Oil Hits Eight Year High And Russia-Ukraine War Talk May Drive It Higher, So Electric Car Industry Profile Is Rising As Crude Oil Settles At $95 Last Night; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Sees Opportunities Ahead In Electric Cars And EV Charging Stations

Posted February 15, 2022

In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: EVGO, NASDAQ: FSLR, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NYSE: CHPT, NYSE: F, NYSE: GM, NYSE: SPRQ, NYSE: TM, OTC PINK: SIRC

Last night crude oil per barrel settled at $95 per barrel — the highest in eight years. War talk between Russia—Ukraine may only drive it higher. As gasoline prices spike, electric cars seem more logical buys from a financial perspective. As more OEM brands build fleets of electric cars/trucks, the business outlook for EV Charging Stations brightens. Solar Integrated Roofing Corp. (OTC PINK: SIRC) through its PLEMCo. subsidiary plans to be a major player in that electric vehicle offshoot industry

stockmarketpress.com features specialized coverage of related stocks in the so- lar, 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), Sun- Power (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

Oil Hits Eight Year High And Russia-Ukraine War Talk May Drive It Higher, So Electric Car Industry Profile Is Rising As Crude Oil Settles At $95 Last Night;Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Sees Opportunities Ahead In Electric Cars And EV Charging Stations

Global crude oil was already rising even before the Russian-Ukraine war talk. If that should actually happen, there’s no telling where crude oil prices will reach. Energy analysts at JP Morgan and other financial houses predict $125 per barrel and higher oil by mid-summer this year.

The pricing result would be catastrophic for car/truck drivers. But it would provide electric vehicles as a lower cost operating alternative. It would mean an immedi- ate catalyst for sales of electric vehicles and a nationwide network of EV Charg- ing Stations.

That bodes well for SIRC’s PLEMCo. and its EV Charging Station business. Oil Hits Eight Year High And Russia-Ukraine War Talk May Drive It Higher, So Elec- tric Car Industry Profile Is Rising As Crude Oil Settles At $95 Last Night; Solar In- tegrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Sees Opportunities Ahead In Electric Cars And EV Charging Stations.

President Biden has done all he can to harm the fossil fuel oil and gas industries domestically — from eliminating oil pipelines to eliminating oil and gas leases on federally-owned land. The result is simple supply and demand. With demand higher now post-Covid, supply is overwhelmed and prices are skyrocketing at the wholesale and consumer retail levels.

Add in the impending invasion of Ukraine by the Russians, and energy prices can only go higher. Electric cars will benefit from that for all the wrong reasons. Oil Hits Eight Year High And Russia-Ukraine War Talk May Drive It Higher, So Elec- tric Car Industry Profile Is Rising As Crude Oil Settles At $95 Last Night; Solar In- tegrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Sees Opportunities Ahead In Electric Cars And EV Charging Stations.

Here are some catalysts:

Ford (NYSE: F), General Motors (NYSE: GM) Toyota (NYSE: TM), Nissan and all the European brands,such as BMW, Volkswagen, Mercedes, and others. Even Toyota — the slowest to join electric car believers — has joined the elec- tric car
OEM electric car makers are increasingly partnering with electric car makers. This is a significant opportunity for EV Charging Station companies to brand with OEM car
Research studies cannot keep up with the growth. Electric charging stations are projected to reach $111.90 Billion by 2028 with a 30.26% CAGR jump, says Fortune Business

Add it all up and it spells opportunity. For OEM electric car makers, electric truck manufacturers. And EV Charging Station firms, such as SIRC’s PLEMCo.

EV Charging Station installers, like SIRC’s PLEMCo., see the opportunities ahead. As a result, they are bidding for government RFP contracts.

SIRC is also an applicant for some $80 million in new government federal dollars to help build more EV Charging Stations. Oil Hits Eight Year High And Russia- Ukraine War Talk May Drive It Higher, So Electric Car Industry Profile Is Rising As Crude Oil Settles At $95 Last Night; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Sees Opportunities Ahead In Electric Cars And EV Charging Stations.

SIRC’s other advantage is that its installers are already performing solar work in the home — where some 80% of EV charging takes place, the government says.

The Federal government is providing tailwinds under its newly-passed ‘In- frastructure’ Biden administration bill. But that $1 trillion bill with incentives of about $7.5 billion for the EV industry cannot on its own force consumer sales. More EV Charging Stations are needed — and they need to be seen in high pro- file locations.

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 to fund the build- ing of more EV Charging Stations. That’s great news for installers like SIRC and its PLEMCo. subsidiary.

Oil Hits Eight Year High And Russia-Ukraine War Talk May Drive It Higher, So Electric Car Industry Profile Is Rising As Crude Oil Settles At $95 Last Night; So- lar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Sees Opportunities Ahead In Electric Cars And EV Charging Stations

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

governance/leadership/.

Source: Stock Market Press

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Ruchika Gupta

Ruchika Gupta is a writer for Stock Market Press, covering technology, energy, cannabis, finance, biotech and industrials, among other sectors. She holds a maters's degree in English and produces financial and business content for a range of media outlets.