HEXO - Solar Integrated Roofing Corp. (OTC PINK:SIRC) Is Seeking To Be The Largest Solar/Roofing Company In Southern California; Target Corporation (NYSE: TGT) Has Taken First Place For On-Site Installed Solar Besting Walmart Inc. (NYSE: WMT) In A New Solar In
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.com, Inc.,(NASDAQGS: AMZN)
New York, NY, Sep. 30, 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) execution of its plans to become the largest solar/roofing company in Southern California. Dave Massey, CEO, has overseen SIRC’s recent acquisition of The Montross Companies, McKay Roofing and tech savvy marketing firm, Narrate, which is focused on the energy efficiency sector.
We also talk about Apple Inc. (NASDAQ: AAPL), Canadian Solar Inc. (NASDAQ:CSIQ), SolarEdge Technologies, Inc. (NASDAQ: SEDG), Target Corporation (NYSE: TGT), amazon.com, Inc. (NASDAQGS: AMZN), Walmart Inc. (NYSE: WMT).
Solar Integrated Roofing Corporation (OTC PINK: SIRC) plans to become the predominant player in solar/roofing in Southern California.
In addition to its flurry of acquisition activity in the solar, roofing and marketing space, 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 of SIRC, said.
Massey said, “Our goals are 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 the company in position to grow quickly within this geographical market. According to SIRC in an article published by Yahoo! Finance, less than 9% of single family homes in California are fitted with solar. That is an opportunity for growth by SIRC and its recent acquisitions.
Massey 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 predicted that the takeovers will contribute to a forecasted three-fold jump in the company’s sales in 2020. According to MarketWatch, SIRC reported FY2019 sales of $4.9 million.
Target Corporation (NYSE: TGT) has maintained 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 bested the second company, Walmart Inc. (NYSE: WMT), by almost 78 MW. Target’s solar portfolio includes some 464 solar installations. The SEIA 7th Annual Report analyzes solar installations.
Meantime, when the report measured off-site solar as well, both Apple Inc.(NASDAQ: AAPL) and Amazon (NASDAQGS: AMZN) placed first and second, respectively. The total for Apple Inc. was 393.3 MW and for Amazon 329.8 MW. Apple’s single installation in Monterey County of 130 MW was significant.
The report said that overall corporate installations of solar was down in 2017 and 2018 due to uncertainty regarding solar tariffs, but it expected a rebound for the solar industry in the years 2019 and 2020.
SolarEdge Technologies, Inc. (NASDAQ: SEDG), according to an article and analysis by the Investor’s Business Daily, has been named a ‘Solar Energy Stock To Watch.’ The analysis reported that the stock has a solid three year annual growth rate for both earnings (31%) and sales (36%). It also cited that firm’s low debt-to-equity ratio of 1% and strong return-on-equity ratio of 32.8%, showing that it is an efficient run company.
Canadian Solar, Inc. (NASDAQ:CSIQ) stock has been downgraded from a ‘buy’ rating to ‘stong buy’ by ValuEngine, according to a report by Dakota Financial News. Meanwhile, Zacks Investment Research upgraded its rating on the stock to ‘buy’ from ‘hold.’ and set a $24 price target for the stock. Zacks believes that over the next several months the stock can achieve above-average returns.
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Contact:
Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com https://twitter.com/PressStock
Safe Harbor Statement:
Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: http://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press