Singlepoint Inc Stock Price, News & Analysis

SinglePoint Inc. (OTCQB: SING) announced that its subsidiary, Energy Wyze, has launched an AI bot technology for automating appointment bookings and lead generation in the solar industry. The AI technology improves user experience by enabling two-way conversations via text and social media, without needing direct contact with a representative. Energy Wyze plans to roll out this technology in several states, with projections of significant cost and time savings. With the increasing focus on solar energy, the company aims to support industry growth amid ambitious government plans for solar adoption.

On Sept. 9, 2021, SinglePoint's subsidiary, BOX Pure Air, announced orders for its Apex 2.0 air purification units to a North Carolina school, aiming to improve indoor air quality amid rising health concerns. The Apex 2.0 targets large spaces like libraries and gymnasiums, enhancing ventilation and reducing airborne pathogens. The model, priced at $5,399, claims substantial cost savings—approximately $40,000 over five years compared to multiple smaller units. With over $190 billion in federal funding for schools, BOX Pure Air anticipates increased demand and follow-up orders.

SinglePoint Inc. (OTCQB: SING) announced that CEO Wil Ralston will present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. The company is focused on renewable energy solutions, aiming to enhance air quality and reduce reliance on traditional energy sources in a $180 billion solar market. Management will also hold virtual one-on-one meetings with registered investors. A video webcast of the presentation will be available on-demand starting September 13, 2021, at 7:00 AM ET on the company's website.

SinglePoint Inc. (OTC: SING) announced the launch of its new corporate website, singlepoint.com, aimed at enhancing communication and visibility. CEO Wil Ralston emphasized the company's dedication to renewable energy solutions and sustainable practices, stating that the website is a key step in their growth strategy. SinglePoint's subsidiaries, including Direct Solar America and EnergyWyze, continue to advance their business strategies. The company plans to provide an update on its growth strategy in Q3 2021 as it seeks to solidify its position in the renewable energy market.

SinglePoint Inc. (OTCQB: SING) has launched a clean air initiative coinciding with Clean Air Day on September 7, 2021, pledging to give away four Apex 2.0 AIRBOX units weekly for four weeks. This program aims to enhance indoor air quality in schools as students return to in-person learning, addressing safety concerns amid the ongoing pandemic. The Apex 2.0 can circulate 1,500 cubic feet of clean air per minute, significantly improving ventilation in large spaces. This initiative not only boosts student health but also supports better academic performance by reducing sick days.

SinglePoint Inc. (OTCQB: SING) announced an update from its subsidiary, EnergyWyze, which is now the exclusive provider of lead generation and social media management for a major energy solutions provider. This partnership opens opportunities for immediate revenue growth. EnergyWyze has 1,500 resellers nationwide, enhancing lead volume potential. The solar market is projected to grow significantly, with aspirations to reach 40% generation by 2035. EnergyWyze aims to connect consumers with solar installation providers, expanding its client base to boost solar adoption across the U.S.

SinglePoint Inc. (OTCQB: SING) has announced its forward-looking revenue guidance for Q4 2021, targeting annual revenues of $20 million in FY2022 from its solar business units. The domestic solar market is projected to reach $223 billion by 2026, with a potential growth of nearly $6 billion from 2021-2025. CEO Wil Ralston highlighted the strategic initiatives taken to improve lead generation and conversion rates, aiming for around $1.5 million in monthly revenue from residential solar installations. The company focuses on expanding its market presence through M&A actions in the renewable energy sector.

SinglePoint Inc. (OTC: SING) reported Q2 2021 financial results, achieving revenues of $454,822, a 15% increase from Q2 2020. Total cash rose dramatically to $854,589 compared to $76,476 the previous year. Current assets increased by 304% year-over-year to $1,596,679, and total current liabilities were reduced by $2,759,095. The company is focused on expanding its solar businesses and has launched a strategic review for growth opportunities. Further updates are expected in Q3 2021.