Some Electric Vehicle Startups Are Not What They Seem With Stocks Dropping Post-IPO — So Wall Street Investors Are Wary Of Pre-Revenue Electric Car/Truck Stocks; EV Charging Station Demand Soaring For Solar Integrated Roofing Corp.’s (OTC PINK: SIRC)’ PLEMCo., Subsidiary

 In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: EVGO, NASDAQ: FSLR, NASDAQ: RIVN, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NYSE: CHPT, NYSE: F, NYSE: GM, NYSE: SPRQ, OTC PINK: SIRC

Some electric vehicle startups are more promise than substance. Wall Street investors are warm to the concept of the new electric cars, but some  were burnt when shares in some companies fell up to 75% after launch. A company that really has no vehicle revenue can be a great opportunity — or a crash-and-burn. But the EV Charging Station industry supporting electric vehicles shows great promise, and Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., subsidiary plans to be a large part of it.

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).

Some Electric Vehicle Startups Are Not What They Seem With Stocks Dropping Post-IPO — So Wall Street Investors Are Wary Of Pre-Revenue Electric Car/Truck Stocks; EV Charging Station Demand Soaring For  Solar Integrated Roofing Corp.’s (OTC PINK: SIRC)’ PLEMCo., Subsidiary

Electric car stock are not a sure thing. Take Rivian Automotive (NASDAQ: RIVN). Its stock soared during its IPO — perhaps generating half of Ford’s (NYSE: F) net profit for all of 2021. Since the late fall IPO,  Rivian stock dropped 36.6% in January alone. Amazon is all-in on Rivian — placing an order for some 100,000 electric delivery vans for later delivery.

From an IPO high of $172.01 on November 16, 2021, RIVN stock is now at $60.95. That’s greater than a $111 per share drop. It’s also the price of speculation. Some Electric Vehicle Startups Are Not What They Seem With Stocks Dropping Post-IPO — So Wall Street Investors Are Wary Of Pre-Revenue Electric Car/Truck Stocks; EV Charging Station Demand Soaring For  Solar Integrated Roofing Corp. (OTC PINK: SIRC)’ PLEMCo., Subsidiary

The new electric car industry — and its complementary lithium producers — offer significant and lucrative opportunities for investors — but watch out for road mines, too. Not all companies are as fast-growing and profitable as market leader Tesla (NASDAQ: TSLA).

The electric car/truck industry is already in a race for market share and leadership. After suffering chip shortages for its gas powered vehicles in 2021, OEM players like General Motors (NYSE: GM) and Ford (NYSE: F), have learned their lesson. They will source chips from domestic sources, partner with battery-makers and are building their own production plants to make lithium-ion batteries themselves.They are making sure they never lose sales due to supply chain issues.

Wall Street investors like the electric vehicle business for numerous reasons.

The good news is demand for EV Charging Stations in North America will thrive. The industry will need them to be seen everywhere. Some Electric Vehicle Startups Are Not What They Seem With Stocks Dropping Post-IPO — So Wall Street Investors Are Wary Of Pre-Revenue Electric Car/Truck Stocks; EV Charging Station Demand Soaring For Solar Integrated Roofing Corp.’s (OTC PINK: SIRC)’ PLEMCo., Subsidiary

General Motors (NYSE: GM) has now raised its sales target for electric vehicles to 400,000 in North America in 2022-2023 compared to only 25,000 short-lived Bolt models sold last year. If the target sales are met, it could mean a spectacular opportunity for Solar Integrated Roofing Corp. (OTC PINK: SIRC) and its PLEMCo. Subsidiary that builds EV Charging Stations.

Automotive analysts agree that the war for electric vehicle leadership will not be won soon, and that the major initial battle between GM and Ford will begin in…pickup trucks. On the front lines with be the electric Ford Lightning and GM’s Silverado. They are high margin, lucrative and fighting for the heart of middle, blue collar America.

Tesla (NASDAQ: TSLA) leads in electric cars, has debuted its electric truck model and owns 56% of the EV Charging Station business. But its EV Charging Stations are proprietary to Tesla only. That’s an opportunity for SIRC and subsidiary PLEMCo.

As Ford and GM go toe-to-toe, SIRC’s PLEMCo., is well positioned to install EV Charging Stations for either or both OEM electric car/truck makers. In short, SIRC wins no matter which OEM company becomes an industry leader.

And either or both together will form an important competitive force to challenge  leader Tesla (NASDAQ: TSLA). As market leader, Tesla has all the business it can handle. In fact, it is so backed up that in 2022 it is focusing on delivering already-ordered cars/trucks rather than launch new models.

SIRC’s PLEMCo., will win no matter which company sells more electric vehicles in any given year. SIRC’s advantage is that its installers are already performing solar work in the home — where some 80% of EV charging takes place, the government says. But it is also watching partnership agreements signed between EV Charging Station companies and OEM electric car makers and other retailers allied to the field — such as Bridgestone-owned Firestone aftermarket auto repair/tire centers.

If Biden is to hit his goal of a government-owned fleet of 500,000 electric vehicles — and hit 2030 carbon pollutant-reduction goals — he will need to fund the building of more EV Charging Stations. That’s great news for installers like SIRC and its PLEMCo. subsidiary.

Some Electric Vehicle Startups Are Not What They Seem With Stocks Dropping  Post-IPO — So Wall Street Investors Are Wary Of Pre-Revenue Electric Car/Truck Stocks; EV Charging Station Demand Soaring For  Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., Subsidiary.

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

Source: Stock Market Press

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