Solar Integrated Roofing Corp. (OTC PINK: SIRC) Has A New Opportunity In Electric Car Chargers As EV Makers Seek To Cut Costs And Reduce Battery Expenses — But The Tradeoff Means Less Driving Range, Says The WSJ; That Means More Car Chargers Will Be Needed — And Could Mean More Growth For SIRC
Solar Integrated Roofing Corp. (OTC PINK: SIRC) has a new opportunity in Electric Car Chargers as EV Makers seek to cut end-user pricing costs and reduce battery costs — but in exchange for less driving range, says the Wall Street Journal; that means more car chargers will be needed — and could mean more growth for SIRC. As EV makers go to iron-based, lower cost batteries to avoid pricey and hard-to-find minerals such as nickel and cobalt, a tradeoff in mileage range to iron-based cells. More electric chargers will be needed for longer trips — a possible opportunity for companies like SIRC.
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).
EV car makers such as Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), , Ford (NYSE: F) even exotics such as Alfa Romeo want to go all-electric, but are finding that end-user price points are stubbornly high and minerals used to make the preferred high end nickel-and-cobalt batteries are scarce. Instead, they are now seeking lithium-iron-phosphate batteries or LFPs commonly used in China — but they add thorny supply-chain issues and reduced shorter battery mileage ranges, the WSJ says. It also means more dependence on Chinese battery supplies, a politically unpopular alternative.
But the end result could mean an important growth opportunity for Companies like Solar Integrated Roofing Corp. (OTC PINK: SIRC). SIRC is a green energy company specializing in solar packages and electric car chargers. More chargers could mean more opportunity for SIRC.
At a time when Alfa Romeo, Lexus, BMW, Mercedes and other upscale luxury brands are coming to electric cars/trucks in the years ahead making supporting EV Charging Stations as close to a sure thing as possible, battery pricing and availability issue is key.
Auto makers have ‘tweaked’ the chemistry of the LFP battery packs to lengthen their range. EV auto makers are ‘all in’ for electric vehicles — making battery charging a priority. For SIRC, this means a priority to develop longer range mileage even out of the lower cost and more readily available battery minerals.
In China,, driving can be shorter range between close cities. In America and Europe, longer range driving can mean freestanding battery chargers can play a more important role. Even through studies show 80% of charging is done at home, EVs have strict limitations on the number of fas charges than may be conducted — meaning that for companies like SIRC there is an increasing political and technical opportunity for longer range charging between farther range stops on the highway.
In an electric world where General Motors (NYSE: GM), Ford (NYSE: F) and other mainstays battle it out over electrified versions of best-selling blue collar pickup trucks, high end exotics such as Alfa-Romeo, Mercedes and BMW will actually be players. Top executives of these upscale brands are bullish on an all-electric car future. Tesla (NASDAQ: TSLA) is currently the best selling brand in electrics worldwide and it owns the proprietary lead in EV Charging Stations with 56%.
A J.D. Power study finds that electric car buyers may like electric branded cars — but they are not especially brand loyal when it comes to the chargers themselves. That creates further opportunities for SIRC (OTC PINK: SIRC).
SIRC is watching all the OEM electric car maker investment spending in building more all-electric cars/trucks and can only be excited about battery charging prospects.
General Motors (NYSE: GM) plans to invest some $4 billion overhauling the factory where Bolts are made — to begin production of electric pickup trucks beginning in 2024. GM is focused on making its 400,000 electric car/truck goal and becoming a leader in the electric vehicle sector.
Mary Barra, GM CEO, said the Company is focusing on selling more electric vehicles now. GM, she said, is now looking to build its third electric truck plant. GM is now only chasing electric market leader Tesla (NASDAQ: TSLA), it is all-in on the electric vehicle business model.
- Electric charging stations are projected to reach $111.90 Billion by 2028 with a 30.26% CAGR jump, says Fortune Business Insights. To Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. subsidiary that means OEM commitment to the EV Charging Stations industry.
Source: Stock Market Press
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