Ideanomics (NASDAQ: IDEX) Plans Another $1.3 Million Investment In Clean Energy Electric Tractor Maker Solectrac, Inc., Raising Its Stake To 22%; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs Agreement To Supply Solar Panels And More To Solectrac, Inc., Applicant Of $500 Million USTDA Grant

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Electric tractors and alternative energy farm equipment are the next trend in a booming $75 billion global tractor business. California-based Solectrac, Inc., is scheduled to receive another $1.3 million investment from Ideanomics (NASDAQ: IDEX), raising its stake to an after-money closing 22%. Solar Integrated Roofing Corp. (OTC PINK: SIRC) last week signed an agreement to supply solar panels, electric storage and power devices to existing and new customers and grants, where applicable, to Solectrac. In addition, Solectrac is an applicant of a $500 Million USTDA Grant

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), Ideanomics (NASDAQ: IDEX), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPowerCorp. (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK) and Canadian Solar Inc. (NASDAQ: CSIQ).

Ideanomics (NASDAQ: IDEX) Plans Another $1.3 Million Investment In Clean Energy Electric Tractor Maker Solectrac, Inc., Raising Its Stake To 22%;  Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs Agreement To Supply Solar Panels And More To Solectrac, Inc., Applicant Of $500 Million USTDA Grant

Expected to close in the coming weeks, the additional $1.3 million investment by Ideanomics (NASDAQ: IDEX) into Solectrac will increase its stake in the company to 24%, which will after-money closing is expected to drop to 22%, the company said. Clean or alternative energy farm equipment globally is growing quickly in a $75 billion global tractor industry — replacing diesel equipment which pollutes the worldwide environment.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) last week signed an agreement to provide solar panels, power devices and installation with electric tractor maker Solectrac, Inc. Solectrac is also an applicant of a $500 Million USTDA  (United States Trade And Development Agency grant). The agreement calls for SIRC to supply solar panels and related power devices and installation services to Solectrac’s existing and new customers and applicable grant projects.

This represents yet another new clean energy revenue stream for Solar Integrated Roofing Corp. (OTC PINK: SIRC). According to Ideanomics (NASDAQ: IDEX), there are some 50 million farms globally. The market globally for agricultural tractors is about $75 billion, with the North American tractor market projected to reach $20 billion by 2023, it said. Investors are speculating whether electric tractors are the next EV growth market. Ideanomics (NASDAQ: IDEX) hopes that its investments will help Solectrac, Inc., scale into the fast-growing eUtility market. Solectrac currently has three all electric 100-battery powered tractors and a fourth in the design stage.

Solectrac An Applicant For a $500 Million USTDA Grant

Solectrac, Inc. is an applicant for a $500 million USTDA grant. The USTDA is an independent agency of the United States government. The company is seeking to expand its share of their market opportunities by developing a 70 HP-equivalent utility model and a 40 HP row crop model, the company said.  Ideanomics (NASDAQ: IDEX) Plans Another $1.3 Million Investment In Clean Energy Electric Tractor Maker Solectrac, Inc., Raising Its Stake To 22%;  Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs Agreement To Supply Solar Panels And More To Solectrac, Inc., Applicant Of $500 Million USTDA Grant.

SIRC Combining Its Solar Technology With Solectrac’s Farming Equipment

David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), said, “Melding our solar technology with Solectrac’s farming equipment will bring significant growth and benefit to this multi-billion-dollar industry. We look forward to working with Solectrac, bringing much needed efficiency and savings to the strained agricultural markets.”  Ideanomics (NASDAQ: IDEX) Plans Another $1.3 Million Investment In Clean Energy Electric Tractor Maker Solectrac, Inc., Raising Its Stake To 22%;  Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs Agreement To Supply Solar Panels And More To Solectrac, Inc., Applicant Of $500 Million USTDA Grant.

SIRC Adds To Its Multiple Revenue Streams

On an aggressive growth campaign with acquisitions and entry into new and related business industries. SIRC is entering sales and installation of HVAC, it also signed a joint venture with Enerev, LLC, and it will enter the new home market in an agreement with several San Diego, California builders to install solar roofing and systems. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs Agreement  To Supply Solar Panels And Related Equipment To Electric Tractor Manufacturer Solectrac, Inc., Applicant Of $500 Million USTDA Grant.

SIRC Installs Tesla’s Powerwall line of lithium-ion solar batteries

Additionally, SIRC is now cross-selling of solar energy batteries. It sells and is a certified installer of the Tesla (NASDAQ: TSLA) solar roofs and Powerwall line of lithium-ion solar batteries. It recently joined Tesla (NASDAQ: TSLA) again when it announced its entry into the EV Charging Station market, for both residential  and commercial. It is also expanding its footprint into more states out of its home base in California. It has entered New Mexico in partnership with solar installer SunPower Corporation as its premier dealer.

SIRC Goals: Market Up List, Larger National Footprint And Expansion Into more Fast-Growth Related Businesses

SIRC projects that its volume will report a record breaking $40+ million in fiscal 2022 revenues, ending February 28, 2022. Solar Integrated Roofing Corp. (OTC PINK: SIRC) forecast that it would report record volume of $20 million for FY 2021, ended February 28, 202.

Wide Ranging Solar Opportunities

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is thriving in the wide ranging world of solar opportunities and has its eyes on a national footprint and an up listing to the NASDAQ SmallCap stock exchange. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Sales Projected To Reach $38.5 Million In FY 2022, $90 Million In FY 2023 At Substantial Positive Profit In Both Years; $0.25 Price Target Set For 3-6 Months: Goldman Small Cap Research.

Learn more about Solar Integrated Roofing Corp. (OTC PINK: SIRC) at its website. Refer to Solectrac, Inc., to learn more at Solectrac.com

Source: Stock Market Press

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