High Growth Solar Power Provider with an Electric Vehicle Tesla Certified Installer Network

February 09 07:18 2021
High Growth Solar Power Provider with an Electric Vehicle Tesla Certified Installer Network
Solar Integrated Roofing Corporation (Stock Symbol SIRC) Latest Quarterly Results Surged to Record Levels
  • Advanced Solutions for Solar Roofing and Other Clean Energy Projects.
  • EV Charger Division with Several New Acquisitions in Development. 
  • Tesla Certified Installer Network for EV Division. 
  • Completed Acquisition of High Revenue Residential Solar Installer. 
  • Third Quarter Revenue Up Over 130% to Record $5.2 Million.

Solar Integrated Roofing Corporation (SIRC), is an integrated, single-source solar power and roofing systems installation company specializing in commercial and residential properties in the Southern California market. The SIRC broad array of solutions include sales and installation of solar energy systems, battery backup, and electric vehicle (EV) charging stations for roofing, HVAC and related electrical contracting work. SIRC is currently engaged in a corporate growth strategy via strategic acquisitions within the robustly developing clean energy market sector.  

  • SIRC Targets EV Charger Installer Acquisition with Opening of Dedicated EV Charging Solutions Division

On February 3rd – SIRC announced the official opening of operations of the Company’s dedicated electric vehicle (EV) charging solutions division. This division is currently exploring the potential acquisition of several EV charger installers nationwide to expand the SIRC Tesla-certified installer network and better enable the transportation sector’s energy infrastructure of the future.

According to a new Precedence Research report, the EV charging market size is set to surpass the $39 Billion mark by 2027, growing at a 40% rate from 2020 through 2027.

The SIRC primary focus within the EV charging vertical will remain the sales, marketing, installation, and service of personal EV chargers at residential properties, as well as on public EV charging infrastructure for network operators – leveraging the SIRC recent designation as a Tesla-certified installer. Solar Integrated Roofing is currently exploring the potential acquisition of various EV charging installers nationwide, addressing a rapidly growing domestic EV market – with some states such as California setting aggressive regulatory targets of all new vehicle sales to be zero emissions by 2035.

  • SIRC Completes Acquisition of Southern California Residential Solar Installer Enerev Targeting an Additional $2M per Month in Revenue

On January 21st – SIRC announced that it has signed a binding term sheet to acquire Enerev, LLC, a solar energy solutions provider to residential and commercial properties in Southern California with over 5 years of successful installations. SIRC will acquire Enerev for a combination of cash and stock. The transaction, combined with anticipated synergies and growth opportunities, is expected to add up to $2 million per month to Solar Integrating Roofing’s revenue run rate by late calendar year 2021.

Enerev is a market leader with best-in-class business development and solar energy system installers, a business that can significantly expand the SIRC customer base and improve labor efficiencies company-wide. SIRC will build on and accelerate those achievements by transitioning their team to offer a highly sophisticated and efficient system designs, tailored to each client’s specific needs including start to finish oversight of the entire project with a single point of contact throughout the life of the solar system. 

  • SIRC Third Quarter Revenue Surges Over 130% to Record $5.2 Million

On December 16th – SIRC announced that it’s preliminary, unaudited third quarter fiscal 2021 revenues totaled a record $5.2 million. This record quarterly revenue represents over 130% year-over-year growth from $2.3 million in the third quarter of fiscal 2020, driven by continued operational execution and cross-selling synergies across the Company’s core business lines. 

With services spanning solar, battery backup, EV charging, roofing installation, HVAC work, and electrical contracting, SIRC is well positioned to tackle increasingly large opportunities – such as entire new residential developments with its builder partners throughout California.

For more information on Solar Integrated Roofing Corp. (SIRC) visit: https://www.solarintegratedroofing.com.  

This is an all new company website just launched in January of 2021.  The new SIRC website has been designed to be more dynamic, user friendly, and content rich. It offers a clean, modern design integrated with helpful information for investors looking for additional materials on SIRC including an updated investor relations section featuring press releases, upcoming events, the current share price, SEC filings, and financials.

Media Contact
Contact Person: Media Relations
Email: Send Email
Phone: (858) 437-5330
Address:1475 N. Cuyamaca St.
City: El Cajon
State: CA 92020
Country: United States
Website: https://www.solarintegratedroofing.com/