CWBHF - Solar Integrated Roofing Corp. (OTC PINK:SIRC) CEO Says Company Is On An Acquisition Spree With The Goal Of Becoming The Largest Solar/Roofing Company In Southern California
Tickers: Solar Integrated Roofing Corp. (OTC PINK: SIRC), Apple Inc. (NASDAQ: AAPL), Canadian Solar Inc. (NASDAQ:CSIQ) and SolarEdge Technologies (NASDAQ: SEDG), Walmart Inc. (NYSE: WMT), Target Corporation (NYSE: TGT), Amazon (NASDAQ: AMZN)
New York, NY, October 1, 2019 — Stock Market Press is a leading financial news company that delivers up to date news. News on the wires today includes Solar Integrated Roofing Corp.’s (OTC PINK:SIRC) Dave Massey, CEO, saying that the company has been acquiring solar,
roofing and marketing companies as SIRC plans to become the largest solar/roofing company in Southern California. Recently, It acquired The Montross Companies, McKay Roofing and marketing firm, Narrate, which is focused on the energy efficiency sector.
In other news we also talk about Apple Inc. (NASDAQ: AAPL), Canadian Solar Inc. (NASDAQ: CSIQ), SolarEdge Technologies, Inc. (NASDAQ: SEDG), Target Corporation (NYSE: TGT), Amazon (NASDAQ: AMZN), Walmart Inc. (NYSE: WMT)
Solar Integrated Roofing Corporation (OTC PINK: SIRC) is acquiring solar, roofing and solar marketing companies to achieve its goal of becoming the largest solar/roofing company in Southern California.
In addition to its recent flurry of acquisition activity in the solar, roofing and marketing space, SIRC (OTC PINK:SIRC) has announced it has completed its audit and is beginning the process of up listing to the OTCQX exchange to give its shareholders more value, Massey, CEO,said.
Massey said, “Our goal is to continue to acquire solar/roofing companies in becoming the leading solar/roofing company in the Southern California markets. Having the audit completed creates the transparency desired for our current and future shareholders.”
By acquiring The Montross Companies, McKay Roofing and Narrate, Massey has put SIRC in a position to grow quickly, he said, “Narrate will now be able to expand their client base rapidly, delivering more leads over a larger footprint as we continue our growth strategy to acquire additional solar and roofing companies.”
Massey has forecast a three-fold jump in the company’s sales in 2020 after the takeovers. According to MarketWatch, SIRC reported FY2019 sales of $4.9 million.
SolarEdge Technologies (NASDAQ: SEDG) achieved a price of $85 in after hours trading yesterday after rising by $1.28 or 1.53%.
Canadian Solar Inc. (NASDAQ: CSIQ) shares hit $18.88 yesterday compared to its previous close of $19.43. It opened the day on September 30 at $19.45. The 52-week high-low on the stock is $25.89/$12.69.
Target Corporation (NYSE: TGT) held its leadership role in on-site solar adoption for businesses in the U.S. The company has 229.7 megawatts (MW) of solar capacity installed on-site, according to the SEIA 2018 ’Solar Means Business Report,’ an annual study. Target beat the second company, Walmart Inc. (NYSE: WMT), by almost 78 MW. Target’s solar portfolio includes some 464 solar installations.
Measuring off-site solar found that the big players, both Apple Inc.(NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) placed first and second, respectively. The total for Apple Inc. was 393.3 MW and for Amazon 329.8 MW.
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