Solar Integrated Roofing Corp. (OTC PINK: SIRC) Succeeds With A Virtual Sales Model As It Focuses On An Initial Up Listing To The OTCQB Tier; Acquisition Opportunities In Adjacent Sectors In Clean Energy Solar And Electric Offered At Attractive Multiples
California may be in a pandemic shut down, but Solar Integrated Roofing Corp. (OTC PINK: SIRC) is thriving with a virtual sales model that calls for online sales by its sales team with potential customers. That strategy has paid off with SIRC reporting a record $5.3 million in preliminary unaudited sales for Q3 FY 2021, a 130% volume boost compared to the prior year. Through it all, SIRC remains focused on an initial up listing to the OTCQB tier. Long term, it seeks an up listing to NASDAQ.
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) Succeeds With A Virtual Sales Model As It Focuses On An Initial Up Listing To The OTCQB Tier; Acquisition Opportunities In Adjacent Sectors In Clean Energy Solar And Electric Offered At Attractive Multiples
The COVID-19 pandemic may have shut California down, but fast-growing Solar Integrated Roofing Corp. (OTC PINK: SIRC) is adapting to the emergency with virtual online sales and growth in existing and adjacent businesses. These include solar roof installations, EV charging stations for residential and commercial, new home market installations, HVAC system installations and a joint venture with long-time HVAC installer Enerev, LLC. SIRC is also a Certified installer of Tesla (NASDAQ: TSLA) branded solar roofs and Powerwall line of lithium-ion solar batteries and has named SunPower Corporation as its premier solar dealer as it expands into New Mexico.
Entering The All-Electric Clean Air Farming Equipment Market
Recently, it has entered into the all-electric clean air tractor farming market when it signed an agreement to provide solar panels and related equipment with electric tractor manufacturer and developer Solectrac, Inc. Solectrac, Inc., is an applicant of a $500 Million USTDA (United States Trade And Development Agency) grant. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Succeeds With A Virtual Sales Model As It Focuses On An Initial Up Listing To The OTCQB Tier; Acquisition Opportunities In Adjacent Sectors In Clean Energy Solar And Electric Offered At Attractive Multiples.
Adding New CFO, Achieving $25 Million Run Rate And Acquiring Related Companies
David Massey, CEO, said in interviews, podcasts and letters to SIRC shareholders that the company is working hard to achieve an initial up listing to the OTCQB tier and long term to the NASDAQ exchange. He said SIRC is close to completing a required financial audit and finalizing the Form-10. This past year has been a busy one for the company: naming Jennifer Bees as new CFO, acquiring numerous companies, such as Milholland Electric, Inc., and achieving a run-rate of $25 million in revenues. It has also formed alliances with numerous related companies as it grows in volume and expands its geographic footprint.
SIRC has completed its expansion into the Albuquerque, New Mexico market and is now exploring opportunities in the Phoenix, Arizona metropolitan area.
Attractive Multiples, Acquisitions Seen In 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.”
Naming SunPower, Forming Joint Venture With Enerev, LLC
Employing virtual sales successfully during the pandemic, Solar Integrated Roofing Corp. (OTC PINK: SIRC) has built a 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. One is naming SunPower Corporation as its premier solar dealer as it expands into New Mexico. Another is its joint venture agreement with Enerev, LLC.
The newest happened recently when 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.
It has teamed with several San Diego area builders to enter the new homes market for solar and rechargeable batteries in a year when the state is mandating all new residence are powered by solar systems. California is also requiring by law that all new vehicles by 2035 emit zero carbon emissions.
SIRC Sees $40+ Million Volume In FY 2022
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.
Goldman Small Cap Research Likes 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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