Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Stock Soars To $2.76 At Friday’s Close And SIRC Readies Fast Start For Its New Dedicated EV Charging Solutions Division, Focusing On ‘Hitting The Ground Running’ With Takeover Targets That Already Have Accounts And Engineering In Place

Solar Integrated Roofing Corp. (OTC PINK: SIRC) stock soared to $2.76 at Friday’s close and the company says it wants to “hit the ground running” with its new dedicated EV Charging Solutions Division, focusing on takeover targets that already have accounts and engineering in place. Brian Milholland, president of SIRC, told Money TV’s Donald Baillargeon that the Company was seeking EV charging firms nationwide that already fully operating and can enable SIRC to quickly enter the EV charging business operationally.

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), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK) and Canadian Solar Inc. (NASDAQ: CSIQ).

Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Stock Soars To $2.76 At Friday’s Close And SIRC Readies Fast Start For Its New Dedicated EV Charging Solutions Division, Focusing On ‘Hitting The Ground Running’ With  Takeover Targets That Already Have Accounts And Engineering In Place

Breathtaking Series Of Higher Trading Days For SIRC

In a breathtaking series of higher trading days, stock of Solar Integrated Roofing Corp. (OTC PINK: SIRC) skyrocketed to $2.76 per share at Friday’s close. The Company has been growing fast largely by acquisition and leaping over stock price projections made for it in the past.  Some shareholders hoped for a price hike in the shares after an anticipated up list late this month or in early March. Instead, shared jumped earlier to $2.76 at Friday’s close.

Recently, SIRC announced the official commencement of operations of its new dedicated EV Charger solutions division and a focus on potential takeover targets of EV charger installers nationwide. SIRC is already a Tesla (NASDAQ: TSLA) certified solar installer. Now both Tesla and SIRC are in the EV charger business. Brian Milholland, president of SIRC, clarified that his Company is in a hurry to get operational in the business. To that end, David Massey, CEO, said he is already interviewing-for-acquisition EV charging firms in New Jersey, Colorado and California.

SIRC Sets Sights On EV Charging Business Industry

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is entering the EV charger installation market focusing on sales, marketing, installation and service of personal EV chargers — as well as on public EV charging infrastructure for network operators. To grow quickly in this industry, SIRC is seeking the potential acquisition of EV charger installers nationwide. SIRC has already demonstrated its ability to acquire adjacent companies as it grows. The most recent was last week’s close on its purchase of established solar installer Enerev LLC. David Massey, CEO of SIRC, noted the complementary nature of Enerev LLC as it joined the Solar Integrated Roofing Corp. (OTC PINK: SIRC) family.

David Massey, SIRC CEO, Sees Acquisitions Ahead

David Massey, CEO Solar Integrated Roofing Corp. (OTC PINK: SIRC), said, “We are excited to have entered the substantial, growing EV charging space — addressing an incredible rapidly growing market opportunity. We are well positioned to acquire promising EV charger installers in key growth markets across the U.S. where early EV adoption has been greatest.” Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Stock Soars To $2.76 At Friday’s Close And SIRC Readies Fast Start For Its New Dedicated EV Charging Solutions Division, Focusing On ‘Hitting The Ground Running’ With  Takeover Targets That Already Have Accounts And Engineering In Place.

Clean Energy A Priority For Solar Integrated Roofing Corp. (OTC PINK: SIRC)

SIRC is committed to solar and other clean energy adjacent sectors. The Company recently acquired solar company Enerev LLC, 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. Tesla, Inc. (NASDAQ: TSLA) has elevated Solar Integrated Roofing Corp. (OTC PINK: SIRC) To Certified Installer Status.

SIRC’s Acquisition Of Solar Company Enerev LLC

Solar Integrated Roofing Corp. (OTC PINK: SIRC) recently continued its quick acquisition pace of buying solar companies when it closed on its purchase of Enerev LLC. Similarly, SIRC now sees opportunity in potential acquisitions of various EV charging installers nationwide in the future. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Stock Soars To $2.76 At Friday’s Close And SIRC Readies Fast Start For Its New Dedicated EV Charging Solutions Division, Focusing On ‘Hitting The Ground Running’ With  Takeover Targets That Already Have Accounts And Engineering In Place.

SIRC Also Sees Positive Legislative Tailwinds In California And Nationally For Renewable Energy

With the election of the Biden-Harris team, SIRC — like other solar companies — sees positive legislation for renewable energy. California has already passed statewide mandates for solar in new residence 2020 and beyond. It has also set a 2035 deadline for all new cars to have zero-carbon emissions. Both set the stage for increased demand for solar and for electric vehicle charging stations. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Stock Soars To $2.76 At Friday’s Close And SIRC Readies Fast Start For Its New Dedicated EV Charging Solutions Division, Focusing On ‘Hitting The Ground Running’ With  Takeover Targets That Already Have Accounts And Engineering In Place.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) has positioned itself well for growth in both sectors.

Precedence Research Sees The EV Charging Industry Reaching $39 Billion By 2027

As electric vehicles skyrocket in growth, analysts published an industry forecast that EV charging stations will reach $39 billion by 2027, according to Precedence Research. The report finds that the industry will grow fast at a 40.7% CAGR rate from 2020-2027. Tesla (NASDAQ: TSLA) and Solar Integrated Roofing Corp. (OTC PINK: SIRC) are already in the industry.

SIRC Is Growing And Goldman Report Sees A Bright Outlook For Its Stock

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 $2.76.SIRC’s stock performance has already made those projections obsolete.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) Says It Will Reach $40 Million  In FY 2022

Goldman likes the SIRC M&A strategy, entry into adjacent sectors, past record performance and partnership/agreement with the EV developer of all-electric tractors, which is an applicant for a $500 million USTDA grant. Saying that SIRC is expanding volume both organically and with acquisition growth, it projects SIRC sales at $19.8 million for FY 2021 and $38.5 million In FY 2022.

SIRC itself forecasts a volume of $40 million for FY 2022 — slightly north of the $38.5 million projected for it that year by the new Goldman report. Massey, CEO  of Solar Integrated Roofing Corp. (OTC PINK: SIRC), projects that its fast-track growth will generate revenues of $20 million for the FY ending February 28, 2021, almost precisely the $19.8 million estimated by the initial report.

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/ (OTC PINK: SIRC).

Source: Stock Market Press

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