Solar Integrated Roofing Corp. (OTC:SIRC) Major Bull Run as Solar & EV Space Heats Up and PLEMCo EV Gains Traction

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Solar Integrated Roofing Corp. (OTC:SIRC) Major Bull Run as Solar & EV Space Heats Up and PLEMCo EV Gains Traction
Solar Integrated Roofing Corp. (OTC:SIRC) Major Bull Run as Solar & EV Space Heats Up and PLEMCo EV Gains Traction


Solar Integrated Roofing Corp. (OTC:SIRC) is making a powerful run northbound in recent trading rocketing up off its base at $0.15 to recent highs well over $0.50 per share and plenty more room to grow. SIRC was one of the biggest runners of early 2021 skyrocketing to $3 per share. There are a lot of catalysts at play here including a compelling chart setup, the right sector at the right time, partnership with Tesla for solar installations, Market Cap only $229M and YTD sales over $110 million with management looking to up list SIRC to Nasdaq and predicting $400 million in revenues for 2022. SIRC was projected by Goldman Small Cap Research to be the fastest growing solar company by percentage among its public peers in the 2020-2021 period if it hits estimates which SIRC has not only hit but substantially surpassed. The timing could not be better for SIRC to make another serious run northbound as EV & Solar stocks heat up across the board.

On August 2 SIRC announced its electric vehicle (EV) charging subsidiary PLEMCo will be a featured sponsor at Fully Charged Live North America – the world’s largest electric vehicle show – taking place September 10-11, 2022 in San Diego, California. SIRC CEO David Massey stated: “We are thrilled to have PLEMCo present at Fully Charged Live, the world’s largest EV show, allowing our team to network with some of the largest players in the industry. I look forward to Brad’s panel discussion on carbon footprint reduction and how the proliferation of EVs, paired with a robust public charging network such as those offered by PLEMCo, can help to reduce the impact of climate change while creating value for our shareholders. This exciting industry spotlight, paired with PLEMCo’s recent inclusion in New York State’s Charge Ready program, positions us for significant growth in EV charging revenues outside of our Southern California core. This exciting addition also comes on the heels of several multi-million-dollar contract wins in Los Angeles County as of late, further fortifying our backlog in what will be a record year for our fast-growing company.”

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company’s broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. The Company operates under the following brands: Cornerstone Construction, Enerev Solar, PLEMCo, Future Home Power, Balance, Montross Companies, McKay Roofing co, Sunpower by Miholland Electric, Secure Roofing & Solar, USA Solar Networks, Approved Home pros, and SunUp Solar .

Solar Integrated Roofing Corp. (OTC:SIRC) Major Bull Run as Solar & EV Space Heats Up and PLEMCo EV Gains TractionThe Company’s EV division has benefited from a significantly expanded near-term EV charging project pipeline. PLEMCO, part of the SIRC family of companies, was recently one of only 16 firms in the country awarded a 5-year Blanket Purchase Agreement from the US General Services Administration as part of the $5 billion in federal funds allocated to electric vehicle charging installations in the Biden Administration’s Infrastructure Bill. Management believes PREMCO is particularly well positioned relative to competitors to secure contracts from the $5 billion allocation of federal funds given its long history of successful contract work with the US General Services Administration. In addition, the EV division is currently working with 116 car dealerships nationwide to provide EV charging stations for their future electric fleets. Additionally, the Company has implemented standardized cross selling processes between Commercial Solar and EV to increase aggregate sales opportunities. Preliminary unaudited year-to-date sales for the EV Division were $14.4 million as of May 20, 2022.

Solar Integrated Roofing Corp.  Announces Acquisition of USA Solar Network, Concluding Near-Term Rollup EffortsSolar Integrated has been seeing rapid growth across the board. The Company’s roofing division experienced strong performance in the first half of 2022, with over 700 contracts signed year to date. During a recent storm in Arkansas, the Roofing sales teams sold 120 roofs, demonstrating an effective sales, targeted strategy targeting potential customers during times of need. The Roofing division had preliminary unaudited year-to-date sales of $9.3 million as of May 20, 2022.

