Rivian Ready To ‘Electrify’ Markets With $60 Billion IPO Next Week As It Raises Profile Of Electric Cars And EV Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Growing Its EV Charging Station Business


Get ready because Rivian will hit Wall Street with a $60 billion valuation IPO next week. It already started its investor roadshow tour this week. As its IPO takes center stage next week, it will further raise the profile — perhaps even higher than Tesla (NASDAQ: TSLA) — of electric cars and EV Charging Stations. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is growing its EV Charging Station business through subsidiary PLEMCo.

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).

Rivian Ready To ‘Electrify’ Markets With $60 Billion IPO Next Week As It Raises Profile Of Electric Cars And EV Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Growing Its EV Charging Station Business

Rivian is already the darling of Wall Street. It will have an opening price point per share of $57-$62. Its launch vehicle is a pickup truck and its largest shareholder is — wait for it — Amazon. Amazon has a 20% stake in Rivian, it disclosed last week. Ford (NYSE: F) will make a potential $6 billion windfall on this IPO. But eventually it may lose more than that competing with Rivian’s vehicles, according to The Wall Street Journal.

It’s early for Rivian. It only began delivering production electric vehicles in the three months ended September 30. In fact, it’s still early for the whole EV market — electric cars make only 3% of the new car population today.

Electric car sales in the U.S. are soaring, more than doubling in the 1st half of 2021. Ford (NYSE: F), General Motors (NYSE: GM) and foreign OEM makers, such as Mercedes-Benz, Volkswagen and BMW AG, are setting 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.

Luxury maker Lucid Group went public through a merger with a SPAC company in July and was valued at $60 billion last week. Rivian, in a filing, says it will launch three electric vehicle models by year’s end.

At General Motors (NYSE: GM) the competitive damage could be worse than at  Ford. Rivian is expected to raise some $7.7 billion from its investors. Ford’s electric version of its best-selling 150 pickup truck will start deliveries next spring.

GM is all-in on electric vehicles. General Motors (NYSE: GM) plans to introduce 30 all electric vehicle models globally by 2025, beginning with its first electric pickup truck being shown at trade events— a competitor to Ford’s (NYSE: F) new ‘Lightning,’ an electric version of its best-selling ‘150’ pickup truck. The ‘Lightning’ already has 150,000 non-binding buy reservations.

Rivian will out-design the market with an eye-catching splashy sporty sedan. While GM and Ford continue to electrify their traditional pickups and SUVs, Rivian will be a well-funded head turner. Tesla (NASDAQ: TSLA) leads the electric pack for now, in both electric vehicles and proprietary EV Charging Stations, but its cars may be technically superior but design-less. They are ‘vanilla’ looking but well designed EV vehicles.

In all of this, the importance of the EV Charging Station support industry may be lost. But to overcome range-anxiety potential buyers, the home and street EV Charging Station population must be high enough to be high profile and relax the EV customer.  Rivian Ready To ‘Electrify’ Markets With $60 Billion IPO Next Week As It Raises Profile Of Electric Cars And EV Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Growing Its EV Charging Station Business.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is competing in an EV Charging Station industry that’s still in the early Wild West stage. Tesla (NASDAQ: TSLA) may dominate the EV Charging Station industry worldwide, but remember that it is a proprietary unit.

The advantage of SIRC and its PLEMCo. subsidiary is that 80% of all electric car charging is done in the home. To install a dedicated plug or unit in a residence, SIRC has the advantage of working in the home already in its core businesses: solar, roofing and rechargeable solar batteries.

SIRC is also an applicant for some $100 million in government grants to build more EV Charging Stations in the future. According to Pablo Diaz, CEO of SIRC subsidiary USA Solar Networks, PLEMCo. is overwhelmed with RFP’s for government projects in its EV Charging Station pipeline.

David Massey, Chairman and CEO of SIRC, said that he remains hopeful that the government grants will be approved — but they remain in applicant mode for now. Passing the Infrastructure package is critical to SIRC because some EV Charging gas stations and convenience stores are balking at spending some $100,000 apiece for fast-chargers in a world where electric cars make up only about 3% of all U.S. new car sales today.

The EV Charging Station industry, supporting the electric car industry, is seen as a sweet spot in the future. GM’s goal is $280 billion by 2030 in electric cars, as it partners with EV charging company EVgo (NASDAQ: EVGO) for the installation of fast chargers. EVgo may have the inside track to install 2,500 chargers for GM by the end of 2025, but it spells opportunities for others.  Rivian Ready To ‘Electrify’ Markets With $60 Billion IPO Next Week As It Raises Profile Of Electric Cars And EV Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is  Growing Its EV Charging Station Business.

SIRC sees a positive future in EV Charging Stations in the future. SIRC’s focus is on this green sector as it grows. Stock analysts say successful and passed Infrastructure Legislation could mean higher prices for EV Charging stocks, such as ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO) And Blink Charging (NASDAQ: BLNK). The positive result would not be any different for SIRC.

Chrysler-owned Stellantis is teaming with LG.  The Stellantis-LG joint venture plans to spend on a new battery plant, but would not say how much they are spending on it, only that it would produce batteries with a combined output of up to 40 gigawatt hours — enough to supply hundreds of thousands of EVs. Note the current Chip shortage. This is an EV company willing to invest in its own  component supply chain.

Tesla (NASDAQ: TSLA) stunned and excited the rest of the electric car industry when it announced its Q3 record earnings of $1.6 billion and sales of $13.8 billion. Tesla, the leading EV vehicle OEM manufacturer, additionally owns 56% of the electric charging market. The Q3 financials prove that electric cars manufacturing can be profitable — supported by the largest EV Charging Station network globally.

An additional electric vehicle entry will be Foxconn, which this week debuted three new electric car prototypes — which will be marketed under other brand names. An Apple-making company, this is Foxconn’s first entry into the electric car industry. It is offering a sedan model, which insiders say will be marketed by a European car brand in coming years. There will also be an all-electric SUV and bus, according to The Wall Street Journal.

Toyota and, separately, the Stellantis-LG partnership, plan to build lithium-ion battery plants in the U.S. for EV vehicles. With new electric cars and trucks entering globally, the supporting market for EV Charging Stations and home-based installed systems is soaring.

Rivian Ready To ‘Electrify’ Markets With $60 Billion IPO Next Week As It Raises Profile Of Electric Cars And EV Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Growing Its EV Charging Station Business

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

Source: Stock Market Press

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