David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC) Eyes Up List To QX Exchange And Becoming Fully Reporting SEC Company; Goal Is To Eventually Up List By Late FY 2022 As NASDAQ SmallCap Stock

(Stock Market Press via Comtex)

In several interviews, David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC) said that he is working to Up List SIRC to the QX Exchange and become a fully reporting SEC Company. The goal is to eventually Up List by late FY 2022 as a NASDAQ SmallCap stock. He acknowledges that stockholders are anxious for the Company to Up List -- and he is working hard for the Company to do so.

stockmarketpress.com features specialized coverage of related stocks in the solar industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), Tesla, Inc. (NASDAQ: TSLA), SunPowerCorp. (NASDAQ: SPWR), Canadian Solar Inc. (NASDAQ: CSIQ) and Vivint Solar Inc. (NYSE: VSLR).

David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC) Eyes Up List To QX Exchange And Becoming Fully Reporting SEC Company; Goal Is To Eventually Up List By Late FY 2022 As NASDAQ SmallCap Stock

In several interviews late last year, he talked about the Company's priority of achieving an Up List. The ultimate goal for SIRC he said is to become a NASDAQ SmallCap stock in late FY 2022. First would come an Up List to the OTCQX exchange -- the top tier of the three marketplaces of over-the-counter trading. More stringent qualification data is needed to quality for QX and Companies listed are subject to more SEC regulation.

Massey's Eyes Are On Late FY 2022 Up Listing As NASDAQ SmallCap Stock

David Massey, SIRC CEO, said, "Reaching the NASDAQ SmallCap — that's our realistic goal. We are working hard on this." Timing for this Up List is the end of FY 2022, he said. David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Eyes Up List To QX Exchange And Becoming Fully Reporting SEC Company; Goal Is To Eventually Up List By Late FY 2022 As NASDAQ SmallCap Stock.

SIRC has expanded to multiple revenue streams in solar, HVAC, EV Charging Stations, solar for all-electric clean environment farm equipment and other adjacent sectors. As California's state law now mandates solar energy systems for new residences built in 2020 and beyond, there are many new opportunities for expansion for SIRC. David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC) Eyes Up List To QX Exchange And Becoming Fully Reporting SEC Company; Goal Is To Eventually Up List By Late FY 2022 As NASDAQ SmallCap Stock.

New Strategies And Partnerships Present SIRC With Multiple Solar Opportunities

Massey, SIRC CEO, said of the company's entry into new home developments alongside several San Diego builders, "In addition to the roofing and solar revenue from each new housing development, we maintain the upside opportunity to sell the end home buyer additional solar or battery storage solutions, creating an exciting new sales pipeline for our growing team."

SIRC Shares Trading North Of $1.00 And Beyond In 2021?

Goldman Small Cap Research in an updated report of January 4, 2021, 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 new report tripled its price target for Solar Integrated Roofing Corp. (OTC PINK: SIRC) to $0.75 for the next three-six months after it blew past the previous price target Goldman set only last month.

Volume Diversity Cited For Solar Integrated Roofing Corp. (OTC PINK: SIRC)

Goldman likes the volume drivers for SIRC: the M&A strategy, entry into adjacent sectors, past record performance and partnership/agreement with 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 Forecasts A Volume of $40 Million For 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. Similarly, Massey 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.

Rob Goldman, Senior Analyst, cited SIRC's Q3 FY 2021 volume spike of 130% YOY to $5.2 million in sales. It also noted SIRC's move into new adjacent clean air categories such as EV charging stations, all-electric tractors and new home solar installations in San Diego -- mandated in California -- in addition to its solar activity in its home market of Southern California. SIRC reached a new agreement with Solectrac, Inc., an electric tractor developer and manufacturer located in Northern California. The company is now 24% owned by Ideanomics (NASDAQ: IDEX). Solectrac is an applicant for a $500 million USTDA grant.

SIRC's New Mexico Expansion In Partnership With SunPower

SIRC will continue to focus on sales within its home base of Southern California, Massey said, but it is also talking to nearby local roofing companies about acquisition possibilities. Massey discussed how the Company is expanding out of state and into more markets. For example, Solar Integrated Roofing Corp. (OTC PINK: SIRC) is expanding into the Albuquerque/Santa Fe metropolitan market in New Mexico with its recent partnership with SunPower Corporation as a premier dealer in the New Mexico market.

$40+ Million Volume For SIRC Seen In Fiscal 2022

SIRC is also expanding and projects that its fast-track growth in California and other markets will generate greater than $40 million in fiscal 2022 revenues. In the current 2021 fiscal year, SIRC forecasts it would report $20 million in volume for the year ended February 28, 2021.

Learn more about SIRC at Solar Integrated Roofing Corp. (OTC PINK: SIRC).

Source: Stock Market Press

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 [email protected] 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

comtex tracking