Supply Chain Issues And Parts Shortages Mean Electric Vehicle Rivals Like Rivian Automotive (NASDAQ: RIVN) And Lucid Group (NASDAQ: LCID) Cannot Catch Up To Tesla (NASDAQ: TSLA) For Now; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On 2022 EV Charging Station Growth
Stock analysts who thought contenders like Rivian (NASDAQ: RIVN) and Lucid Group (NASDAQ: LCID) were going to crush and deliver a knockout blow to rival Tesla (NASDAQ: TSLA) underestimated the impact of supply chain snarls and parts shortages. They also miscalculated the success of Tesla in navigating those headwinds and its ability to run an efficient auto-making facility. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On 2022 EV Charging Station Growth.
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).
Supply Chain Issues And Parts Shortages Mean Electric Vehicle Rivals Like Rivian Automotive (NASDAQ: RIVN) And Lucid Group (NASDAQ: LCID) Cannot Catch Up To Tesla (NASDAQ: TSLA) For Now; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On 2022 EV Charging Station Growth
Wall Street bet big on Rivian’s (NASDAQ: RIVN) IPO late last year. In fact, half of Ford’s (NYSE: F) annual income came from its investment in Rivian. Wall Street noticed and discounted Ford’s valuation at the start of this year. Now Rivian is heavy with cash on its balance sheet, but acknowledges that it cannot deliver nearly as many vehicles as it hoped earlier this year.
Same is true with Lucid Group (NASDAQ: LCID). Management talked big about building electric cars, but now says it can’t deliver them.
Elon Musk, founder and CEO, predicted Tesla has told the stock market investors that the company will achieve an even 50+% performance YOY increase 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.
Tesla (NASDAQ: TSLA) is the EV company to watch as it sets the pace. Its problem is the other side of the electric car business. It can’t deliver all the vehicles it has orders for. So it has decided to take a year off from launching new vehicles — and Elon Musk, founder — has decided to focus on delivering all the orders it already has. Some Tesla buyers have been waiting for up to 10 months for the cars they have deposits on to be delivered.
Meanwhile, the OEM car industry has been 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.
SIRC is watching the OEM electric car wars with great anticipation for the EV Charging Station business to come. To SIRC, all of this competitive activity among established and new OEM brands means there is an underlying strength in electric vehicles and market investors believe that will win the automotive day.
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. Or it has been lost to new realities of the marketplace.
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.It’s also positive news to SIRC, which has signed an LOI agreement to acquire three more complementary LA-based EV Charging Station installers. Supply Chain Issues And Parts Shortages Mean Electric Vehicle Rivals Like Rivian Automotive (NASDAQ: RIVN) And Lucid Group (NASDAQ: LCID) Cannot Catch Up To Tesla (NASDAQ: TSLA) For Now; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On 2022 EV Charging Station Growth.
SIRC’s PLEMCo., subsidiary sees the after-market of EV Charging Stations as a lucrative and multiple-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 simply want more electric car driving confidence and want 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.
Tesla (NASDAQ: TSLA) is raising the level of awareness of electric cars among investors and competitors. It is planning on building its first European plant in Germany, although those plans could change with the energy situation in flux during the the Russian-Ukranian war.
SIRC is an alternative energy company with its core businesses in solar and roofing now. But now it announces it has refocused its business strategy to concentrate on EV Charging Station installation. Supply Chain Issues And Parts Shortages Mean Electric Vehicle Rivals Like Rivian Automotive (NASDAQ: RIVN) And Lucid Group (NASDAQ: LCID) Cannot Catch Up To Tesla (NASDAQ: TSLA) For Now; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On 2022 EV Charging Station Growth.
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 rechargeable solar battery businesses.
Supply Chain Issues And Parts Shortages Mean Electric Vehicle Rivals Like Rivian Automotive (NASDAQ: RIVN) And Lucid Group (NASDAQ: LCID) Cannot Catch Up To Tesla (NASDAQ: TSLA) For Now; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Bullish On 2022 EV Charging Station Growth
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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