Small Cap Stocks Draw Attention From Investors As Russell 2000 Index Jumps For Ninth Straight Month And Advance 49% Since Last September, Anticipate Outperform Earnings; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Gross Profit For 2021 FY Rockets 144% To $3.5 Million

Wall Street investors are now excited about the stock and profit performance of Small Cap Stocks. The Russell 2000 Index of small cap stocks has jumped for nine straight months through June and have advanced 49% since last September. Bet yet is that investors now anticipate future earnings growth as the economy emerges from COVID-19 lockdowns. The Wall Street Journal quotes stock analysts seeing outsize earnings growth by small caps through the end of 2021. Solar Integrated Roofing Corp. (OTC PINK: SIRC) saw an 87% volume jump and 144% gross profit increase in FY 2021. SIRC’s guidance says it will be profitable in FY2022 and achieve sales of $100+ Million in the 12 months ended May 31, 2022.

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).

Small Cap Stocks Draw Attention From Investors As Russell 2000 Index Jumps For Ninth Straight Month And Advance 49% Since Last September, Anticipate Outperform Earnings; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Gross Profit For 2021 FY Rockets 144% To $3.5 Million

Brandon Nelson, senior portfolio manager at Calamos Investments, told the Wall Street Journal, “The difference with small-caps is they’re cheap relative to large-caps Anytime you can find an asset that has fantastic fundamentals and it’s inexpensive, you should jump all over that.” Investors also view small caps leaping to a quadruple level vs. last year in Q3.

BoA Global research finds that the Russell 2000 traded at 17.7 times its projected earnings over the next 12 months. Small caps are more volatile in performance — during during an upsurge in the economy as the COVID breakout continues — yet some investors remain cautious about what may happen when the fast-expanding economy now slows.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) has announced a record breaking 87% jump in volume performance in FY2021 and 144% increase in gross profits. It also projects a profit in FY 2022 and offered guidance of $100+ million volume in the 12 months ended May 31, 2022. It acquired earlier this week USA Solar Network, which it sees adding $50 million in incremental sales as early as FY 2022. To learn more, SIRC is participating in a July 19 at 7 p.m. EST on a discord channel live Q&A session with shareholders and investors. Go to discord.com/invite/mediatek for a free invitation.  For June 2021, SIRC reported sales of $10+ million.

David Massey, CEO of SIRC, said, “Fiscal 2021 was a record year for Solar Integrated Roofing and we believe we have positioned the Company for an even more exciting fiscal 2022. Over the course of the year our team has worked tirelessly to integrate our acquisitions and continues to seek new opportunities for growth. The solar, roofing and battery market continues to grow, and our brands are capturing additional market share. With our exceptional portfolio of companies and ongoing organic growth, we look forward to sharing our future achievements with our shareholders.”

He added, “The acquisitions drove annual revenues 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. Our focus on rapidly growing, high margin acquisitions has significantly grown sales, allowed us to now capture the full lifecycle of our customers, and brought new synergies and efficiencies across the SIRC family of companies. Due to this, we expect to achieve profitability in FY 2022.”

In FY 2021, SIRC acquired Future Home Power, Balance LLC, Pacific Lighting Management or PLEMCo., Cornerstone Construction and Enerev LLC. All of them are in the solar, roofing, battery storage and back office space.

Massey noted that this accelerated pace of acquisitions has grown SIRC into a national firm: “Our success has transformed our company into a national brand with services now spanning solar, battery backup, EV charging, roofing installation, HVAC work, electrical contracting and back-office technology support.”

Not only did SIRC report record breaking volume in FY2021, it also reported a 144% sharply higher gross profit of $3.5 million at 20% of total revenues compared to the prior year when that number was $2.4 million or 26% of total revenues. Also, SIRC in FY2021 reduced as a percentage of sales its operating expenses. In FY2021, operating expenses were $7.8 million — or 46% of sales. In the prior fiscal year, SIRC had operating expenses of $5.9 million, or 65% of sales.

Massey said SIRC reaffirms its $100 million revenue guidance for the 12 months ended May 31, 2022. Earlier Massey said, “We accelerated our rapid pace of acquisitions in 2021, rolling up roofers as well as solar and battery installers — creating a true platform company with the back office and sales capabilities to scale nationwide. When taking into account our recently acquired companies, we’ve built a significant customer base across the SIRC family of companies. While there is seasonality inherent to our business and the revenue will not be divided evenly month to month, we expect that we will generate at least $100 million of revenue over the next 12 months with the acquisitions we have announced to date.”

If SIRC Further Populates Its Acquisition Pipeline, The $100 Million Guidance Figure Could Grow

Massey added, “We are realizing both acquisitive and organic growth on all fronts while minimizing dilution. Looking ahead, we continue to populate our acquisition pipeline which could further grow this $100 million revenue guidance figure. I look forward to continued operational execution in the months ahead, working closely with our team to create sustainable value for our shareholders over the long-term.”

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

Source: Stock Market Press

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