The Department of Energy (DOE) announced that it will spend $100 million in funding for President Biden's Clean energy Agenda, including solar, energy storage and agricultural techniques -- all low- or no-carbon sectors in which Solar Integrated Roofing Corp. (OTC PINK: SIRC) actively participates. Through its Advanced Research Projects (ARPA-E), these DOE programs have in the past attracted $4.9 billion in private sector follow-on funding to commercialize clean energy technologies SIRC is in solar, EV charging stations, storage of clean energy and 100% all-electric tractors for agriculture. It recently closed on solar installer Enerev LLC and last week signed a binding LOI to acquire Pacific Lighting Management for its new dedicated EV Charging Station Solutions division it hopes to close by the end of this month.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations 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), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK) and Canadian Solar Inc. (NASDAQ: CSIQ).
Department Of Energy Will Spend $100 Million For Biden's Clean Energy Agenda, Including Solar, Energy Storage And Agricultural Strategies; Solar Integrated Roofing Corp.'s (OTC PINK: SIRC) Is In All Those Energy Sectors
To apply for some of that $100 million in R&D clean energy funding, the DOE invited participants to join a teaming partner list to help form new project teams and participate or join potential collaborative ventures in that $100 million funding program. "The Department of Energy is committing to empowering innovators to develop bold solutions that will help America achieve net-zero emissions by 2050 while creating millions of good-paying jobs that benefit all Americans," said DOE Chief of Staff Tarak Shah."
Through its Advanced Research Projects Agency Energy's (ARPA-E) OPEN 2021 funding opportunity, this program has in the past attracted $4.9 billion in private sector follow-on funding to commercialize clean energy technologies. The DOE is now inviting entrepreneurs, scientists and inventors to develop the energy technologies necessary to build as clean energy economy, she said. Solar was specially mentioned in that invitation.
SIRC Participating In These Clean Energy Sectors
Last week, David Massey, CEO of SIRC, announced it has signed a binding LOI to acquire a company for its new dedicated EV Charging Station Division, Pacific Lighting Management, Inc. SIRC said it was targeting the end of February for the close of the purchase for the company -- which offers several long term (IDIQ-type) government contracts with the General Services Administration (GSA and GSA Fleet). Its customers also include federal, state and local governments, school districts, hospitals and large commercial clients., the Company said. It is a cash-flow positive buy, SIRC said. It is based in Southern California, in Santa Ana. Learn more at http://www.pacltg.com/
He added, "Their strong relationships with government agencies, forged over 18 years of business, represent a unique, valuable opportunity for our growing portfolio of operating companies." Pacific Lighting serves mainly government and large commercial clients. Department Of Energy Will Spend $100 Million For Biden's Clean Energy Agenda, Including Solar, Energy Storage And Agricultural Strategies; Solar Integrated Roofing Corp.'s (OTC PINK: SIRC) Is In All Those Energy Sectors.
SIRC recently closed on its purchase of another established clean energy solar installer, Enerev LLC. To learn more, go to https://www.enerevsolar.com/getting-started. Department Of Energy Will Spend $100 Million For Biden's Clean Energy Agenda, Including Solar, Energy Storage And Agricultural Strategies; Solar Integrated Roofing Corp.'s (OTC PINK: SIRC) Is In All Those Energy Sectors.
In addition to acquiring Enerev LLC and signing the binding letter of intent to buy Pacific Lighting for its new EV solutions divisionn, SIRC entered a new alliance with San Diego builders to enter the new home business in that market. It also reached agreement with Solectrac, Inc., an all-electric tractor developer and manufacturer located in Northern California. That company is now 24% owned by Ideanomics (NASDAQ: IDEX). and Solectrac is an applicant for a $500 million USTDA grant.
SIRC Up List Seen By Management
Brian Milholland, SIRC president, told Money TV's host Donald Baillargeon that David Massey, SIRC CEO, told him that SIRC was completing the financials necessary for an initial up list by the end of February or early March. As the Company is doing that, it is at the same time continuing to grow its formidable footprint in the clean energy sector. Department Of Energy Will Spend $100 Million For Biden's Clean Energy Agenda, Including Solar, Energy Storage And Agricultural Strategies; Solar Integrated Roofing Corp.'s (OTC PINK: SIRC) Is In All Those Energy Sectors.
Over the past few weeks, SIRC stock (OTC Pink: SIRC) has reported volatile results -- outpacing the projections given to it in an updated Goldman Small Cap Research report. That triple Goldman's price target to $0.75
Goldman Small Cap Research Sees A Bright Future For SIRC Stock
Goldman Small Cap Research in a analysis report 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 January report tripled its price target for Solar Integrated Roofing Corp. (OTC PINK: SIRC) to $0.75 for the next three-six months. But SIRC's stock has already eclipsed that -- trading at Friday's close at $1.83, after a whirlwind week of volatile stock valuation.
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 the 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/.
Source: Stock Market Press
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