SunPower (NASDAQ: SPWR) Bets On Installation Marriage Between Solar And EV Charging By Teaming With Wallbox On Crossover Sales — Sees ‘Nearly 40%’ Of Solar Customers Also Have EV; Solar Integrated Roofing Corp. (OTC PINK: SIRC) In Both Sectors Will Benefit
SunPower (NASDAQ: SPWR) may be offering a marketing strategy to Solar Integrated Roofing Corp. (OTC PINK: SIRC) by teaming with Wallbox on crossover solar and EV electric plug sales — with its CEO Peter Faricy saying the Company sees that ‘nearly 40%’ of electric vehicle drivers also have solar. As a result, it has teamed with Wall box to cross-sell solar and EV wall plugs to customers. SIRC can do the same as it is in both sectors and David Massey, now Chairman and CEO, said on a recent ‘New To The Street” segment the Company is now beginning to focus on its EV Charging Station dedicated division.
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).
SunPower (NASDAQ: SPWR) Bets On Installation Marriage Between Solar And EV Charging By Teaming With Wallbox On Crossover Sales — Sees Nearly 40% Of Solar Customers Also Have EV; Solar Integrated Roofing Corp. (OTC PINK: SIRC) In Both Sectors Will Benefit
EV owners largely believe in socially-important, environmental safety and the cause of non-polluting fossil fuel vehicles. They also believe in solar. SunPower (NASDAQ: SPWR) management sees a ‘nearly 40%’ crossover link between solar and EV. As a result, they have teamed with EV plug installer Callbox so they can do both installations for clients who want solar and EV.
Peter Faricy, SunPower CEO (NASDAQ: SPRG), said, “SunPower is committed to simplifying solar and storage; extending that to electric vehicle adoption is a natural next step. As customers needs continue to evolve and expand, SunPower will develop and deliver the energy services necessary to help them.” SunPower (NASDAQ: SPWR) Bets On Installation Marriage Between Solar And EV Charging By Teaming With Wallbox On Crossover Sales — Sees ‘Nearly 40%’ Of Solar Customers Also Have EV; Solar Integrated Roofing Corp. (OTC PINK: SIRC) In Both Sectors Will Benefit
Enric Asunción, CEO and co-founder of Wallbox, said, “Making charging at home easier and less expensive has always been core to Wallbox’s vision. Our alliance with SunPower will further enable us to achieve this goal and support rising EV adoption. Combining EV charging and solar power is the natural next progression for our two industries and will make EV’s even more sustainable, not only benefitting for our consumers, but for the planet.”
SunPower plans to start offering installs of EV chargers this fall in Southern California, and expand to more regions and states throughout North America in the future, the Solar Power World article said. SunPower (NASDAQ: SPWR) Bets On Installation Marriage Between Solar And EV Charging By Teaming With Wallbox On Crossover Sales — Sees ‘Nearly 40%’ Of Solar Customers Also Have EV; Solar Integrated Roofing Corp. (OTC PINK: SIRC) In Both Sectors Will Benefit
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is already having a spike in sales. Solar Integrated Roofing Corp. (OTC PINK: SIRC) reported its sales reached $10+ million in June 2021, with recently-acquired Future Home Power (FHP) generating volume of $6+ million for the month. Because SIRC’s acquisition of FHP occurred on June 9, not all of its sales during the month will be recorded as SIRC’s sales. SIRC expects its record-breaking expansion and momentum to continue in the months ahead.
In July, SIRC’s sales jumped by some 600% to $10.5 million, compared to the same month the prior year. Massey of SIRC said in the interview with “New To The Street” that he forecasts sales of $100+ million in FY 2022 and doubling to $200 million in FY 2003. Those figures reflect revenue from acquisitions as well as internal/organic sales generated by its own sales leads and companies.
Massey added, “Taking our sustained sales momentum and recently announced share buyback program into account, I believe we are well positioned to create sustainable value for our shareholders over the long-term.” SIRC management, Massey, said he considers the jump in July sales just the “tip of the iceberg” to come for future volume for the Company. SunPower (NASDAQ: SPWR) Bets On Installation Marriage Between Solar And EV Charging By Teaming With Wallbox On Crossover Sales — Sees ‘Nearly 40%’ Of Solar Customers Also Have EV; Solar Integrated Roofing Corp. (OTC PINK: SIRC) In Both Sectors Will Benefit.i
SIRC Chairman and CEO Massey told shareholders on a live Q&A internet call that his dream for SIRC is to be a $250 million company with a $25 million profit. Massey emphasized that he believes SIRC is in a great growth space and is focused now on profitability, a national footprint and organic growth. Internal or organic growth is an important growth strategy for Massey and SIRC, not just growth by acquisition.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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