Konrad Sippel, head of research at Solactive, says EV Charging Station Stocks will soar. Selective, the index provider of the Electric Vehicle Charging Infrastructure (ETF), says that some 60% globally of all cars will be electric by 2040. That translates into about 600 million electric vehicles and the recommended ratio of electric cars to EV charging stations is ten-to-one. As a result, he says, the valuation prospects of public companies in the EV Charging Station industry are great — attention is paid to the electric cars themselves, not the EV Chargers that keep them ready to drive. Solar Integrated Roofing Corp. (OTC PINK: SIRC) and subsidiary PLEMCo.’s core business Is the EV Charging Station Industry.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
Wall Street Analyst Says EV Charging Station Stocks Will Soar As Electric Vehicles Gain In Car Market Share; For Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Subsidiary PLEMCo., Core Business Is EV Charging Station Industry
The analysis by Sippel is global — but applies intensely to the US market, where electric vehicle market share now is only 4% of the market. That means that aside from dedicated installation of EV chargers alone, third parties such as convenience stores, gas stations, auto repair chains and others, remain reluctant to invest $100,000 apiece to install fast-chargers.
SIRC was one of only 16 companies to receive a federal grant to be a part of the organizations that will help install a nationwide network of EV Charging Stations.
Wall Street Analyst Says EV Charging Station Stocks Will Soar As Electric Vehicles Gain In Car Market Share; For Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Subsidiary PLEMCo., Core Business Is EV Charging Station Industry.
As OEM manufacturers like General Motors (NYSE: GM) and Ford (NYSE: F) flood the market with all-electric models, the need for EV Charging Stations along US highways will become more apparent. Wall Street analysts are now focused on vehicle brands entering the electric car market. It is early for investors to truly realize the impact the EV Charging Stations will play as the industry expands.
I Sippel sees the opportunity now, it is because he sees the electric vehicle growth to goals by 2040 — and understands the value of investing now. Wall Street Analyst Says EV Charging Station Stocks Will Soar As Electric Vehicles Gain In Car Market Share; For Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Subsidiary PLEMCo., Core Business Is EV Charging Station Industry.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is optimistic about the EV Charging Station network long-term future of subsidiary PLEMCo. It was one of only 16 companies to receive a federal award for a Design and Material only contract to service electric vehicles. Further, SIRC’ PLEMCo., is currently applying for a second Electric Vehicle Supply Equipment (EVSE) — BPA, expected to be awarded in mid-July. That one is for Design, Equipment and installation of EV Chargers.
“This contract further supports our strategic shift towards prioritizing our over $30 million electric vehicle (EV) charging station pipeline and over $20 million EV charging project backlog given the immense near-term opportunities. This will serve to further bolster our position as a clear national player in the space, helping to create sustainable value for our shareholders. We look forward to additional announcements regarding EV Charging opportunities in the months ahead,” says David Massey, SIRC CEO.
As long as consumers have economic strength, Solar Integrated Roofing Corp. (OTC PINK: SIRC) remains optimistic about its core businesses in alternative energy. Consumers continue to invest in rooftop solar installations and electric cars, supported by roadside EV Charging Stations installed in part by SIRC subsidiary. PLEMCo.
Continually rising gasoline prices continue to represent an important incentive to buy electric vehicles in the future. Food, home fuel, housing and cost-of-living expenses are rising faster than some consumers can handle. They are at 40 year highs, new statistics show. At 70% of the GDP, consumer spending is vital to future spending power and the economy.
Fed Chair Jerome Powell, in announcing a 50 basis point increase in interest rates last week, says, “Inflation is much too high and we understand the hardship it is causing, and we moving expeditiously to bring it back down.” It could be wishful thinking.
A good trend in all this is that electric car companies are now aiming more mass-attractive mid-priced models, not only luxury vehicles like the Tesla (NASDAQ: TSLA). General Motors (NYSE: GM) and Ford (NYSE: F) are offering mixed priced electric models. GM is planning an electric line of standard Chevrolets against a $100,000 Hummer model. Ford is focusing on pickup trucks and balancing that with electric muscle cars, such as the Mustang. Dollar-conscious consumers might like lower priced electric cars, as well.
According to research firm Technavio, government spending will help the EV Charging Market Station grow by $22.02 billion from 2020-2025. Other factors will help propel expansion in this dynamic market — such as M&A and collaboration between charging company brands themselves and partnerships between charging companies and others allied to the industry.
Wall Street Analyst Says EV Charging Station Stocks Will Soar As Electric Vehicles Gain In Car Market Share; For Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Subsidiary PLEMCo., Core Business Is EV Charging Station Industry
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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