How would You Grade President Biden’s Performance On Solar And Electric Cars And EV Charging Stations Alternative Energy So Far? Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar And Electric Cars/EV Charging Stations
How would you grade President Biden’s performance on solar and electric cars/EV Charging Stations alternative energy so far? He’s obviously done a better job on providing government funding tailwinds for electric cars and EV Charging Stations with $7.5 billion earmarked for that green energy initiative. In solar, some analyst say he talks a good policy game and set carbon-capture goals, but still has not achieved enough through tax incentives to stimulate the solar sector. Solar Integrated Roofing Corp. (OTC PINK: SIRC) likes the administration’s focus on green energy — would like grant funding to happen.
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).
How would You Grade President Biden’s Performance On Solar And Electric Cars And EV Charging Stations Alternative Energy So Far? Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar And Electric Cars/EV Charging Stations
The State of the Union address is traditionally a roadmap to the Administration’s following year of action . In alternative energy — Biden’s signature piece of legislation — the BuildBackBetter bill stalled. Electric car and EV Charging Station funding — important for SIRC — did become law, but financial support for solar is stalled in Congress. Biden has made lofty speeches about solar’s green goals, but proposed legislation has not yet become law.
If it is re-proposed it may have more teeth in a new form, but all that remains to be seen. How would You Grade President Biden’s Performance On Solar And Electric Cars And EV Charging Stations Alternative Energy So Far? Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar And Electric Cars/EV Charging Stations.
President Biden at this month’s State of the Union Address reaffirmed the U.S. federal government’s financial support for the electric car/truck market and its accompanying EV Charging Station infrastructure. In the midst of global price hikes for global oil — Brent Crude remains settled last night at the $105 per barrel cost level — Biden then re-committed to all-electric vehicles and EV Charging Station industries.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) management says it is refocusing its corporate efforts on EV Charging and just signed an LOI to acquire three complementary LA-based EV Charging station companies to add to its ownership of subsidiary PLEMCo’s activity in the EV Charging Station business.
SIRC is seeking to become the dominant player in the projected $28.4 billion by 2028 EV Charging Station industry. Solar Integrated Roofing Corp. (OTC PINK: SIRC) announced recently that it has signed an LOI to acquire three complementary LA-based EV Charging Installers with $100 million annually in the sales pipeline. David Massey, founder and CEO of SIRC, says closing on the transaction would mean an annualized sales run rate of $400+ million. It also means SIRC will refocus its efforts and pivot to the overwhelming EV Charging opportunity and better align with its planned corporate name change to SolarEV.
President Biden said that his administration’s plan for 500,000 EV Charging Stations nationally and investments by U.S. car companies such as General Motors (NYSE: GM) and Ford (NYSE: F) in electric vehicles are important to the future of America. He tied those to his administration’s planned investment in infrastructure improvements for roads and bridges.
He singled out the important role electric vehicles and nationwide network of 500,000 EV Charging Stations will make to the nation. For SIRC, that’s great news. How would You Grade President Biden’s Performance On Solar And Electric Cars And EV Charging Stations Alternative Energy So Far? Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar And Electric Cars/EV Charging Stations.
David Massey, founder and CEO of SIRC, says, “Electric vehicle charging is the next massive opportunity in our market, and this calculated alignment of our near-term focus will help to position SIRC as a clear national player in this space. The expanding EV charging market is being driven by the rapid adoption of electric vehicles nationwide — for example, the U.S. Energy Information Administration predicts there will be 7.5 million EVs on American roads by 2025.”
Massey adds, “To meet this expected surge in demand, just last week the Biden administration announced a plan to allocate $5 billion to states to fund electric vehicle chargers over five years as part of the bipartisan infrastructure package. This creates an absolutely immense opportunity for our family of companies nationwide.
Grand View Research reports that the U.S. electric vehicle charging infrastructure market size will increase from $2.1 billion in 2020 to $28.4 billion in 2028, a compound annual growth rate of 38.9%. With our proven success in solar, the EV charging market is opening the door for our company to capture dual-industry, synergistic avenues of growth.”
In addition, Massey says, “We are currently leveraging our vast network of nationwide installers to ramp sales efforts and capitalize on the exponential increase in demand. As of today, we have over $20.2 million in EV charging projects in our backlog with a further $30 million in the pipeline.”
He added, “I expect to further grow this through a recent LOI to acquire three complementary Los Angeles-based EV charging installers with over $100 million of contracts in their sales pipeline and the potential for significant additional growth in the quarters to come. After we close our announced acquisitions, I believe our sales run rate is likely to exceed $400 million annually.”
In solar, Biden has not been as successful legislatively. His BBB proposed bill is stuck in the Senate, especially now with inflation, rising gas prices and internationally the Russian invasion of Ukraine. The nation has little appetite for another multi trillion dollar green spending package.
How would You Grade President Biden’s Performance On Solar And Electric Cars And EV Charging Stations Alternative Energy So Far? Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar And Electric Cars/EV Charging Stations.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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