Solar Roofing Expansion By State Is Key: SunPower (NASDAQ: SPWR) Plans To Double Installs In 2021 With Expansion To Seven New Markets In Six States; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Solar Footprint

SunPower (NASDAQ: SPWR) announces an aggressive solar roofing expansion plan: seven new markets across six states by end of Q2 2021. It plans to double YOY solar roof installs. SunPower was named late last year as the premier solar dealer of Solar Integrated Roofing Corp. (OTC PINK: SIRC) in New Mexico as SIRC continued to expand its own solar footprint by state and adjacent sector.

Last week, SIRC closed on the acquisition of solar company Enerev LLC as it grows its annual revenue run rate and expands its solar impact into EV charging stations, new home installations and all-electric tractors for clean energy.

stockmarketpress.com features specialized coverage of related stocks in the so- lar, roofing and battery charging energy industry such as Solar Integrated Roof- ing 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), SunPower (NASDAQ:

SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK) and Canadian Solar Inc.

(NASDAQ: CSIQ).

Solar Roofing Expansion By State Is Key: SunPower (NASDAQ: SPWR) Sets 2021 Expansion In Seven New Markets In Six States By End Of Q2 2021; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Solar Footprint

The SunPower (NASDAQ: SPWR) expansion calls for entry into the following markets in the first quarter of 2021: Tucson, Arizona; Fresno and Greater Central Valley, California; Orlando and Ft. Lauderdale, Florida. Later in 2021 it plans to enter into Denver, Colorado; Raleigh, North Carolina; and the D.C. Metro Area.

Together, they are part of a plan to double SPWR's YOY solar roof installations.

SunPower (NASDAQ: SPWR) Part Of Solar Integrated Roofing Corp.'s (OTC

PINK: SIRC) Expansion Plan Into New Mexico

Late last year, as SIRC was expanding its solar program by state, SPWR was named as SIRC's premier solar dealer in New Mexico. Solar Integrated Roofing Corp.'s (OTC PINK: SIRC) has been aggressive in growing its own solar system sales by entering a number of adjacent clean energy sectors. Solar Roofing Ex- pansion By State Is Key: SunPower (NASDAQ: SPWR) Plans To Double Installs In 2021 With Expansion To Seven New Markets In Six States; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Solar Footprint.

They include for SIRC: a dedicated new division for the EV battery charging mar- ket; acquisition of solar company Enerev LLC; new alliance with San Diego builders to enter the new home business in that market; agreement with Solec- trac, Inc., an all-electric tractor developer and manufacturer located in Northern California. The company is now 24% owned by Ideanomics (NASDAQ: IDEX).

Solectrac is an applicant for a $500 million USTDA grant.

Tesla, Inc. (NASDAQ: TSLA) Names Solar Integrated Roofing Corp. (OTC

PINK: SIRC) Certified Installer Of Its Powerwall Solar Battery Storage Units

Reinforcing its commitment to solar and clean energy, SIRC was named by Tesla (NASDAQ: TSLA) as a certified installer of its branded Powerwall solar battery storage units. Now, both are also in the EV battery charging station industry — as SIRC has established a dedicated EV battery charging station division. Solar Roofing Expansion By State Is Key: SunPower (NASDAQ: SPWR) Plans To Double Installs In 2021 With Expansion To Seven New Markets In Six States; So- lar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Solar Footprint.

SIRC's Cash And Stock Transaction For Enerev LLC

Solar Integrated Roofing Corp. (OTC PINK: SIRC) recently continued its quick acquisition pace of buying solar companies when, in a cash and stock transac- tion, it closed on its purchase of Enerev LLC. Solar Roofing Expansion By State Is Key: SunPower (NASDAQ: SPWR) Plans To Double Installs In 2021 With Ex- pansion To Seven New Markets In Six States; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Solar Footprint.

SIRC Sees Favorable Clean Energy, Solar Legislation Tailwinds Ahead

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is optimistic about 2021 per- formance because the Biden Administration is pro-clean energy investment. In its first week, the new administration canceled Keystone Oil Pipeline permits and rejoined the Paris Climate Accords. It has taken a positive view of state man- dates that set specific years for new EV vehicles and appears to want even more. It has set plans for all new government vehicles to be all electric, using clean energy and EV charging stations.

SIRC Sees Sees Opportunity Ahead In Solar With Larger Sales Tickets

David Massey, SIRC CEO, said of the company's entry into new home develop- ments alongside several San Diego builders, "In addition to the roofing and solar revenue from each new housing development, we maintain the upside opportuni- ty to sell the end home buyer additional solar or battery storage solutions, creat- ing an exciting new sales pipeline for our growing team."

SIRC Shares Seen Trading North Of $1.00 And Beyond In 2021By Goldman

Small Cap Research

Goldman Small Cap Research in an updated report in January 2021, explained that SIRC's stock still has a lot to gain in valuation metric. "Thus, we believe that these shares (SIRC) could trade north of $1.00 and beyond in 2021, especially as new companies are brought into the SIRC family," it concluded. Goldman Small Cap Research in the new report tripled its price target for Solar Integrated Roofing Corp. (OTC PINK: SIRC) to $0.75 for the next three-six months after it blew past the previous lower price target Goldman set only last month.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) Says It Will Reach $40 Million

In FY 2022

Goldman likes the SIRC M&A strategy, entry into adjacent sectors, past record performance and partnership/agreement with EV developer of all-electric trac- tors, which is an applicant for a $500 million USTDA grant. Saying that SIRC is expanding volume both organically and with acquisition growth, it projects SIRC sales at $19.8 million for FY 2021 and $38.5 million In FY 2022.

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. Massey, CEO 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 initial report.

Rob Goldman, Senior Analyst, cited SIRC's Q3 FY 2021 volume jump of 130% YOY to $5.2 million in sales. It also noted SIRC's move into new adjacent clean air categories such as EV charging stations, all-electric tractors and new home solar installations in San Diego -- mandated in California -- in addition to its so- lar activity in Southern California.

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-

governance/leadership/ (OTC PINK: SIRC).

Source: Stock Market Press

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