Timing Is Right For Global Solar Growth As Studies Forecast The Market Reach-ing $223.3 Billion By 2026 With CAGR Growth Of 20.5%; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Goal Is Achieving National Footprint, Up Listing And Expansion Into More States
COVID-19 may have interrupted the world’s supply lines and international trade, but long-term research studies show the global solar market growing at a 20.5% CAGR to USD $223.3 Billion By 2026. Other studies show the global solar market size projected to be USD $194.75 Billion by 2027 with a lower CAGR. Either way, it is growing fast and seen long term out-racing the immediate declines caused by the COVID-19 pandemic. Within the fast-growing marketplace Southern California solar powerhouse Solar Integrated Roofing Corp. (OTC PINK: SIRC) timing is everything including President-elect Joe Biden’s pro-reusable energy policies, California’s laws requiring solar in new residences and a national preference for cleaner, efficient homes.
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).
Timing Is Right For Global Solar Growth As Studies Forecast The Market Reaching $223.3 Billion By 2026 With CAGR Growth Of 20.5%; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Goal Is Achieving National Footprint, Up Listing And Expansion Into More States
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is in the right market at the right time. From a solid solar installation base in Southern California, the company is expanding into the Albuquerque/Santa Fe metropolitan market in New Mexico with its recent partnership with SunPower Corporation as a premier dealer in the New Mexico market. Timing Is Right For Global Solar Growth As Studies Forecast The Market Reaching $223.3 Billion By 2026 With CAGR Growth Of 20.5%; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Goal Is Achieving National Footprint, Up Listing And Expansion Into More States.
$2 Million In New Revenues Over The Next 12-18 Months
Dave Massey, CEO of Solar Integrated Roofing Corp (OTC PINK: SIRC), said, “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 expansion.
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. Timing Is Right For Global Solar Growth As Studies Forecast The Market Reaching $223.3 Billion By 2026 With CAGR Growth Of 20.5%; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Goal Is Achieving National Footprint, Up Listing And Expansion Into More States.
500 Million Solar Panels Installed By 2025 Driven By President-Elect Biden?
Meanwhile the election of Joe Biden and his pro-environment target of installation of 500 million solar panels within five years is vital. 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.”
Research: ’Demand For Solar Cells Has Gained Major Traction’
Research studies find that global solar is growing fast. Allied Market Research projects that worldwide global solar market is growing at a 20.5% CAGR to USD $223.3 Billion By 2026. The report states, “The demand for solar cells has gained major traction in owing to surge in rooftop installations, followed by increase in applications in the architectural sector.” Timing Is Right For Global Solar Growth As Studies Forecast The Market Reaching $223.3 Billion By 2026 With CAGR Growth Of 20.5%; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Goal Is Achieving National Footprint, Up Listing And Expansion Into More States.
COVID-19 Pandemic Can Delay Solar Installations But Not Prevent Long-Term Growth
According to a new (November 2020) study by Fortune Business Insights, the global solar market the global solar market size is projected to be USD $194.75 Billion by 2027, growing at a CAGR of 5.9% during the forecast period from 2020-2027. To request a sample PDF of that report go to Fortune Business Insights. Even the pandemic, is says, can only delay solar — but will not prevent its growth. “Major solar equipment suppliers have observed production delays due to COVID-19, resulting in a huge backlog for fulfilling orders.”
Market Up Listing And National Footprint, Wall Street Has Noticed Goals
This market is growing fast and Solar Integrated Roofing Corp. (OTC PINK: SIRC), headquartered in Southern California, is now expanding into more states as it eyes national growth, a market up listing and a national footprint. Even Wall Street observers have spotted this small cap pure play Solar Integrated Roofing Corp. as a company to watch in the solar/renewable energy sector. One analyst termed the company a ‘niche leader’ in the sector and called it ‘energy savvy.’ The analysis cited the company’s record-breaking September 2020 revenues of $1.2 million as a sign of great growth.
Solar Usage In California Required In 2020 New Homes — Copycat Legislation In Other States, Too?
The California solar legislation makes it the first state in the nation to mandate solar usage to drive electricity in residential buildings three stores or lower, but the trend to require solar in all new homes in California is being watched very carefully by other states. The residential solar industry has been stimulated by legislation this year requiring that all new residences in California must be driven by solar. Massachusetts, for example, is looking at adopting similar legislation and other states are too, according to website Solar Industry.
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 the solar installer marketplace. SIRC recently acquired solar installers McKay Roofing and Milholland Solar and Electric Roofing.
Source: Stock Market Press
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