Solar Integrated Roofing Corp on Twitter: The Company’s Residential Solar Division’s dealer network now contains over 250 independent sales teams doing business in over 40 states across the country. The division is currently projecting annual totals of 5,000 solar installs totaling over 30 megawatts for 2022. Residential Solar’s preliminary unaudited year-to-date sales were $44.4 million as of May 20, 2022. SIRC Commercial Solar division sustained its momentum in 2022, receiving another $13 million in commercial projects in need of development after a recent attendance at SolarCon, a leading industry conference. The division is currently working to provide an alternative energy solution to granite yards throughout Southern California, and has also entered into a co-development agreement with Lux Power to provide solar PPAs to over 15 Georgia schools. Preliminary unaudited year-to-date sales for the Commercial Solar Division were $39.3 million as of May 20, 2022.

in May the Company provided a corporate update with recent highlights from its key divisions, while concurrently announcing record year-to-date sales of $110.0 million (preliminary, unaudited) as of May 20, 2022. Management continues to believe its annualized sales run rate could potentially exceed $400 million by the end of 2022.

In July SIRC announced the introduction of an innovative new solar financing product to non-profit entities. The low income, no credit score solar financing product – funded through a joint venture with Renewable Energy Products Manufacturing (“REPM”) – unlocks new commercial scale solar opportunities for SIRC in a sector with minimal competition due to historical financing difficulties. This new financing agreement allows nonprofits to quickly meet their sustainability goals and lower power costs with no upfront expense.

Solar stocks are rocking today!!!!$SIRC +25%$GSFI +77.8% pic.twitter.com/CKwc30pho1

— Backstabbed (@Backstabbed14) August 8, 2022

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SIRC

PLEMCo HOMEOn August 2 SIRC announced its electric vehicle (EV) charging subsidiary PLEMCo will be a featured sponsor at Fully Charged Live North America – the world’s largest electric vehicle show – taking place September 10-11, 2022 in San Diego, California. Fully Charged Live brings the best brands, a variety of visitor attractions, test drives and a wide selection of EVs together for a two-day event. The show will host indoor and outdoor exhibits including approximately 100 electric vehicles and 100 exhibitors showcasing related technologies.

The event features 30 live panel discussions for attendees, spanning two theaters on-site. On September 11th, PLEMCo CEO Brad Rinehart will lead a panel entitled “America’s Energy Consumption Conundrum” to share different opportunities for American consumers to reduce their personal carbon footprints.

SIRC CEO David Massey stated: “We are thrilled to have PLEMCo present at Fully Charged Live, the world’s largest EV show, allowing our team to network with some of the largest players in the industry. I look forward to Brad’s panel discussion on carbon footprint reduction and how the proliferation of EVs, paired with a robust public charging network such as those offered by PLEMCo, can help to reduce the impact of climate change while creating value for our shareholders. This exciting industry spotlight, paired with PLEMCo’s recent inclusion in New York State’s Charge Ready program, positions us for significant growth in EV charging revenues outside of our Southern California core. This exciting addition also comes on the heels of several multi-million-dollar contract wins in Los Angeles County as of late, further fortifying our backlog in what will be a record year for our fast-growing company.”

Amazing DD thread about $SIRC worth taking a look at 👇🏼 https://t.co/qyuLcRZDHe

— LADE BACKK (@LadeBackk) August 3, 2022

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Currently trading at a $229 million market valuation SIRC has 521,087,478 shares outstanding and is almost maxed out as authorized shares is at 560 million. The float is just 327,236,921 shares and SIRC can move fast. The stock is a legendary runner that skyrocketed in early 2021 from current levels to $3 per share. Now SIRC is moving northbound with power and the Company is reporting record revenues as a result of an aggressive acquisition strategy with YTD sales over $110 million and $400 million in 2022 projected revenues. SIRC has a partnership with Tesla for solar installations and management is looking to up list SIRC to Nasdaq. On August 2 SIRC announced its electric vehicle (EV) charging subsidiary PLEMCo will be a featured sponsor at Fully Charged Live North America – the world’s largest electric vehicle show – taking place September 10-11, 2022 in San Diego, California. SIRC CEO David Massey stated: “We are thrilled to have PLEMCo present at Fully Charged Live, the world’s largest EV show, allowing our team to network with some of the largest players in the industry. I look forward to Brad’s panel discussion on carbon footprint reduction and how the proliferation of EVs, paired with a robust public charging network such as those offered by PLEMCo, can help to reduce the impact of climate change while creating value for our shareholders. This exciting industry spotlight, paired with PLEMCos Recent inclusion in New York State’s Charge Ready program, positions us for significant growth in EV charging revenues outside of our Southern California core. This exciting addition also comes on the heels of several multi-million-dollar contract wins in Los Angeles County as of late, further fortifying our backlog in what will be a record year for our fast-growing company.” We will be updating on SIRC when more details emerge so make sure you are subscribed to Microcapdaily.

Disclosure: we hold no position in SIRC either long or short and we have not been compensated for this article.





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2022-08-08 20:17:39

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