David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sees Goal Of Becoming A NASDAQ SmallCap Stock By The End of FY 2022, Says More Acquisitions Ahead As SIRC Expands Its Footprint

David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), in an interview with host Jane King on The Stock Market Podcast, said he sees a realistic goal of becoming a NASDAQ SmallCap stock by the end of FY 2022. "That's our goal," he declared. He also addressed SIRC's future as a certified solar panel and Powerwall installer partner with solar roofing company Tesla (NASDAQ: TSLA). SIRC is expanding into more states and markets, continuing to grow by acquisition and its current Joint Venture agreement with Enerev, LLC.

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). dustry 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).

David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sees Goal Of Becoming A NASDAQ SmallCap Stock By The End of FY 2022, Says More Acquisitions Ahead As SIRC Expands Its Footprint

He said that SIRC management has been working diligently on completing its audit in preparation to become a fully-reporting company with the end-goal of an up listing to become a NASDAQ SmallCap company. "I know our shareholders are anxious for us to complete the audit," Massey told King on The Stock Market Podcast. "We are in the final stages of getting the audit completed. We have the Form 10 completed for the up listing."

Addressing The Joint Venture Agreement With Enerev, LLC

In the interview, Massey discussed SIRC's recently announced joint venture agreement with Enerev, LLC. He appeared optimistic about that relationship and said that the Joint Venture Agreement is a great opportunity for the two companies to "work out the bugs" before what could be a future acquisition. "Enerev has a three part revenue stream," he said. He described Enerev, LLC as first generating revenue from its own direct solar installations, second it gets revenue from third-party solar installations it arranges and third it has a great opportunity for more sales in the greater Phoenix, Arizona market. Enerev, LLC serves both the residential and commercial markets.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) and Enerev, LLC, announced on November 12 this year that they have signed a 30-day joint venture agreement to ensure a correct fit and successful combination if SIRC acquires Enerev in the future. The joint venture agreement is designed to ensure both companies will strategically align marketing, sales and operations of a combined business.It may also mean more cross-selling opportunities for SIRC. SIRCC back in September signed an LOI for acquiring Enerev, LLC.

More Sales Ahead For Solar Integrated Roofing Corp. (OTC PINK: SIRC)

Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC) told The Stock Market Podcast host Jane King, "Our main focus is roofing and solar." However, the company is "able to raise the amount of its (sales) tickets" he said by additionally partnering with Tesla (NASDAQ: TSLA) as a certified installer of that company's new solar roof system and its solar battery backup Powerwall product. The net result is that SIRC can install a significant system and generate additional revenue. "It's a beautiful, beautiful roofing system," Massey said. He noted that SIRC is bringing additional revenue in-house now from its A/C installation business. David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sees Goal Of Becoming A NASDAQ SmallCap Stock By The End of FY 2022, Says More Acquisitions Ahead As SIRC Expands Its Footprint.

SIRC's New Mexico Expansion In Partnership With SunPower

SIRC will continue to focus on sales within its home base of Southern California, Massey said, but it is also talking to nearby local roofing companies about acquisition possibilities. Massey discussed how the Company is expanding out of state and into more markets. For example, Solar Integrated Roofing Corp. (OTC PINK: SIRC) 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. Massey said in the interview that SIRC may some day also do a similar expansion model with SunPower Corporation into the Florida market as well.

Expansion Means Financial Growth For Solar Integrated Roofing Corp. (OTC PINK: SIRC)

As it grows organically and by acquisition, Solar Integrated Roofing Corp. (OTC PINK: SIRC) announced recently a 50+% spike in its volume YOY in September and October with sales of $3.3 million. The Company anticipates a record-breaking Q3. The sales jump was highly profitable with the Company expecting a 40% gross margin for both months combined. David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sees Goal Of Becoming A NASDAQ SmallCap Stock By The End of FY 2022, Says More Acquisitions Ahead As SIRC Expands Its Footprint.

$40+ Million Volume For SIRC Seen In Fiscal 2022

SIRC is also expanding and projects that its fast-track growth in California and other markets will generate greater than $40 million in fiscal 2022 revenues. In the current 2021 fiscal year, SIRC forecasts it would report $20 million in volume for the year ended February 28, 2021. David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sees Goal Of Becoming A NASDAQ SmallCap Stock By The End of FY 2022, Says More Acquisitions Ahead As SIRC Expands Its Footprint.

Solar Seen Growing At 35% CAGR Rate Through 2025: Research

A new research report,'Solar Energy Storage Market,' projects that solar is growing quickly -- expanding at a 35% CAGR through 2025. Off-grid homes, money-saving incentives, state legislation and a desire to reduce carbon footprints are some reasons for the growth. Solar Integrated Roofing Corp. (OTC PINK: SIRC) eyes cross-selling opportunities in solar, backup solar storage batteries, HVAC and contract electrical work -- adding up to larger sales 'ticket' per installation of multiple products.

To listen to the complete interview, go to The Stock Market Podcast or to one of several sites including Apple Podcasts, Google Podcasts and Spotify.

Learn more about SIRC at Solar Integrated Roofing Corp. (OTC PINK: SIRC).

Source: Stock Market Press

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