Frost & Sullivan, as reported by PV Magazine, anticipates that use of higher technologies will play a larger role in the growth of renewable green energy solar and wind. Frost & Sullivan concluded that mobile solutions are flexible and efficient, available at all times anywhere — saving on travel costs and providing optimum safety to technicians — yet it could make solar and its energy saving power energy storage systems more vulnerable to being the target of hackers.

The Biden Administration is pro-green energy, especially in solar and wind, but it saw long gas lines form quickly on the East Coast when Colonial was hacked. Cybersecurity Takes Top Priority In Solar As It Remains Vulnerable Via Inverters As Hackers Currently Demand $70 Million Ransomware Payment In Newest Attack On Multiple Businesses; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Its Share In Renewable Energy Solar.

The outlook for solar is great. New studies by Wood Mackenzie/Solar Energy Industries Association and ReportLinker report that solar is spiking. Solar installations jump 46% in Q1 2021, and set to hit a 24% high for this full year, according to research firm Wood Mackenzie and the Solar Energy Industries Association and reported by Reuters. Additionally, research firm ReportLinker in a new study predicts 13.78% CAGR growth for solar through 2026.

Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Sales Jump 87% In FY2021 To A Record $17.1 Million

Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) fiscal performance for FY 2021 was an 87% jump in volume to $17.1 million. The company also reaffirmed its $100 million guidance for the 12 months ended May 31, 2022 and David Massey, SIRC CEO, said he expects the company to “reach profitability” in FY2022. SIRC also reported that its gross profit increased in FY2021 and its operating expenses dropped in FY2021 as a percentage of total sales compared to the period the prior fiscal year. The bullish future guidance on volume and profitability reflects, in part, the upbeat future of solar.

Goldman Small Cap Research, based on the future of that performance, recently raised its six month target price on Solar Integrated Roofing Corp. (OTC PINK: SIRC) stock by 40% to $1.05 and projects that SIRC can reach $1.50+ per share within a year. The bullish newest Update ‘Opportunity Research’ report believes SIRC will continue to grow by acquisition and predicts that its initial up list will take place in the second half of 2021 and a potential move to NASDAQ, which would enhance liquidity and shareholder value, could take place next year.

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

Source: Stock Market Press

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