Ford (NYSE: F) Doubling Down On Production Of F-150 Electric Pickup Truck After Receiving 200,000 Buy Reservations Bodes Well For Electric Vehicles; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees 2022 Boom Market For Its EV Charging Station PLEMCo.,Subsidiary
Ford (NYSE: F) is doubling down on production plans for its F-150 ‘Lightning’ electric pickup truck after being overwhelmed by 200,000 confirming buy orders. That’s great news for multiple reasons for proponents of EV cars and trucks. For EV Charging Station installers, like Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., subsidiary, it confirms a booming industry ahead.
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), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), 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).
Ford (NYSE: F) Doubling Down On Production Of F-150 Electric Pickup Truck After Receiving 200,000 Buy Reservations Bodes Well For Electric Vehicles; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees 2022 Boom Market For Its EV Charging Station PLEMCo.,Subsidiary
Ford (NYSE: F) is now raising its production plans for the ‘Lightning’ to 150,000 annually. As a result, the company’s stock has tripled over the past 52 weeks and is now trading at levels it has not seen since 2001.
Insiders say that the Ford (NYSE: F) success with the production acceleration plan for the ‘Lightning’ 150 pickup truck is significant because it means it is able to translate the success of its gas-powered 150 pickup truck — its best-selling unit — to an electric market.
Here’s why:
- Wall Street investors see the immediate connection as the OEM vehicle manufacturer transfers its popular gas-powered 150 model and its electric ‘Lightning’ version. It has rewarded the market cap of its stock dramatically.
- Next, it means the acceptance by hate 250’s blue collar demographics of its electric version. Formerly, OEM manufacturers like Toyota downplayed EVs as an elite East Coast-West Coast phenomenon. Ford’s (NYSE: F) success with its ‘Lighning’ 150 documents the acceptance of all-electric vehicles by its Midwest buyers as well.
The 150 pickup truck has long excelled as a rough-and-tumble vehicle. Selling points are a rear bed that can handle construction equipment in the most difficult of terrains. The overwhelming 200,000 reservations dispel any myth that electric vehicles are dainty and only for the coastal elites.
That’s important and good news for EV Charging Station installers like SIRC’s PLEMCo., subsidiary. It appears that electric vehicles — which need charging station support — are here to stay. The sooner SIRC and competitors receive government contracts to build them, or partner with OEM EV makers, the better.
Tesla (NASDAQ: TSLA) stunned and excited the relatively new electric car industry when it reported Q3 record earnings of $1.6 billion and sales of $13.8 billion. How about its now-reported 87% surge in EV car deliveries last year. Consumers waited some 10 months for the company’s electric cars as it reached production of 936,000 units. Tesla now owns 56% of the electric charging market, as well. That’s why Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 Gains For Its EV Charging Station PLEMCo.,subsidiary.
Rivian’s (NASDAQ: RIVN) stages a successful $70 billion IPO late last year, and is now selling its RIT electric pickup truck.
General Motors (NYSE: GM) will not be out-done. It plans to introduce 30 all electric vehicle models globally by 2025, beginning with its first electric pickup truck being shown trade events— a competitor to Ford’s (NYSE: F) new ‘Lightning,’ an electric version of its best-selling ‘150’ pickup truck.
GM (NYSE: GM) is hoping to turn the same marketing genius as Ford (NYSE: F). This week GM was scheduled to introduce the electric version of the best-selling Chevrolet Silverado. It hopes like Ford to exhibit marketing magic — turning its best selling vehicle in North America into an electric one. It is scheduled to go on sale inn 2023 and compete with Ford’s ‘Lightning.’
All of this activity on the OEM electric vehicle front is also stimulating the market for EV Charging Stations. SIRC doesn’t make electric cars or trucks, but it can seize market share of the EV Charging Station market. Ford (NYSE: F) Doubling Down On Production Of F-150 Electric Pickup Truck After Receiving 200,000 Buy Reservations Bodes Well For Electric Vehicles; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees 2022 Boom Market For Its EV Charging Station PLEMCo.,Subsidiary.
At just 4% of the U.S. new car population, electric vehicles are still in their infancy. It remains a wide-open field for car makers a well as EV Charging Station installers. While other automakers exhibited only tepid manufacturing in 2021, Tesla (NASDAQ: TSLA) soared.
Tesla may be the most visible electric car company to most consumers, but Wall Street investors know better. They are betting on the Rivian IPO, startups like Foxconn, and the move by General Motors (NYS: GM) and Ford (NYSE: F) into all-electric cars and trucks in the near future.
The lack of branding — beside Tesla (NASDAQ: TSLA) — in the electric vehicle market is a positive thing for installers like SIRC’s PLEMCo., subsidiary. This is all so new for driving consumers, that SIRC and PLEMCo., can compete in the EV Charging Station industry without any concern over branding and name awareness.
They can install with their own name, licensed names or partner with an established brand. Consumers really don;t care — so long as EV Charging Stations are plentiful when drivers require them.
Electric car sales in the U.S. more than doubled in the 1st half of 2021with Ford (NYSE: F), General Motors (NYSE: GM) and foreign OEM makers, such as Mercedes-Benz, Volkswagen and BMW AG, setting aggressive, self-imposed deadlines of 2030 for all-electric model lines. EV Charging Stations — especially fast charging stations — are a key factor in supporting electric vehicle sales.
In all of this, America’s drivers will have little choice but to buy ‘electric’ by the end of this decade. Ford (NYSE: F) Doubling Down On Production Of F-150 Electric Pickup Truck After Receiving 200,000 Buy Reservations Bodes Well For Electric Vehicles; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees 2022 Boom Market For Its EV Charging Station PLEMCo.,Subsidiary.
SIRC’s PLEMCo., can play a major role in the sweetest spot of all — the EV Charging Industry that will support it all. Biden’s $1.2 trillion new law includes incentives of about $7.5 billion . But the EV industry cannot on its own force consumer sales. Potential EV buyers want to see more EV Charging Stations. SIRC’s PLEMCo., can help install them.
If Biden is to hit his goal of a government-owned fleet of 500,000 electric vehicles — and hit 2030 carbon pollutant-reduction goals — he will need EV Charging Stations. That’s great news for installers like SIRC and its PLEMCo. subsidiary.
Firms like Solar Integrated Roofing Corp. (OTC PINK: SIRC) are more bullish than ever on the future of its subsidiary PLEMCo.’s EV Charging Station business. To EV Charging Station players like SIRC’s PLEMCo., this industry has the tailwinds of government funding. SIRC itself is an applicant for about $100 million in grants to help build more EV Charging Stations.
David Massey, Chairman and CEO of SIRC, said that he remains hopeful that SIRC’s grants will be approved — but they remain in applicant mode for now.
SIRC is a proponent of an eco-system of green energy. The EV Charging Station sector is an important space for SIRC, in addition to its roofing, solar and rechargeable solar battery businesses.
Ford (NYSE: F) Doubling Down On Production Of F-150 Electric Pickup Truck After Receiving 200,000 Buy Reservations Bodes Well For Electric Vehicles; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees 2022 Boom Market For Its EV Charging Station PLEMCo.,Subsidiary.
To learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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