Solar Integrated Roofing Corp. (OTC PINK: SIRC) Positions Itself For Acquisition Growth In Existing And Adjacent Complementary Markets As Sales Jump 130+% To Record $5.3 Million In Q3 In FY 2021

Posted December 16, 2020

In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: FSLR, NASDAQ: IDEX, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, OTC PINK: SIRC

Solar roofing company Solar Integrated Roofing Corp. (OTC PINK: SIRC) is well positioned for acquisition growth in existing and adjacent complementary markets such as EV charging, HVAC and electrical contracting. It reports today, December 16, 2020, a sales jump of 130+% to record $5.3 Million in Q3 FY 2021, in preliminary unaudited numbers. The sales compare to the $2.3 million reported for the comparable period in FY 2020.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing 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), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPowerCorp. (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK) and Canadian Solar Inc. (NASDAQ: CSIQ).

Solar Integrated Roofing Corp. (OTC PINK: SIRC) Positions Itself For Acquisition Growth In Existing And Adjacent Complementary Markets As Sales Jump 130+% To Record $5.3 Million In Q3 In FY 2021

David Massey, CEO of fast-growing Solar Integrated Roofing Corp. (OTC PINK: SIRC), said the significant sales increase represented the Company’s operational execution and cross-selling synergies across the firm’s core business lines. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Positions Itself For Acquisition Growth In Existing And Adjacent Complementary Markets As Sales Jump 130+% To Record $5.3 Million In Q3 In FY 2021.

Attractive Multiples, Acquisitions Seen Existing And Complementary Adjacent Markets

“We continue to see exciting acquisition opportunities in markets we operate in, as well as in complementary adjacent markets, at attractive multiples,” Massey said. “With services now spanning solar, battery backup, EV charging, roofing installation, HVAC work and electrical contracting, we are well positioned to tackle increasingly large opportunities — such as entire new residential developments with our builder partners throughout California. I look forward to aggressive growth going into the fourth quarter and beyond.”

Massey added, “I am proud of our entire team, whose hard work across our growing company has driven yet another record quarter. As we continue to expand our complementary businesses, which now includes a dedicated EV charging division to address growing installation and service opportunities on the west coast, I believe we are better positioned for growth than at any time in our history.”

Multiple New Markets For SIRC

Solar Integrated Roofing Corp. (OTC PINK: SIRC) has a recent record of organic growth, sales increases by acquisition and multiple-revenue streams from an expanding geographic footprint into more states and alliances with more firms. New markets for SIRC include: EV charging stations for residential and commercial; new home market installations; HVAC system installations; joint venture with long-time HVAC installer Enerev, LLC; Certified installer of Tesla (NASDAQ: TSLA) branded solar roofs and Powerwall line of lithium-ion solar batteries; and naming SunPower Corporation as its premier solar dealer as it expands into New Mexico.

Recently it signed an agreement to provide solar panels and related equipment with electric tractor manufacturer and developer Solectrac, Inc., an applicant of a $500 Million USTDA (United States Trade And Development Agency) grant. That’s the latest in a multiple parade of SIRC’s new markets and alliances. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Positions Itself For Acquisition Growth In Existing And Adjacent Complementary Markets As Sales Jump 130+% To Record $5.3 Million In Q3 In FY 2021.

SIRC Expanding At A Quick Pace Into New Markets

The newest is its agreement within the $75 billion global agricultural equipment market. This industry, primarily diesel powered today, is seeking to operate on alternative powered tractors to reduce pollution with sustainable electric-powered tractors. SIRC’s agreement with Solectrac, Inc., located in Northern California, has developed and manufactured 100% battery powered, all-electric tractors for agriculture and utility operations.

As of October 22, Ideanomics (NASDAQ: IDEX) became a 14.7% owner of Solectrac, Inc. Ideanomics also announced another planned investment into the company of $1.3 million, scheduled to close this month. Solectrac, Inc. is an applicant for a $500 million USTDA grant. The USTDA is an independent agency of the United States government. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Positions Itself For Acquisition Growth In Existing And Adjacent Complementary Markets As Sales Jump 130+% To Record $5.3 Million In Q3 In FY 2021.

SIRC Sees Market Up List, Larger National Footprint And Expansion Into More Related Businesses

SIRC projects that its volume will report a record breaking $40+ million in fiscal 2022 revenues, ending February 28, 2022. Solar Integrated Roofing Corp. (OTC PINK: SIRC) forecast that it would report record volume of $20 million for FY 2021, ended February 28, 202. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expands Multiple Revenue Stream Strategy In Solar And Electric To Enter Agricultural Equipment, EV Charging, New Home Installations, HVAC, Joint Ventures, Solar Battery Storage With Tesla,Inc.(NASDAQ: TSLA) And Growth In More States.

Goldman Small Cap Research Bullish On SIRC

Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Sales Projected To Reach $38.5 Million In FY 2022, $90 Million In FY 2023 At Substantial Positive Profit In Both Years; $0.25 Price Target Set For 3-6 Months: Goldman Small Cap Research.

Learn more about Solar Integrated Roofing Corp. (OTC PINK: SIRC) at its website.

Source: Stock Market Press

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Bina Murarka

Bina Murarka is a India-based technology reporter for Stock Market Press. A freelance writer who covered tech for various mainstream and financial websites, she writes about everything from small-cap telecommunications companies to the digital economy's impact on financial markets. She graduated from Calcutta University.