A consortium of utility companies in California and now Florida are seeking to disrupt the fiscal benefits of solar to possible buyers of solar systems. Wall Street analysts like solar as an alternative energy source, but are concerned about net metering’s impact on solar system growth. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is special because it is made up a family of subsidiary companies, assembled an efficient sales team and is a leveraged group buyer of solar supplies. Its business is scalable.
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), Enphase Energy (NASDAQ: ENPH), 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 Watching Solar Net Metering Issues In California, Florida To Assess Industry Impact; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is A Solar Stock To Watch Because SIRC Is Building A Nationwide Solar Footprint
Interest rate increases and supply chain issues have impacted solar, like most industries, but this remains an attractive alternative energy space. SIRC is unique because it is also in the EV Charging Station sector that supports electric cars/trucks through subsidiary PLEMCo.
The net metering issues in California and Florida can be overcome with management of reusable solar batteries. Solar system users can store energy from solar and use it when utilities charge top rates — during midday hours. Users can also used stored energy in batteries on cloudy days and at night.
Partnerships are already forming between solar/roofing installers and solar battery manufacturers. Recently, Enphase Energy (NASDAQ: ENPH), a closely-watched entity in the solar sector by analysts, announced a new partnership has been reached with Semper Solaris (SS). SS is one of the fastest-growing solar, home battery and roofing contractors in the U.S.
The partnership is interpreted as addressing the need for SS to address solar client homeowners’ demands for solar batteries. It will also be the answer to new California utility proposed policies on net metering. Wall Street Watching Solar Net Metering Issues In California, Florida To Assess Industry Impact; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is A Solar Stock To Watch Because SIRC Is Building A Nationwide Solar Footprint.
The impact on net metering changes would mean that solar system homeowners and potential buyers — would require solar battery systems to work around a possible decision by utility companies to pay less for excess electricity they buy solar customers plus new central grid access fees charged to solar system owners.
SIRC recently said they were sourcing solar batteries from this domestically-based Company as a way of end-running supply chain issues. SIRC acknowledges that solar management batteries are now a key element in selling solar systems to homeowners.
Financial performance is another reason analysts should keep an eye on the growth of Solar Integrated Roofing Corp. (OTC PINK: SIRC). It reported recently for Q3 of fiscal 2022 sales of $48.2 million, a YOY 964% jump. Also in the report it showed a $25.2 million operating profit. That represents 52% of total revenues in Q3 fiscal 2022.
SIRC also plans to ‘comfortably’ exceed its earlier guidance of $100 million for the 12 months ended May 31, 2022. It continues to grow both its organic sales and new volume from acquisitions. Wall Street Watching Solar Net Metering Issues In California, Florida To Assess Industry Impact; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is A Solar Stock To Watch Because SIRC Is Building A Nationwide Solar Footprint.
In its acquisition pipeline are seven more companies, SIRC said recently. SIRC aims to buy them in all-cash transactions, without diluting the stock.
As SIRC grows, federal governmental tailwinds are helping solar expand. For example, Washington, DC, is now encoring solar projects on federal lands — and even funding some solar initiatives with grants.
California may be first in the nation in rooftop solar with 3.1 million customers owning solar systems, but Massachusetts is not far behind. Government officials there blame the bureaucracy for snafus. These are short-term problems.
While Wall Street analysts are watching solar closely, the rechargeable solar battery can address the net metering issues, if necessary. . These batteries are an important buffer for solar system owners. They can store excess electricity themselves — or share it with other solar system owners in community energy-sharing groups.
Solar and other renewables are generating a greater percentage of the nation’s capacity needs. According to site ‘Bring Me The News,’ electric rates have jumped some 30% over the past 10 years in some states. That makes solar not just a conservation buy, but also an energy efficient purchase.
SIRC is well positioned because it is an authorized installer of Tesla’s (NASDAQ: TSLA) PowerWall Rechargeable Solar Battery Systems.
Homeowners and small business potential buyers of solar systems can see clearly that 2022 offers them a rare chance to beat central grid electricity increases. They can also move now before federal tax credits for solar drop from the current 26% to 22% in 2023.
Central grid electricity is climbing in cost — making the payback period for solar less than eight years. Solar buyers can install systems for next to nothing if they do it now.
Wall Street Watching Solar Net Metering Issues In California, Florida To Assess Industry Impact; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is A Solar Stock To Watch Because SIRC Is Building A Nationwide Solar Footprint
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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