Stock Analysts Say Buy Tesla (NASDAQ: TSLA) Stock After Its $100 Bounce Higher Last Week, Based On Its Ability Make Profit And Upbeat Outlook For Electric Vehicles Despite Market Fluctuations From War News In Europe; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On 2022 EV Charging Station Growth For Its PLEMCo., Subsidiary

Posted February 28, 2022

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

Market analysts like Jairam Nathan of Daiwa Capital tells investors to buy more Tesla (NASDAQ: TSLA) shares after its $100+ bounce last week. Is there more positive news to come? The analysis finds that supply chain concerns are waning and rising oil prices driven by the Russian-Ukrainian invasion will deal a body blow to legacy OEM car makers laden with gasoline-driven models. To Solar Integrated Roofing Corp. (OTC PINK: SIRC) the recommendation only dovetails with its already-bullish stance on 2022 EV Charging Station growth for its PLEMCo., Subsidiary

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).

Stock Analysts Say Buy Tesla (NASDAQ: TSLA) Stock After Its $100 Bounce Higher Last Week, Based On Its Ability Make Profit And Upbeat Outlook For Electric Vehicles Despite Market Fluctuations From War News In Europe; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On 2022 EV Charging Station Growth For Its PLEMCo., Subsidiary

Elon Musk, founder and CEO, predicted Tesla has told the stock market investors that the company will achieve an even 50+% performance in 2022 without launching new electric vehicle models. The focus instead will be on delivering Tesla’s (NASDAQ: TSLA) models already ordered by consumers. Some analysts see that as an achilles heel for Tesla — letting competitors debut new cars/trucks. Solar Integrated Roofing Corp. (OTC PINK: SIRC) hopes Tesla’s financials will accelerate electric vehicles creating more demand for subsidiary PLEMCo.’s EV Charging Stations.

Friday, Tesla (NASDAQ: TSLA) reached $811.10 in after-hours trading Friday. Back on January 26, Tesla was trading at $958.82. The stock has since bounced back from a low of $736.40 last Thursday.

According to the analysis by Daiwa Capital, the worldwide leader in electric cars and EV Charging Stations Tesla stock remains a buy for the long term.The stock market may rise and fall — especially because of this week’s news — but long term it remains a solid buy.

That’s lso great news for SIRC, because it means there is an underlying strength in electric vehicles and market investors believe that will win the day.

Elon Musk, CEO, sees that Tesla’s (NASDAQ: TSLA) customers have committed to deliveries against a backlog of some 10 months. So is he wrong to focus on cleaning the deliveries for orders Tesla already has, or maintain momentum and launch new vehicles?

Analysts are particularly eager for Tesla (NASDAQ: TSLA) to introduce the low-priced $25,000 car Musk previously teased. Maybe that low end car is not available at that price point any longer, due to a variety of material cost hikes issues, supply chain interruptions and chip shortages.

Either way, Musk can choose to deliver electric cars/trucks he has already de-buted. Is he losing momentum by trying to catch up on deliveries this year without launching new models?

SIRC can’t make the proprietary EV Charging Stations designed specifically for Tela’s vehicles by Tesla (NASDAQ: TSLA). However, it is watching closely the OEM plans of General Motors (NYSE: GM) and Ford (NYSE: F) plus others as they commit to electrify their car/truck fleets.

J.D. Power research has shown that electric car buyers like electric vehicles but are not brand loyal. That’s also great news for SIRC’s PLEMCo., subsidiary. A customers might stay wit
h an electric vehicle, but not necessarily Tesla. Stock Analysts Say Buy Tesla (NASDAQ: TSLA) Stock After Its $100 Bounce Higher Last Week, Based On Its Ability Make Profit And Upbeat Outlook For Electric Vehicles Despite Market Fluctuations From War News In Europe; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On 2022 EV Charging Station Growth For Its PLEMCo., Subsidiary

To SIRC’s PLEMCo., subsidiary, the after-market of EV Charging Stations will be a lucrative and multi-year opportunity. Consumers are not brand-loyal in electric vehicles and really don’t care who builds or brands the EV Charging stations they use often or on longer road trips. They want a relief from range anxiety.

SIRC sees opportunity for building EV Charging Stations for electric vehicles from General Motors (NYSE: GM), Ford (NYSE: F), Toyota (NYSE: TM) plus other domestic brands and off-shore OEM car companies. SIRC itself is an applicant for $80 million of government funding to build new EV Charging Stations.

Despite many new electric car/truck entries, Tesla is the EV company to watch as it sets the pace. Further, OEM car makers are watching as Tesla (NASDAQ: TSLA) sets new records for efficiency. It reported a cost efficiency figure of 29.3% last year vs. 25.6% the prior year. This is a closely watched figure in the automotive industry and reflects a no-fat industrial performance in the face of supply chain shortages and delays.

Tesla (NASDAQ: TSLA) is getting closer to expanding its footprint to Europe with a new factory in Germany. It is also expanding its existing facility in California.
Tesla (NASDAQ: TSLA) is raising the level of awareness of electric cars among investors and competitors.

SIRC is an alternative energy company with its core businesses in solar and roof-ing now. But it’s future could be different and even stronger if electric vehicles take off as researchers predict. Stock Analysts Say Buy Tesla (NASDAQ: TSLA) Stock After Its $100 Bounce Higher Last Week, Based On Its Ability Make Profit And Upbeat Outlook For Electric Vehicles Despite Market Fluctuations From War News In Europe; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On 2022 EV Charging Station Growth For Its PLEMCo., Subsidiary.

Consumers may know car brands, but in EV Charging Stations they are not brand loyal yet. They don’t care who installs them or brands them, they just want to see fast chargers liberally sprinkled along motorways to relive range anxiety.

General Motors (NYSE: GM) plans to introduce 30 all electric vehicle models globally by 2025, beginning with its first electric pickup truck being shown trade events— a competitor to Ford’s (NYSE: F) new ‘Lightning,’ an electric version of its best-selling ‘150’ pickup truck.

That’s more great news for Solar Integrated Roofing Corp. (OTC PINK: SIRC) and its PLEMCo. subsidiary.

SIRC is a proponent of an eco-system of green energy. The EV Charging Station sector is an important space for SIRC, in addition to its roofing, solar and re-chargeable solar battery businesses.

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

Source: Stock Market Press

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Nitin Harlalka

Nitin Harlalka is a Stock Market Press contributor who has covered financial market for close a decade. With a graduate degree in Economics, Nitin has been a freelance stock market and business journalist for a range of publications. Most recently, he has covered emerging industries such as cannabis and blockchain.