Solar Integrated Roofing Corp. (OTC PINK: SIRC) Transitioning To National Roofing And Solar Provider Company As It Signs Binding LOI To Acquire Five-State Provider Cornerstone Construction
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is transitioning to a national roofing, solar and renewal energy provider profile by signing a binding Letter Of Intent (LOI) last week to acquire five-state roofing and solar systems provider Cornerstone Construction, based in South Carolina. Cornerstone currently operates in South Carolina, North Carolina, Arkansas, Oklahoma and Alabama. SIRC is active on the buying front, scheduling an end of month close on its binding agreement to buy Pacific Lighting Management for its new EV Charging Station Solutions Division. Southern California-based SIRC also recently closed on its purchase of multi-state solar company Enerev LLC.
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) and Canadian Solar Inc. (NASDAQ: CSIQ).
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Transitioning To National Roofing And Solar Provider Company As It Signs Binding LOI To Acquire Five-State Provider Cornerstone Construction
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is turning the corner on becoming a nationwide roofing and solar provider. David Massey, SIRC CEO, said, “This significant acquisition is the first step in our company’s transition into a nationwide roofing and solar solutions provider. Throughout 2020, Cornerstone moved strategically into new markets including Charlotte, N.C., Charleston, S.C., Little Rock, Ar., Tulsa, Okla. and Foley, Ala. The company completed 1,000 installs of roofing and solar in 2020, generating over $15 million in sales with robust projected growth.” Massey added, “This is an exciting presence that we believe will help grow our acquisition pipeline nationally, helping to create value for our shareholders.” To learn more, go to https://cornerstoneconstruction.org/
Cornerstone’s services include inspections, installations, repairs and replacement services as well as gutters, windows, siding and decking. It also designs and installs traditional solar and solar shingle arrays that integrate seamlessly into new and existing roofing systems, SIRC said. Cornerstone’s founder and CEO is Hunter Ballew. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Transitioning To National Roofing And Solar Provider Company As It Signs Binding LOI To Acquire Five-State Provider Cornerstone Construction.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees A Solar And Renewables Energy Future, Executes A Flurry Of Clean Energy Acquisitions
In addition to recently signing a binding letter of intent to purchase five-state roofing and solar systems installer, Cornerstone Construction, SIRC recently closed on its purchase of California-based solar company Enerev LLC and signed a binding agreement to buy Pacific Lighting Management for its new EV Charging Station Solutions Division. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Transitioning To National Roofing And Solar Provider Company As It Signs Binding LOI To Acquire Five-State Provider Cornerstone Construction.
SIRC Targets End Of February For Closing Of Pacific Lighting Acquisition
When Massey recently announced the Company signed a binding LOI to acquire Pacific Lighting Management, Inc., for its new Dedicated EV Charging Station Solutions Division, SIRC said it is targeting the end of February for the close of the purchase for the company — which offers several long term (IDIQ-type) government contracts with the General Services Administration (GSA and GSA Fleet). Its customers also include federal, state and local governments, school districts, hospitals and large commercial clients, the Company said. It is a cash-flow positive buy, SIRC said. It is based in Southern California, in Santa Ana. Learn more about Pacific Lighting at http://www.pacltg.com/ Solar Integrated Roofing Corp. (OTC PINK: SIRC) Transitioning To National Roofing And Solar ProviderCompany As It Signs Binding LOI To Acquire Five-State Provider Cornerstone Construction.
SIRC Closes On Acquisition Of Solar Installer Enerev LLC
SIRC recently closed on its purchase of another established clean energy renewable solar installer, Enerev LLC. To learn more, go to https://www.enerevsolar.com/getting-started. In addition to acquiring Enerev LLC and signing the binding letter of intent to buy Pacific Lighting for its new EV solutions division, SIRC entered a new alliance with San Diego builders to enter the new home business in that market. It also reached agreement with Solectrac, Inc., an all-electric tractor developer and manufacturer located in Northern California. That company is now 24% owned by Ideanomics (NASDAQ: IDEX). and Solectrac is an applicant for a $500 million USTDA grant.
Goldman Small Cap Research Sees SIRC Stock Rising With Acquisitions
Goldman Small Cap Research in a analysis report explained that SIRC’s stock still has a lot to gain in valuation metric. “Thus, we believe that these shares (SIRC) could trade north of $1.00 and beyond in 2021, especially as new companies are brought into the SIRC family,” it concluded. Goldman Small Cap Research in the January report tripled its price target for Solar Integrated Roofing Corp. (OTC PINK: SIRC) to $0.75 for the next three-six months. But SIRC’s stock has already eclipsed that — trading at Friday’s close at $1.48.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Says It Will Reach $40 Million In FY 2022
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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