Biden Administration Plans For 'Millions' More Solar Industry Jobs In Soaring In-dustry, But Industry Faces Challenging Position Filling Them; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Sol

February 2, 2021 11:15 AM EST

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The new Biden Administration said it would embrace solar — and it has in spades. Now President Biden says he will create 'millions' of new jobs in this soaring sector, but industry leaders are finding it challenging to fill all of these positions as the market thrives. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is growing its solar and clean energy impact as it grows into multiple adjacent sectors -- from solar company acquisitions to new alliances with clean energy farm equipment.

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

Biden Administration Plans For 'Millions' More Solar Industry Jobs In Soaring Industry, But Industry Faces Challenging Position Filling Them; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Solar Impact

President Biden is all-in with solar and clean energy. He has rejoined the Paris Climate Accords, canceled the Keystone Ol Pipeline and barred oil and gas drilling on federal lands. He has opened the floodgates for the solar industry -- now that industry appears to have its hands full filling the jobs he is creating. Biden Administration Plans For 'Millions' More Solar Industry Jobs In Soaring Industry, But Industry Faces Challenging Position Filling Them; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Solar Impact.

Solar Challenge Filling All The New Positions

According to site E&E NEWS, the Solar Industries Association saw 43% overall growth in 2020 -- with the best yet ahead. But leaders in the solar industry still see a challenge ahead for their hiring managers negotiating a tight workforce to fill manual or highly skilled solar industry positions. Whether looking for manual, low-skilled workers or marketers, solar leaders say they have their work cut out for them. Biden Administration Plans For 'Millions' More Solar Industry Jobs In Soaring Industry, But Industry Faces Challenging Position Filling Them; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Solar Impact.

"The labor supply is tight," said a Wood Mackenzie Management Report. "The industry has now returned to the labor shortages experienced in late 2019 and early 2020 prior to the pandemic." Mike Hall, CEO of Borrego Solar Systems -- a San Diego based company that builds, develops and runs big solar and battery-storage plants -- said, "It's hard. The thing is that the industry is growing." His Company hired 88 people last year and expects to add about 80 more in 2021.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Solar Opportunity Ahead

SIRC is charging full speed ahead in solar and clean energy. Most recently, SIRC finalized its acquisition of solar company Enerev LLC. Clean energy companies for SIRC also include: a dedicated new division for the EV battery charging market; new alliance with San Diego builders to enter the new home business in that market and agreement with Solectrac, 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. Biden Administration Plans For 'Millions' More Solar Industry Jobs In Soaring Industry, But Industry Faces Challenging Position Filling Them; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Solar Impact.

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

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 transaction, it closed on its purchase of Enerev LLC. Biden Administration Plans For 'Millions' More Solar Industry Jobs In Soaring Industry, But Industry Faces Challenging Position Filling Them; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows Solar Impact.

SIRC Sees Favorable Clean Energy, Solar Legislation Tailwinds Ahead

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is bullish about 2021 performance because the Biden Administration is pro-clean energy investment. The Federal government has taken a positive view of state mandates that have set specific deadline years for sales of new EV vehicles and appears to want even more solar-positive legislation activity. 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 developments alongside several San Diego builders, "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."

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 tractors, 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.

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/ (OTC PINK: SIRC).

Source: Stock Market Press

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