Solar Integrated Roofing Corp. (OTC PINK: SIRC) Partners With Several San Diego Builders Initially Adding 500 New Homes To Its Project Pipeline Repre-senting Some $6.5 Million In New Solar And Roofing Revenue
Solar Integrated Roofing Corp. (OTC PINK: SIRC) today announced (November 24, 2020) it has expanded its opportunity into the $1 billion new home market market by establishing a strategic partnership with Several San Diego Builders. Its initial entry into the new residential housing development market will mean new roofing and mandated solar installations at some $13,000 apiece additional revenue per 500 new homes. It means total new revenue of $6.5 million for SIRC.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR),, SunPowerCorp. (NASDAQ: SPWR), Canadian Solar Inc. (NASDAQ: CSIQ) and Vivint Solar Inc. (NYSE: VSLR).
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Partners With Several San Diego Builders Initially Adding 500 Homes To Its Project Pipeline Representing Some $6.5 Million In New Solar And Roofing Revenue
State regulations requiring solar of new residences in California plus the new roofing work means Solar Integrated Roofing Corp. (OTC PINK: SIRC) by partnering with several small and medium sized San Diego county builders will mean $6.5 million in new revenue, considering the solar and roofing work initially at $13,000 in revenue per home. And it could grow higher if the company cross-sells battery storage units, such as Tesla, Inc.'s (NASDAQ: TSLA) line of Powerwall battery storage products.
The New Strategies Partnerships Present SIRC With An "Upside Opportunity"
David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), said, "In addition to the roofing and solar revenue from each new housing development, we maintain the upside opportunity to sell the end home buyer additional solar or battery storage solutions, creating an exciting new sales pipeline for our growing team. I look forward to continued growth into 2021 and beyond as we work to create value for our shareholders."
Investors Flock To The EV Battery Charging Sector
The upside opportunity for additional sales for Solar Integrated Roofing Corp. (OTC PINK: SIRC) in the new home market also includes the red-hot battery charging industry. The niche solar energy battery storage market is projected to reach $1.8 billion by 2026, growing at a CAGR of 34.5%. Key to SIRC is additional cross-selling revenue by selling new home buyers solar battery units such as Tesla Inc.'s (NASDAQ: TSLA) own Powerwall line of lithium-ion solar batteries.
SIRC is a certified installer of Tesla's solar panel roofs as well as its Powerwall line of lithium-ion solar batteries. Solar is mandated on new residences in California. Tesla's line of upscale solar roofing and Powerwall line of lithium-ion solar batteries can store energy for evening or cloudy day use power generated by solar. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Partners With Several San Diego Builders Initially Adding 500 New Homes To Its Project Pipeline Representing Some $6.5 Million In New Solar And Roofing Revenue.
EV Battery Charging Market Stocks Are Spiking On Wall Street
Tesla, Inc. (NASDAQ: TSLA) stock has already jumped by more than 500% this year -- due to success and innovations in solar energy and solar battery chargers, EV transportation and Space X. Wall Street analysts are already forecasting that TSLA stock will reach a post-split $1,000 per share after the company was recently named to the S&P 500. Analysts see the EV electric car industry jumping from 3% market share in the total vehicle market to some 10% by 2025. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Partners With Several San Diego Builders Initially Adding 500 New Homes To Its Project Pipeline Representing Some $6.5 Million In New Solar And Roofing Revenue.
Battery Storage Units Are An Add-On Sale For Solar Installers
EV battery charging is a booming industry. Blink Charging Co. (NASDAQ: BLNK) shares have almost tripled in price in just the past six days to greater than $32 a common share based on investor interest in the $17.6 billion EV charging industry. Blink is ramping up its employee numbers by some 30% as it offers a cable solution for new and retrofits of electric charging stations. The company believes it is the most resourceful resource for EV charging company with innovations in solar, off-grid and modular EV charging. In the first three quarters of 2020, its sales have grown 84% to $3.8 million vs. $2.8 million for the full 2019 year.
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 SIRC 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).
David Massey Says SIRC Will Become A NASDAQ SmallCap Company By Late FY 2022
Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), 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 Jane King in a recent The Stock Market Podcast interview.
Main Focus For Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Roofing And Solar
Massey 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 solar roofing system plus solar battery and generate additional revenue.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Achieves A 50+% Spike In Volume YOY In September And October With Sales Of $3.3 Million
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 2020 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.
Massey of Solar Integrated Roofing Corp. (OTC PINK: SIRC) 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.
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.
Learn more about SIRC at Solar Integrated Roofing Corp. (OTC PINK: SIRC).
Source: Stock Market Press
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