Tesla, Inc. (NASDAQ: TSLA) Plans To Enter HVAC Market With New HEPA Fil-ters To Create Energy Efficient Homes; Solar Energy/Battery/HVAC Business Model Perfect For Electric Car Maker; Other Companies Such As Solar-Driven Solar Integrated Roofing Corp. (OTC PINK: SIRC) Looking At HVAC Market
Tesla (NASDAQ: TSLA) is eyeing the solar/HVAC business model as it plans to enter HVAC market and create an efficient home of the future with the solar/HVAC/Battery and HEPA filter market next. Elon Musk, CEO, sent a twitter last week that “we will make super efficient home with HVAC with HEPA filters one day.” That sent the stock market scurrying for growth opportunities in HVAC. Companies like fast-growing Solar Integrated Roofing Corp. (OTC PINK: SIRC) is looking at opportunities in HVAC to complement its expanding solar roofing market.
stockmarketpress.com features specialized coverage of related stocks in the solar industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), Tesla, Inc. (NASDAQ: TSLA), SunPowerCorp. (NASDAQ: SPWR), Canadian Solar Inc. (NASDAQ: CSIQ) and Vivint Solar Inc. (NYSE: VSLR).
Tesla, Inc. (NASDAQ: TSLA) Plans To Enter HVAC Market With New HEPA Filters To Create Energy Efficient Homes; Solar Energy/Battery/HVAC Business Model Perfect For Electric Car Maker; Other Companies Such As Solar-Driven Solar Integrated Roofing Corp. (OTC PINK: SIRC) Looking At HVAC Market
Tesla And HVAC: Targeting A More Efficient Home
Tesla, Inc. (NASDAQ: TSLA) is making news on both the electric car front as well as its solar business, with Musk in the past saying that the company’s solar business will someday grow faster than electric cars. Now he announces on twitter that HVAC and accompanying HEPA filters will be a new market for Tesla in the future. Solar Integrated Roofing Corp. (OTC PINK: SIRC) and other companies are also looking into the HVAC sector for future growth.
The solar market is booming due to twin news. First, the election of pro-environment energy (solar and wind) Joe Biden and Kamala Harris is seen as signaling solar growth. One example is the 31.5% jump in stock in October for First Solar (NASDAQ: FSLR) and spike today (November 9, 2020) in share price. The second is the combination of Tesla news and the global increase in solar predicted by the International Energy Agency declaring in its annual report that solar will take a ‘starring role’ in the future growth in energy.
HVAC is a logical outgrowth of a booming solar industry. Solar Integrated Roofing Corp. (OTC PINK: SIRC), like Tesla, is looking into a logical business model to create a more efficient home. As Elon Musk sees a vision forward in solar/HVAC/storage batteries/HEPA filters to re-create the residential building code, firms such as Solar Integrated Roofing Corp. (OTC PINK: SIRC) see it as a important extension of their business model. Tesla, Inc. (NASDAQ: TSLA) Plans To Enter HVAC Market With New HEPA Filters To Create Energy Efficient Homes; Solar Energy/Battery/HVAC Business Model Perfect For Electric Car Maker; Other Companies Such As Solar-Driven Solar Integrated Roofing Corp. (OTC PINK: SIRC) Looking At HVAC Market.
Positioning Itself For A Solar Boom
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is positioning itself for a boom in the solar industry. His election could mean a doubling of annual solar deployments to meet a new administration goal of 500 million solar panels installed by 2025. Stock in First Solar (NASDAQ: FSLR) jumped 31.5% in October based on a possible Biden win and rose again today in early trading (November 9, 2020). The residential solar industry has been stimulated by legislation this year requiring that all new residences in California must be driven by solar. Solar Integrated Roofing Corp. (OTC PINK: SIRC), headquartered in Southern California, is now expanding into Albuquerque/Santa Fe metropolitan market in New Mexico as it eyes national growth. Tesla, Inc. (NASDAQ: TSLA) Plans To Enter HVAC Market With New HEPA Filters To Create Energy Efficient Homes; Solar Energy/Battery/HVAC Business Model Perfect For Electric Car Maker; Other Companies Such As Solar-Driven Solar Integrated Roofing Corp. (OTC PINK: SIRC) Looking At HVAC Market
“A Game-Changer For Solar”
Aneesh Prabhu, a senior director with S&P Global Ratings, said of the new administration’s goal of installing 500 million solar panels by 2025, “It’s clear this target would represent a game-changer for solar.” Tesla, Inc. (NASDAQ: TSLA) Plans To Enter HVAC Market With New HEPA Filters To Create Energy Efficient Homes; Solar Energy/Battery/HVAC Business Model Perfect For Electric Car Maker; Other Companies Such As Solar-Driven Solar Integrated Roofing Corp. (OTC PINK: SIRC) Looking At HVAC Market.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Ready To Grow In Anticipated Solar Boom Industry
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is moving quickly to grow in an anticipated larger solar installer marketplace — not just in California, but other states, too. SIRC recently acquired solar installers McKay Roofing and Milholland Solar and Electric Roofing. SIRC most recently has entered into a partnership with SunPower Corporation as a premier dealer in the New Mexico market.
For SIRC, this expansion is low cost because SIRC will utilize the company’s online infrastructure and virtual sales office. With a market of 1.1 million new customers and only a 5% penetration rate of solar energy from residential and commercial markets, this is an area ripe with opportunity.
More Expansion Ahead For Solar Integrated Roofing Corp (OTC PINK: SIRC)
Dave Massey, CEO of Solar Integrated Roofing Corp (OTC PINK: SIRC), states, “The timing (of the acquisition) is perfect for us to proceed with a major expansion into the Albuquerque strategy area. Our business strategy has always been to expand beyond Southern California and become an industry leader at the national level.” He said that his Company is currently exploring five additional metropolitan areas for future expansion locations. The company projects $2 million in new revenues over the next 12-18 months from the new expansion.
Source: Stock Market Press
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