Solar Integrated Roofing Corp Stock Price, News & Analysis

Solar Integrated Roofing Corp. (OTC PINK:SIRC) has announced a co-development agreement with Lux Power to manage solar installations at 17 private high schools in Georgia, totaling 17 Megawatts and valued at over $45 million. The subsidiary, USA Solar Networks, will oversee construction, capital structuring, and materials procurement. This initiative is expected to save schools hundreds of thousands annually, enhancing educational resources. Leadership emphasizes the project’s positive community impact and educational value of solar energy.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) has appointed Michael Fallquist to its Board of Directors, bringing extensive capital markets and M&A experience. Fallquist previously served as CEO of Crius Energy, which generated over $1.2 billion in revenue in 2018. His expertise encompasses strategy, corporate finance, and risk management, which will support SIRC's pursuit of accretive acquisitions. David Massey, CEO of SIRC, emphasizes Fallquist's capability to enhance the company's growth and integration of new businesses into its portfolio.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) has signed binding Letters of Intent (LOIs) for seven acquisitions, totaling $21.6 million. These acquisitions are projected to generate over $78 million in incremental annual revenue. The companies included range from established roofing contractors to solar service providers, all poised to enhance SIRC's market presence. Management asserts that these transactions are all-cash and will not dilute shareholder value. The integration is expected to create synergies within SIRC's operations, driving growth and positioning the company for a potential uplisting to OTCQX by mid-March.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) reported a 964% year-over-year revenue increase for Q3 Fiscal 2022, totaling $48.2 million, up from $4.5 million the previous year. Gross profit surged 2,372% to $25.2 million, representing 52% of total revenues. The company secured a $36 million micro-grid project and partnerships for EV charging installations. Management anticipates continuing strong revenue growth, aiming to exceed $100 million in annual revenue by May 2022. Net income reached $18.4 million compared to a net loss of $0.6 million in 2021.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) will present at the Benzinga Global Small Cap Conference on December 8-9, 2021. President Pablo Diaz is scheduled to host a virtual presentation at 2:40 p.m. ET on December 8. A live audio webcast of the presentation will be available on the conference website. As a leading solar power and roofing systems installation company for residential and commercial properties in the U.S., SIRC continues to innovate and expand its services.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) has submitted its application to list on the OTCQB Venture Market, aiming to enhance shareholder value through increased visibility, improved liquidity, and potential for future Nasdaq uplisting. The OTCQB is recognized for its transparency and quality standards for U.S. and international companies. CEO David Massey highlighted the significance of this move, supported by the company's strong organic growth and strategic acquisitions in solar, roofing, and EV charging sectors.

Solar Integrated Roofing Corp. (OTC PINK:SIRC) will host a live Discord Q&A for investors on December 2, 2021, at 7:00 p.m. Eastern Time. Investors can join the discussion through the provided Discord link. CEO David Massey and President Pablo Diaz will address questions regarding the company's future direction. Massey emphasized the value of direct communication with shareholders, highlighting the company's commitment to transparency and investor engagement. SIRC focuses on integrated solar power and roofing solutions across the U.S., including services like solar energy systems and EV charging stations.

Solar Integrated Roofing Corp. (SIRC) has entered into a strategic partnership with Rx SeedCoin, acquiring a stake in the blockchain-focused organization. This collaboration aims to integrate and develop blockchain technology within the renewable energy sector. The agreement will support various projects, including solar power initiatives in the Caribbean, leveraging SOW-Coin, a cryptocurrency designed to finance humanitarian projects. Industry experts anticipate that blockchain investment in energy will exceed $5.8 billion by 2025. The partnership is expected to enhance operational efficiencies and provide innovative payment solutions.

Solar Integrated Roofing Corp. (OTC:SIRC) has announced the launch of a new sales program through its subsidiary, USA Solar Networks, aimed at U.S. poultry farms. The initiative follows a successful beta program in Arkansas, achieving a 66% closing ratio on contracts totaling over $2.5 million. With over 233,000 poultry farms in the U.S., the program aims to leverage federal tax benefits and reduce energy costs. The company projects generating over $50 million in new projects in 2022, indicating potential growth opportunities in this under-served sector.