BALTIMORE, MD / ACCESSWIRE / January 4, 2021 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has received a new research update on Solar Integrated Roofing Corp. (OTC PINK: SIRC). The company is an ambitious company for the installation of solar energy and roof systems from a single source. This update contains a new, revised course objective. Visit https://bit.ly/38da3MF to view or download the entire new research update, initiation report, information and disclaimers.
Following a series of acquisitions in its core Southern California market, SIRC currently has annual sales of $ 25 million and the industry is growing rapidly across the board. According to a recent report by Wood Mackenzie and the Solar Energy Industries Association (SEIA), the residential solar power market is projected to see installations of nearly 100 GW total installed from 2021 to 2025, a 42% increase in installed solar volume from the last Market corresponds to 5 years.
In the Opportunity Research Update, analyst Rob Goldman explains the catalysts behind his price hike, M&A opportunities and SIRC’s expansion in one of the segment’s key markets.
Goldman commented, “We released a new company update and a higher price target for SIRC as the stock hit the target we set a month ago. Even if SIRC hit our revised rating, it would continue to trade at a significant discount. that there is an added benefit to our new goal with multiple business drivers. For example, each newly acquired $ 5 million business could result in a contribution of $ 0.10 per share based on our valuation metrics.
“The proliferation of electric vehicles has resulted in significant growth in the installation of EV charging stations in residential areas. This industry is already a solar cell provider in this market and could be a threshold growth driver in 2021. Regardless, SIRC signed an agreement with a leading EV developer is an applicant for a USTDA grant of US $ 500 million. SIRC will provide solar modules, electrical storage and installation services and projects to existing and prospective customers of the partner, but we cannot predict if / when the grant will be awarded to the partner , or We see the impact on sales of SIRC as a potential bonus for shareholders, “said Goldman.
The story goes on
Goldman concluded, “Since SIRC announced preliminary results for the third quarter of 21, including estimated sales of $ 5.2 million and a year-over-year increase of 130%, stocks have risen sharply. On top of that, the larger gains have gone.” with an average daily increase of around 200%. As a result, SIRC is trading at a significant multiple of the SIRC’s daily moving average, which could be viewed as potential bullish catalysts. “
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This press release contains extracts from our most recently published corporate report on Solar Integrated Roofing Corp. The information and facts used come from sources that are considered reliable. However, we do not guarantee or warrant the completeness or accuracy. Goldman Small Cap Research relied solely on information from Solar Integrated Roofing Corp. (“the enterprise”). The information contains authorized press releases or legal information filed with the US Securities and Exchange Commission http://www.sec.gov in its filings.
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Goldman Small Cap Research
Rob Goldman, analyst
SOURCE: Goldman Small Cap Research
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