Home Financial Markets Penny Stocks What Caused The SIRC Stock to Advance 36%?

What Caused The SIRC Stock to Advance 36%?

At the previous close, Solar Integrated Roofing Corporation’s (OTCPink: SIRC)’s stock had risen 36.26% to $0.62. A total of 7,337,557 Solar Integrated stock shares were traded in Tuesday’s regular trading.

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SIRA stock was reported to be ranged from $0.018 to $3.00 on a 52-week basis. SIRC stocks jumped following news of an agreement to acquire a Business Process Outsourcing (BPO) firm.


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What SIRC has been acquiring?

SIRC is an integrated, seamless platform for solar power and roofing systems installation specializing in residential and commercial properties across the United States. Yesterday, it was announced that Solar Integrated Roofing had agreed to a binding agreement to buy a BPO firm, Balance, LLC.

Balance was founded in 2015 as a BPO company dedicated exclusively to helping contractors manage their businesses as efficiently as possible. Balance, known as the ‘America’s Services Company for Contractors’, is one of the most trusted brands in the contracting market in the United States.

Since its founding, Balance has built service relationships with over 900 contractors across the country and provided customer service that has set the standard for administrative, estimating, supplemental, back office, billing, and project file management for more than 30,000 jobs.

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What’s next for SIRC?

By merging with Solar Integrated Roofing (SIRC), Balance’s nationwide client list will bring substantial annual recurring revenue. SIRC’s 33-person team will manage the back-office functions for its subsidiaries, contributing significantly to its business well beyond revenue accretive gains.

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