Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs $45+ Million Co-Development Agreement With Lux Power For Installation Of 17 Solar Projects In Georgia Private High Schools; In Aggregate, The Projects Total 17 Megawatts Of Power
Solar Integrated Roofing Corp. (OTC PINK: SIRC) signs a $45+ million co-development agreement with Lux Power for the installation of 17 solar projects in Georgia private high schools, the Company announces today (February 22, 2022). In aggregate, the projects total 17 Megawatts of power. SIRC is a multiple revenue stream alternative energy company.
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), Enphase Energy (NASDAQ: ENPH), 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).
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs $45+ Million Co-Development Agreement With Lux Power For Installation Of 17 Solar Projects In Georgia Private High Schools; In Aggregate, The Projects Total 17 Megawatts Of Power
SIRC says the contract value exceeds $45 million. SIRC subsidiary USA Solar Networks will manage the construction, the structuring of capital solutions and facilitate all materials procurement for these projects.
David Massey, chairman and CEO of SIRC, says, “This is yet another example of how our projects make a real world impact for the better — a firm testament to the impact we have on our local communities. We look forward to working with the Lux Power team to make these projects a reality, providing value for all stakeholders.”
Pablo Diaz, president of SIRC, adds, “This project is expected to save hundreds of thousands of dollars per year for each school, allowing necessary funds to better contribute to an improved educational experience. In addition, we will partner with the schools to enable their solar installations to serve as an invaluable educational tool, promoting the importance of sustainability and green energy.”
SIRC is a multiple revenue stream alternative energy company, also in EV Charging Stations for electric cars/trucks, and an $80 million applicant for government funding to build more EV Charging Stations to support a large fleet of electric cars. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs $45+ Million Co-Development Agreement With Lux Power For Installation Of 17 Solar Projects In Georgia Private High Schools; In Aggregate, The Projects Total 17 Megawatts Of Power.
Solar is working to return to its fast growth and highly lucrative origins. SIRC is a multi-company family of firms focused on solutions for alternative energy. This company has shown an uncanny ability to grow, generate organic expansion and scale its business model of leveraging its new size to buy efficiently and management growth efficiently.
It is becoming a national brand in solar, with EV Charging Stations right behind. It is an alternative energy company that proves it can be operationally profitable nationally. Like Tesla’s (NASDAQ: TSLA) performance numbers for 2021, it shows that alternative energy can be both important to the environment and profitable, as well.
To Wall Street hedge funds and investment groups focused on green energy companies, SIRC is an attractive alternative energy solutions company for these investors. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs $45+ Million Co-Development Agreement With Lux Power For Installation Of 17 Solar Projects In Georgia Private High Schools; In Aggregate, The Projects Total 17 Megawatts Of Power
Financial performance is a reason analysts keep an eye on the growth of Solar Integrated Roofing Corp. (OTC PINK: SIRC). It reported recently for Q3 of fiscal 2022 sales of $48.2 million, a YOY 964% jump. Also in the report it showed a $25.2 million operating profit. That represents 52% of total revenues in Q3 fiscal 2022.
SIRC management said it would also ‘comfortably’ exceed its earlier guidance of $100 million for the 12 months ended May 31, 2022. It continues to grow both its organic sales and new volume from acquisitions. In its acquisition pipeline are seven more companies, SIRC said recently. SIRC aims to buy them in all-cash transactions, without diluting the stock.
Solar and other renewables are generating a greater percentage of the nation’s capacity needs. According to site ‘Bring Me The News,’ electric rates have jumped some 30% over the past 10 years in some states. That makes solar not just a conservation buy, but also an energy efficient purchase.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Signs $45+ Million Co-Development Agreement With Lux Power For Installation Of 17 Solar Projects In Georgia Private High Schools; In Aggregate, The Projects Total 17 Megawatts Of Power
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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