Oil Prices Surge Again Yesterday To 14 Year Highs As Experts Foresee $100-Barrel And Shortages Ahead For Winter; To Solar Integrated Roofing Corp. (OTC PINK: SIRC) High Energy Costs Touch Every Part Of Business: Solar, Solar Re-chargeable Battery Systems And EV Charging Systems For Electric Cars

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

Oil prices surged again yesterday to 14-year highs and settled green last night at WTI Crude $81.71 barrel and Brent Crude At $84 barrel. Experts — and even Russian President Vladimir Putin, no less — foresee $100 barrel or higher prices plus shortages this winter in North America and Europe. Fossil fuel energy prices touch Solar Integrated Roofing Corp. (OTC PINK: SIRC) in every aspect of its business: solar, solar rechargeable battery systems, EV Charging Systems and roofing materials.

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).

Oil Prices Surge Again Yesterday To 14 Year Highs As Experts Foresee $100-Barrel And Shortages Ahead For Winter; To Solar Integrated Roofing Corp. (OTC PINK: SIRC) High Energy Costs Touch Every Part Of Business: Solar, Solar Rechargeable Battery Systems And EV Charging Systems For Electric Cars

Sharply higher oil prices will trigger a global rush to more alternative energy sources — such as solar and accompanying rechargeable solar battery systems —plus electric cars and EV Charging Systems. In roofing, high oil prices impact the cost of asphalt shingles.

The price and availability of oil/gas is spiraling out of control. Oil experts — and even Russian President Vladimir Putin —see $100 barrel oil ahead. OPEC and Saudi Arabia has turned down President Biden’s request to pump more oil into the U.S. economy. Everywhere the U.S. looks globally, oil prices are rising fast and shortages are developing in supply lines already. That means a rush to solar and electric cars is here.

The direct connection between solar, electric cars and roofing shingles impact all of SIRC’s businesses, often in a positive way. Alternative energy systems such as solar is already growing — but the flight to solar to beat higher electric grid prices — and the prospect of shortages ahead only intensifies the trend to solar.

Electric cars, which require electric charging stations, are more directly impacted. To beat rising gas prices, consumers will increase the rush to EV vehicles and require more EV Charging Stations now. EVs now make up only 3% of all new cars sold nationally this year. The spike in gas prices will accelerate the trend to buy electric vehicles.

Roofing, especially asphalt shingles, will have an impact on pricing because oil is a substantial part of the product. Oil Prices Surge Again Yesterday To 14 Year Highs As Experts Foresee $100-Barrel And Shortages Ahead For Winter; To Solar Integrated Roofing Corp. (OTC PINK: SIRC) High Energy Costs Touch Every Part Of Business: Solar, Solar Rechargeable Battery Systems And EV Charging Systems For Electric Cars.

In a recent interview, Pablo Diaz, CEO of SIRC subsidiary USA Solar Networks, said that Biden’s proposed Infrastructure Bills would touch every part of SIRC’s businesses — from solar to electric charging. The same is true of higher oil & gas energy prices. Roofs will cost more and there will be an intense trend demand for alternative energy sources, such as solar, and electric cars — which need EV Charging Stations.

Solar energy and batteries plus electric cars were already trending before all this. Higher energy prices will intensify the growth of alternative energy and result in a faster expansion for the industries in which SIRC participates. Higher fuel costs now will speed the growth of alternative energy.

As oil and gas prices keep rising, consumers also see a spike in costs for food, gasoline and shortages now and ahead in consumables — from electronics to toys. SIRC keeps growing as its subsidiary families now operate in some 40 states and cross-sell energy solutions for residential and commercial customers.

Meanwhile, SIRC keeps growing, delivering record sales and increasingly its future is well positioned in alternative energy within a green eco-system. SIRC management has set its sights of an up listing up to the OTCQB Exchange later this year and then to the NASDAQ in calendar 2022. Oil Prices Surge Again Yesterday To 14 Year Highs As Experts Foresee $100-Barrel And Shortages Ahead For Winter; To Solar Integrated Roofing Corp. (OTC PINK: SIRC) High Energy Costs Touch Every Part Of Business: Solar, Solar Rechargeable Battery Systems And EV Charging Systems For Electric Cars.

SIRC reported preliminary and unaudited  sales of $25 million for Q2, the three months ended August 31, 2021. SIRC also reaffirmed its guidance for $100 million in sales for the 12 months ended May 31, 2022.

Dave Massey, chairman/CEO of SIRC, said, “The second quarter of fiscal 2022 was highlighted by strong organic growth from our complementary solar, roofing and EV charging brands that drove record sales numbers. Notably, the quarter’s sales figures do not include a full quarter of revenue at scale from Future Home Power (FHP) or USA Solar Network.”

Massey added, “Our results, in combination with our share buyback program, are increasing our capital markets momentum towards audit completion and filing an application to become listed on the OTC Market’s OTCQB® Venture Market in the near term, with the goal of up listing to the NASDAQ thereafter.”

Earlier, David Massey, Chairman and CEO of SIRC, said the company is growing by acquisitions as well as internally-generated or organic growth. “The acquisitions drove annual revenues (last fiscal year) to a record $17.1 million and set us on a course to achieve at least $100 million in the twelve months ended May 31, 2022.”  He also said SIRC expects to achieve profitability in FY 2022.

Oil Prices Surge Again Yesterday To 14 Year Highs As Experts Foresee $100-Barrel And Shortages Ahead For Winter; To Solar Integrated Roofing Corp. (OTC PINK: SIRC) High Energy Costs Touch Every Part Of Business: Solar, Solar Rechargeable Battery Systems And EV Charging Systems For Electric Cars.

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

Source: Stock Market Press

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