Solar SPACS Reflect Wall Street’s Bullish Outlook On The Sector As Bill Gates-Backed Heliogen Plans To Merge With Athena Technology Technology Acquisition Corp. At A $2 Billion Valuation And List On NYSE; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Committed To Solar’s Future

The latest Solar SPAC merger reflects Wall Street’s bullish view of the solar sector. The newly announced SPAC merger between the Bill Gates-backed solar power firm Heliogen and the SPAC Athena Technology Acquisition Corp. (ATAC) plan to merge as a $2 billion combined entity and list on the NYSE with the symbol HLGN. ATAC is an all women special-purpose acquisition company (SPAC) headed by Phyllis Newhouse, CEO. Stock analyst site Reddit predicted the emergence of  Solar SPACS or blockbuster SPACS part of a ‘gold rush’ in SPAC land. REDDIT predicted the tech gold rush in SPAC Land would continue through at least 2023. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is committed to the future of solar energy and other renewable energy sectors.

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), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

Solar SPACS Reflect Wall Street’s Bullish Outlook On The Sector As Bill Gates-Backed Heliogen Plans To Merge With Athena Technology Technology Acquisition Corp. At A $2 Billion Valuation And List On NYSE; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Committed To Solar’s Future

DLA Piper will be advising ATAC on the $2 billion valuation Solar SPAC merger. The transaction is expected to close in Q4 2021with Athena renamed Heliogen and remain listed on the NYSE under the symbol HLGN, the companies announced. Executive management will continue after the merger with Bill Gross, angel investor and entrepreneur, named as the future CEO of the newly combined company. Solar SPACs Reflect Wall Street’s Bullish Outlook On The Sector As Bill Gates-Backed Heliogen Plans To Merge With Athena Technology Technology Acquisition Corp. At A $2 Billion Valuation And List On NYSE; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Committed To Solar’s Future.

Heliogen offers a unique and sophisticated solar technology including modular, AI-enabled concentrated solar power plants. That platform has the potential to disrupt and revolutionize the energy market, the company said. It uses concentrated sunlight and aims to deliver near 24-hour renewable energy that is designed to replace fossil fuels.

The Solar SPAC transaction reflects Wall Street’s view that the future for solar is bullish long term despite the short term issues of a tight labor market and supply chain bottlenecks. Sophisticated advances, such as the AI application to solar by Heliogen and recent Super Module advances in higher wattage solar panels makes this a renewable energy sector set to soar, investors say.

Proceeds related to this SPAC transaction include $250 million in the IPO in March of Athena Technology (ATAC) and $165 million private investment by investors such as Counterpoint Global, an arm of Morgan Stanley. In total, investments at closing  could reach $415 million to the new merged and combined company, DLA Piper said. Solar SPACs Reflect Wall Street’s Bullish Outlook On The Sector As Bill Gates-Backed Heliogen Plans To Merge With Athena Technology Technology Acquisition Corp. At A $2 Billion Valuation And List On NYSE; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Committed To Solar’s Future.

Wall Street likes what it sees long term in the solar renewable energy space. Part of the reason is new solar technology — such as AI and more powerful and efficient solar panels. Analysts at market maker Fitch Solutions said in a new research note, “More powerful and highly-efficient modules will reduce costs throughout the solar project value chain, supporting our outlook for significant sector growth over the next decade.”

Engineers also see newer materials, like perovskite, as making solar panels more efficient while at the same time playing a major role in reducing greenhouse gas emissions — meaning a ‘greener’ product. A new company, called Cubic PV, plans to introduce and market ‘wafers’ for solar cells with new technology resulting in more efficient, greener and powerful solar modules by 2023.The company plans solar commercial-scale production using new manufacturing technologies.

Larger solar wafers will also play an important role in the future of the sector. Larger size wafers — about 210 millimeters — are projected to grow from 19% market share today to more than half by 2030, according to Xiaojing Sun, global research leader at Wood Mackenzie Ltd.

Research firm Frost & Sullivan, as reported by PV Magazine, anticipates that use of higher technologies will play a larger role in the growth of renewable green energy solar and wind. The Biden Administration is pro-green energy, especially in solar and wind. Solar SPACs Reflect Wall Street’s Bullish Outlook On The Sector As Bill Gates-Backed Heliogen Plans To Merge With Athena Technology Technology Acquisition Corp. At A $2 Billion Valuation And List On NYSE; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Committed To Solar’s Future.

The outlook for solar is great. New studies by Wood Mackenzie/Solar Energy Industries Association and ReportLinker report that solar is spiking. Solar installations jump 46% in Q1 2021, and set to hit a 24% high for this full year, according to research firm Wood Mackenzie and the Solar Energy Industries Association and reported by Reuters. Additionally, research firm ReportLinker in a new study predicts 13.78% CAGR growth for solar through 2026.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is growing its footprint nationally in solar and roofing. As its portfolio of companies grows in both green energy sectors, it has expanded its commitment to solar and roofing. It recently acquired solar and battery sales company Future Home Power.

David Massey, CEO of SIRC, said he sees Future Home Power (FHP) as a valuable business development arm for SIRC, driving sales. He also believes it can scale to volume of $1+ million per week. Future Home Power recently had a single record-breaking sales day of $700,000, and some weeks its volume can approach $1.5 million, according to Jason Newby, CEO of the SIRC-acquired FHP.

David Massey, CEO of SIRC, said, “Management believes that based on past historical performance and with the new additions (of sales representatives), Future Home Power can scale to a $1+ million per week sales flow, acting as a major revenue driver for other SIRC subsidiaries who can complete the on-site contracting work once the sale is complete.” Those sales would be at 45%+ gross margins and would be incremental to SIRC, Massey said.

First Solar’s (NASDAQ: FSLR) New Solar Plant In Ohio Is A Game-Changer

Solar is seen by Wall Street and business as having a positive future. Solar, Inc. (NASDAQ: FSLR) is building a $680 million solar plant in Ohio to serve as a prime U.S. solar panel manufacturing facility in the U.S. The good news is that First Solar (NASDAQ: FSLR) plans for operations to begin in 2023 in its new solar panel factory in Ohio, but finding enough skilled workers may be a problem. FSLR is building a $680 million, 1.8 million sq. ft. solar panel facility that will be operational in 2023 and reach full capacity two years later.

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

Source: Stock Market Press

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