Why Did Ford’s (NYSE: F) Stock Fall Almost 10% Friday After It Reported A Rec-ord Net Profit Of $17.9 Billion For 2021? The Answer: Roughly Half Of Last Year’s Profit Was A Paper Gain On Rivian’s Electric Vehicle IPO; Solar Integrated Roof-ing Corp. (OTC PINK: SIRC) Sees Opportunity For PLEMCo. Subsidiary And EV Charging Station Demand
Wall Street investors know a paper gain on an IPO when they see one. Ford Motor (NYSE: F) stock fell almost 10% Friday after the company reported a record-breaking net profit of $17.9 billion for 2021. Problem is that roughly half of that profit was a paper gain made on Ford’s equity in the successful Rivian Automotive (NASDAQ: RIVN) electric car IPO last Fall. Ford is locked in an EV vehicle leadership battle with General Motors (NYSE: GM). GM says is all in, even suspending its dividend to fund its infrastructure building costs on EVs. Solar Integrated Roofing Corp. (OTC PINK: SIRC) sees opportunity in all this for its PLEMCo. subsidiary and EV Charging Station demand.
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).
Why Did Ford’s (NYSE: F) Stock Fall Almost 10% Friday After It Reported A Record Net Profit Of $17.9 Billion For 2021? The Answer: Roughly Half Of Last Year’s Profit Was A Paper Gain On Rivian’s Electric Vehicle IPO; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Opportunity For PLEMCo. Subsidiary And EV Charging Station Demand
In a move that will soon drive demand for EV Charging Stations in North America, General Motors (NYSE: GM) has now raised its sales target for electric vehicles to 400,000 in North America in 2022-2023 compared to only 25,000 Bolt models sold last year. If the target sales are met, it could mean a spectacular opportunity for Solar Integrated Roofing Corp. (OTC PINK: SIRC) and its PLEMCo. Subsidiary that builds EV Charging Stations.
Automotive analysts see the Ford (NYSE:F) and General Motors (NYSE: GM) battle for leadership in the electric car trucks as unresolved. Some say Ford is winning, while others side with GM. All agree that the front for electric vehicle leadership will not be won soon, and that the major initial battle between these titans will be in…pickup trucks. On the front lines with be the electric Ford Lightning and GM’s Silverado. They are high margin, taking orders and are fighting for the heart of middle, blue collar America.
So, where is the leader-to-date Tesla (NASDAQ: TSLA) in all of this. It leads in electric cars, has debuted its truck and owns 56% of the EV Charging Station business. Why Did Ford’s (NYSE: F) Stock Fall Almost 10% Friday After It Reported A Record Net Profit Of $17.9 Billion For 2021? The Answer: Roughly Half Of Last Year’s Profit Was A Paper Gain On Rivian’s Electric Vehicle IPO; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Opportunity For PLEMCo. Subsidiary And EV Charging Station Demand.
Mary Barra, CEO of GM, says the Company is focusing on selling more electric vehicles now — rather than posting a profit. Ford wants a profit in electric vehicle right away. GM, she said, is now looking to build its third electric truck plant. GM is now only chasing electric market leader Tesla (NASDAQ: TSLA), it is all-in on the electric vehicle business model.
Barra says GM will continue to suspend its dividend payments to shareholders and use that funding instead to pay for its investment in electric vehicle production, infrastructure and marketing.
Meantime, Ford (NYSE: F) is forecasting higher profits for next year. Its primary advantage is that its Lightning electric version of its best selling 150-pickup truck is sold out in advance and will launch far prior to the debut of GM’s electric version Silverado.
As Ford and GM go toe-to-toe, SIRC’s PLEMCo., is well positioned to install EV Charging Stations for either or both OEM electric car/truck makers. In short, SIRC wins no matter which OEM company becomes an industry leader. Why Did Ford’s (NYSE: F) Stock Fall Almost 10% Friday After It Reported A Record Net Profit Of $17.9 Billion For 2021? The Answer: Roughly Half Of Last Year’s Profit Was A Paper Gain On Rivian’s Electric Vehicle IPO; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Opportunity For PLEMCo. Subsidiary And EV Charging Station Demand.
And either or both together will form an important competitive force to leader Tesla (NASDAQ: TSLA). As market leader, Tesla has all the business it can handle. In fact, it is so backed up that in 2022 it is focusing on delivering already-ordered cars/trucks rather than launch new models.
Sales for GM rose a modest 3.7% last year, she said, as chip shortages and supply chain delays cost the Company sales late in the year. Its Q4 income dropped 39%, she added. But its guidance for 2022 is profit in the range of $9.4-$10.8 billion.
In all of this, Ford CEO Jim Farley, says, “We’re at the very beginning of this journey.” He foresees a long competitive race for electric vehicle leadership, and he’s right. From year-to-year, a American brand can dominate electric vehicles with new models and entrenched leadership. The lead can change hands, as well. But SIRC’s PLEMCo., will win no matter which company sells more electric vehicles in any given year.
Research studies cannot keep up with the growth. Electric charging stations are projected to reach $111.90 Billion by 2028 with a 30.26% CAGR jump, says Fortune Business Insights. Maybe that projection is too little in the context of all-in electric vehicle production efforts.
SIRC’s advantage is that its installers are already performing solar work in the home — where some 80% of EV charging takes place, the government says. But it is also watching partnership agreements between EV Charging Station companies and OEM electric car makers and other retailers allied to the field — such as Bridgestone-owned Firestone aftermarket auto repair/tire centers.
If Biden is to hit his goal of a government-owned fleet of 500,000 electric vehicles — and hit 2030 carbon pollutant-reduction goals — he will need to fund the building of more EV Charging Stations. That’s great news for installers like SIRC and its PLEMCo. subsidiary.
Why Did Ford’s (NYSE: F) Stock Fall Almost 10% Friday After It Reported A Record Net Profit Of $17.9 Billion For 2021? The Answer: Roughly Half Of Last Year’s Profit Was A Paper Gain On Rivian’s Electric Vehicle IPO; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Opportunity For PLEMCo. Subsidiary And EV Charging Station Demand
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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