Solar Integrated Roofing Corp. (OTC: SIRC) Is Focusing On Funding And In-stalling Electric Charging Stations; Ford (NYSE: F) Now Says It Will Spend $50 Billion On EVs Through 2026 As It Forecasts Electric Vehicles Will Generate Two Million Ford Vehicles Sold By That Year And Raised Its Target To Half Of All Its Global Sales Will Be Electric By 2030 — Prior It Had Forecast Only 40%
Solar Integrated Roofing Corp. (OTC: SIRC) is focusing on funding and installing Electric Charging Stations. Ford (NYSE: F) is going all-in and at an event today (March 23, 2023) will detail why it plans to spend $50 billion on EVs through 2026. The Company forecasts electric vehicles will generate sales of two million Ford vehicles by that year. It raised its target to half of all its global sales will be electric by 2030 — prior it forecast only 40% for electric vehicle sales by that date. This is great news for Solar Integrated Roofing Corp. (OTC: SIRC) which is intensifying its focus on the EV Charging Station Industry via its new funding arm and its announced $500,000 all-cash planned acquisition of all the remaining shares it doesn’t already own in its subsidiary PlemCo., which specializes in EV Charging Station installations.
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).
The electric vehicle news from Ford (NYSE: F) came as the giant carmaker is shipping its F-150 Lightning electric truck and Mustang Mach-E electric sport utility vehicle. It also started separate financial reporting for its electric vehicle business separate from its gas powered and hybrid vehicle divisions. That should give more insight by financial analysts into the profitability and size of Ford’s electric vehicle division, management hopes.
The new all-electric division is called ‘Ford Model e’ — and it will have its own separate revenue, P&L , EBITDA, assets and margin financial statements.The goal is to provide transparency to securities analysts who will invest in electric vehicles when they see the numbers, Ford hopes. At the event scheduled for today (March 23, 2023), the Company will discuss details of its newest division structure and its forecasts for an electric-vehicle future.
John Lawler, CFO of Ford, says, “Model e was a startup company buried within Ford Motor Company and now they’ll (analysts) see transparently where Model e is.”
At the same time Ford (NYSE: F) is reorganizing and setting aggressive target market share and sales goals for electric vehicles, the electric charging station industry remains bright. Solar Integrated Roofing Corp. (OTC: SIRC) is intensifying its push into the EV Charging industry — with David Massey, CEO, announcing on a live recent update Webcast the Company’s intention of wholly buying out EV Charging Station subsidiary PlemCo., for $500,000 cash. Massey told shareholders and financial investors that SIRC plans to buy the remaining 40% of EV Charging Station subsidiary PlemCo. it does not currently own for $500,000 cash and no stock.
Further, SIRC’s debut of a new funding arm includes financial support for EV Charging Station developers and installers who need monies for equipment, parts and other basics as they grow their EV Charging Station business. So SIRC plans to help fund other EV Charging Station installers as well as become an aggressive installer of the stations itself.
Ford’s arch competitor, General Motors (NYSE: GM), is also making a headlong push into manufacturing electric vehicles — but is facing headwinds doing so. One is the production issues is sourcing enough batteries to help meet its electric vehicle production goals.
Meanwhile, electric car making leader Tesla (NASDAQ: TSLA) may be planning to finally bring its long-promised $25,000 retail all-electric car to market, analysts say. All of this is targeted to happen as Tesla seeks to maintain its industry-leading double digit percentage profit margins in doing so. Investors say the strategy is pressuring its rival start ups — which are burning cash, and cannot be profit-competitive in a $25,000 all-electric new car market, the WSJ says.
Source: Stock Market Press
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