Solar Integrated Roofing Corp.'S (Otc Pink: Sirc) Sales Projected To Reach $38.5 Million In Fy 2022, $90 Million In Fy 2023 At Substantial Positive Profit In Both Years; $0.25 Price Target Set For 3 6 Months: Goldman Small Cap Research

Goldman Small Cap Research released its Opportunity Research report today (December 1, 2020) projecting that Solar Integrated Roofing Corp.'s (OTC PINK: SIRC) sales are projected to reach $38.5 Million In FY 2022, $90 Million In FY 2023 at a positive Operating and Net Profit in both years. The Goldman report also set a $0.25 Price Target for 3-6 Months and envisions a stock price target "north" of $0.50 in 12-18 months. "SIRC is currently hitting on all cylinders," the analysis concludes as the company expands its solar footprint with organic and acquisition growth.

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), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPowerCorp. (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK) and Canadian Solar Inc. (NASDAQ: CSIQ).

Solar Integrated Roofing Corp.'s (OTC PINK: SIRC) Sales Projected To Reach $38.5 Million In FY 2022, $90 Million In FY 2023 At Substantial Positive Profit In Both Years; $0.25 Price Target Set For 3-6 Months: Goldman Small Cap Research

Solar Integrated Roofing Corp.'s (OTC PINK: SIRC) is operating on a February fiscal year. The Goldman Small Cap Research report by Senior Analyst Rob Goldman forecasts that SIRC will reach $38.5 million volume in fiscal 2022 (2021) and $90 million in FY 2023 (2022). The Company will attain both positive operating and net income after taxes both years. The report says that SIRC could represent "the greatest upside in the sector in the near term and intermediate term." It also says that as SIRC acquires more solar-related firms, it gains more meaningful efficiencies in operations.

Report Sees Further Solar Integrated Roofing Corp.(OTC PINK: SIRC) M&A Executed

The analysis by Goldman Small Cap Research finds that the Company's growth will attract other eyes. "Finally, as the SIRC footprint increases beyond the SoCal market the Company could be considered a takeover candidate. With a dominant local or regional market share and a valuation discount relative to its peers that is likely to remain, SIRC the takeover target may look too tempting to pass up as early as 2022," it said.

A Perfect Storm Of Solar Opportunities

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is thriving in a perfect storm of solar opportunities and has its eyes on a national footprint and an up listing to the NASDAQ SmallCap stock exchange. Solar Integrated Roofing Corp.'s (OTC PINK: SIRC) Sales Projected To Reach $38.5 Million In FY 2022, $90 Million In FY 2023 At Substantial Positive Profit In Both Years; $0.25 Price Target Set For 3-6 Months: Goldman Small Cap Research.

David Massey, CEO, is overseeing a multi-revenue stream growth strategy that includes a fast-growth multi-dimensional plan: entering the new home market, certification to install Tesla (NASDAQ: TSLA) solar roofs and its Powerwall line of lithium-ion solar batteries, a new joint venture with Enerev, LLC, possibly leading to a purchase, plus a string of acquisitions of numerous solar and HVAC companies.

SIRC itself forecasts a volume of $40 million for FY 2022 -- slightly north of the $38.5 million projected for it that year by the new Goldman report. Similarly, Massey of Solar Integrated Roofing Corp. (OTC PINK: SIRC) projects that its fast-track growth will generate revenues of $20 million for the FY ending February 28, 2021, almost precisely the $19.8 million estimated by the report.

A Profitable Turn, Exponential Sales Growth For Solar Integrated Roofing Corp. (OTC PINK: SIRC)

The Goldman Report specifies when SIRC will become profitable. It estimates sales of $38.5 million in FY 22 when it sees a positive operating income of $1,040,000 and a net income of $1,370,000. In FY 23, it forecasts a volume of $90 million, a positive operating income of $8,640,000 and a net income after taxes of $7,769,000.

It sees exponential growth for Solar Integrated Roofing Corp. (OTC PINK: SIRC) as it continues its growth formula of organic and acquisition growth as its increases its volume and growth geographic footprint, the report says. Solar Integrated Roofing Corp.'s (OTC PINK: SIRC) Sales Projected To Reach $38.5 Million In FY 2022, $90 Million In FY 2023 At Substantial Positive Profit In Both Years; $0.25 Price Target Set For 3-6 Months: Goldman Small Cap Research.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) has been aggressive on multiple fronts as it grows its volume, multi-state footprint from its Southern California base into New Mexico and possibly Arizona in the future, enters a joint venture with acquisition candidate Enerev, LLC, and enters with new home market in solar-mandated California. It has also entered New Mexico in partnership with solar installer SunPower Corporation as its premier dealer.

Cross Selling Opportunities For SIRC Include Solar Systems, Roofs, Solar Storage Batteries And HVAC Systems

In a recent The Stock Market Podcast, he told host Jane King that in the future SIRC may also expand to the East Coast with Sun Power Corporation again into Florida with the same business model. SIRC is also a certified Tesla, Inc. (NASDAQ: TSLA) installer of its solar roofs and Powerwall line of lithium-ion solar batteries.

SIRC Pursues Multi-Dimensional Growth Strategy

A perfect storm of expansion for Solar Integrated Roofing Corp. (OTC PINK: SIRC) is occurring: geographic expansion, acquisitions, new home market, joint ventures, partnerships and entry into multiple more states. The goals for Massey are clear: becoming an up listed NASDAQ SmallCap Stock, achieving $40 million in revenue by FY 2022 and growing to a national footprint. It projects $20 million in revenue for its FY ending February 28, 2021.

It could be even higher if SIRCs team is able to cross-sell more add ons such as Tesla's (NASDAQ: TSLA) Powerwall storage battery units and new HVAC installations for new residences. As California's law now mandates solar energy for new residences built in 2020 and beyond, this is a perfect solar storm of opportunities for SIRC.

New Strategies And Partnerships Present SIRC With Multiple Solar Opportunities

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."

SIRC A Certified Tesla (NASDAQ: TSLA) Solar Installer

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.

David Massey Projected SIRC Will Become A NASDAQ Small Cap Company By Late FY 2022

David Massey, CEO of the Company, 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. Tesla is now a new member of the S&P Index.

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 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.

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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