Solar Integrated Roofing (SIRC) Plunges Despite Recent Record Sales And Acquisition Deals: Great Opportunity?

Since June 29, Solar Integrated was only but falling. On that day, it was $0.65. Three weeks later, today, it is dropping to $0.44, resulting in a 32% loss. The company has recently that its preliminary, in-audited sales for June 2021 totaled a company record of over $10.0 million. The record sales month was due to strong industry tailwinds endorsing organic growth as well as the income from recent acquisitions.

Future Home Power sold more than $6.0 million during June, showing the efficiency of their lead generation opportunities. The company expects the recent record-breaking expansion and momentum to continue in the months ahead as favorable seasonal trends progress and bring the company to its short-term goal of $100 million in yearly sales.

The company has also announced that it has acquired USA Solar Network, solar energy, and EV charging infrastructure developer. Solar Integrated believes the collaboration with USA Solar Network will allow it to grow rapidly and achieve 50-100% growth in residential and commercial sales with 16%+ gross margins in the next year. The acquisition is to be an essential growth driver for solar and EV charger installers within the SIRC family of companies.

Trevor Omaha

Since 2009 Trevor has been eager to know the causes of financial crises. Right now he is actively searching for the next crisis which will decide the fate of the middle class in the Americas and Europe. We wish him good luck in his research.

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