Tesla (NASDAQ: TSLA) Doubles Delivery Of EVs In Q2 2021 Ending June, Marking 5th Straight Quarter Of EV Delivery Growth; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Lucrative EV Charging Station Market, Projects Profitability In FY2022
Newest numbers show Tesla (NASDAQ: TSLA) in its Q2 ended in June, doubled EV deliveries to 201,250 compared to 90,891 last year, the company’s fifth straight quarter of vehicle delivery growth. It would give Tesla some $11.4 billion Q2 21 revenue, analysts say, and a five-fold skyrocket in its Q2 21 profit to $584 million vs. $104 million the same period last year, according to the Wall Street Journal. Charging station companies such as Solar Integrated Roofing Corp. (OTC PINK: SIRC) are bullish on the EV Charging Station space, as a spike in EV delivered vehicles reinforces the outlook for renewable energy sector.
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), Ford (NYSE: F), 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).
Tesla (NASDAQ: TSLA) Doubles Delivery Of EVs In Q2 2021 Ending June, Making 5th Straight Quarter Of EV Delivery Growth; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Lucrative EV Charging Station Market, Projects Profitability In FY2022
EV buyers may believe in EV, but they are not very brand loyal. Electric car owners ranked Tesla tops in EV: Model ’S’ placed first and ‘3’ was next, according to an ‘ownership’ survey by J.D. Power, which has been measuring new car owner satisfaction for years. Tesla (NASDAQ: TSLA) should not count on back-to-back buys because if drivers aren’t satisfied the first time around, the J. D. Power survey shows 82% may re-buy an electric vehicle — but, unless satisfied, only 25% will buy the same brand again, it finds. The spike in Tesla’s Q2 2021 EV delivered is the fifth straight in EV delivery growth for the company — making the outlook for EVs even brighter.
Tesla operates 23,277 Superchargers worldwide, with 1,101 stations located in North America. Tesla has the largest fast charging network globally. In just 15 minutes, Superchargers can add up to 200 miles more range. The Tesla Superchargers are proprietary — meaning that for other EV charging companies — that’s why Solar Integrated Roofing Corp. (OTC PINK: SIRC) charges all EV vehicle brands, not just one brand. The market is wide open for other public EV Charging Stations for the growing number of electric-vehicle brands, from GM (NYSE: GM) models to Ford (NYSE: F).
Tesla’s (NASDAQ: TSLA) has its own proprietary EV Charging Station network which is proprietary to Tesla itself. The Solar Integrated Roofing Corp. (OTC PINK: SIRC) dedicated EV Charging Station division, now operated by acquired Pacific Lighting Management Co. (or PLEMCo.), has a wider sector to service.
Brent Gruber, senior director of automotive at J.D. Power, said electric vehicle drivers surveyed are happiest with public charging infrastructure in the West but lowest in the West North Central region — which includes states Iowa, Kansas, Minnesota, Missouri, Nebraska and both Dakotas. Tesla owners may like their charging network best, but that means other charging companies like SIRC have opportunities ahead.
When it comes to brand loyalty, electric vehicle owners are no sure thing: “Brand loyalty can be fickle among EV owners,” Gruber said. “While early adopters of EV’s say they’ll remain loyal to EVs in general, staying with the same brand is not a sure thing.” Tesla (NASDAQ: TSLA) Doubles Delivery Of EVs In Q2 2021 Ending June, Marking 5th Straight Quarter Of EV Delivery Growth; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Lucrative EV Charging Station Market, Projects Profitability In FY2022.
Range is key to all EV owners — no one wants to run out of juice on the road — so the opportunity is there for SIRC and others who want to support the renewable green energy of EV vehicles. While 80%+ of all EV charges take place in the home, the future is bright for EV because as electric vehicle brand multiple demand for EV chargers — especially on longer road trips — will also increase. So, the future for SIRC and others in this space is great.
Of the roughly 42,000 public charging stations in the U.S., only 5,000 or so are direct current fast chargers. Solar Integrated Roofing Corp. (OTC PINK: SIRC) sees opportunity as it grows its EV Charging Station dedicated division. SIRC has applied for a Department of Energy (DOE) $20-$40 million grant, it said.
Massey said, “We recently applied for a Department of Energy grant, which could provide between $20-$40 million in funding to help support the build-out of dedicated electric vehicle (EV) charging solutions nationwide through our various operating brands.” Tesla (NASDAQ: TSLA) Doubles Delivery Of EVs In Q2 2021 Ending June, Marking 5th Straight Quarter Of EV Delivery Growth; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Lucrative EV Charging Station Market, Projects Profitability In FY2022.
As it grows, SIRC is already looking at more potential EV Charging Station target companies for future takeovers, according to David Massey, CEO of SIRC. Massey said, “Getting into EV charging was a really big move for us.” It began its dedicated EV Charging Station division by acquiring Pacific Lighting Management Co (or PLEMco), already operating in the space. Now it wants more.
SIRC’s advantage is that its solar, roofing and other projects have the company in the home already. That gives solar and roofing specialist SIRC a cross-selling opportunity to not only install a solar rechargeable system —– it is already an authorized installer of Tesla’s (NASDAQ: TSLA) PowerWall products — over recharging station firms only in public spaces.
The nearest competition in the future is a strategic partnership between Ford (NYSE: F)-Sunrun (NASDAQ: RUN) for Sunrun to install in the home a Ford EV charging system. Tesla (NASDAQ: TSLA) Doubles Delivery Of EVs In Q2 2021 Ending June, Marking 5th Straight Quarter Of EV Delivery Growth; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Lucrative EV Charging Station Market, Projects Profitability In FY2022.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) recently reported sharply higher volume of 87% to $17.1 million for its FY 2021 ended February 28, 2021. That compares to $9.1 million the prior year. Gross profits increased by 144% for the 2021FY To $3.5 million. SIRC continued its acquisition spree during the year and reaffirmed its guidance figure of at least $100 million in sales in the 12 months ended May 31, 2022. It also said it “expects” to reach profitability in FY 2022.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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