Home Financial Markets Penny Stocks Let's find out what's behind Solar Integrated Roofing Corporation (OTC PINK: SIRC),...

Let’s find out what’s behind Solar Integrated Roofing Corporation (OTC PINK: SIRC), the recent stock jump

Solar Integrated Roofing Corporation (OTC PINK: SIRC), the stock surged close to 100% last night to reach $1.495. In comparison to the 30-day volume of 7,004,655, the stock changed hands 29,821,928 times yesterday. The stock price ranged from $0.011 to $0.75 in the pre-market session.

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SIRC business profile


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This Company is a single-source provider of solar power and roofing systems for commercial and residential properties in the Southern California market.

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What happened…

On February 3, 2021, Solar Integrated Roofing Corporation (OTC PINK: SIRC)has announced the official opening of its dedicated electric vehicle charging solutions division, which is currently exploring the potential purchase of several Tesla-certified charging system installers nationwide to better equip the transportation sector’s energy infrastructure in the years to come.

According to a new report by Precedence Research, the EV charging market is expected to surpass $39 billion by 2027, growing by 40% from 2020 to 2027.

A company’s primary focus in the EV charging sector will be to offer residential and commercial customers personal chargers and charging infrastructure and work with network operators to install and manage charging services. Several companies are currently investigating the possibility of acquiring various EV charging installers across the country to address a rapidly growing domestic EV market – with some states setting aggressive targets for zero-emission car sales by the year 2035.

David Massey, the CEO of Solar Integrated Roofing Corporation, said the corporation was excited to announce it had entered the rapidly expanding EV charging market. The Company company is well-positioned to gain good EV charging operators in influential EV adoption markets across the U.S. As we continue our rapid pace of operational execution, we will create long-term value for our shareholders.

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Summary

With recent extreme weather events, concerns about global warming and climate change have increased, and renewable energy stocks have slowly become more prevalent in the energy mix of various countries worldwide, So this latest surge in the Solar Integrated Roofing Corporation (OTC PINK: SIRC) stock might sustain for a while.

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