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Tesla, Inc. (NASDAQ: TSLA) Doubles Down On Solar, Introducing Its Own In-House Solar Inverter And May Deploy 'Powerwall' Energy Storage For Virtual Solar Power Plant In Hawaii; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Grows In Solar

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In an important commitment to solar, Tesla, Inc. (NASDAQ:TSLA) has completed the Tesla home solar system with the debut of its in-house produced Tesla Inverter. That unit gives Tesla greater cost and quality control over the complete solar systems it installs for homeowners. Tesla is also expected to supply to Swell Energy in Hawaii Tesla solar energy storage ‘Powerwall' for a new virtual power plant project. Solar Integrated Roofing Corp. (OTC:SIRC) is also committed to solar and entering clean energy adjacent sectors.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC:SIRC), Sunrun, Inc. (NASDAQ:RUN), Blink Charging Co. (NASDAQ:BLNK), Tesla, Inc. (NASDAQ:TSLA), SolarEdge Technologies, Inc. (NASDAQ:SEDG), First Solar, Inc. (NASDAQ:FSLR), SunPowerCorp. (NASDAQ:SPWR), Gibraltar Industries, Inc. (NASDAQ:ROCK) and Canadian Solar Inc. (NASDAQ:CSIQ).

Tesla, Inc. (NASDAQ:TSLA) Doubles Down On Solar, Introducing Its Own In-House Solar Inverter And May Deploy ‘Powerwall'  Energy Storage For Virtual Solar Power Plant In Hawaii; Solar Integrated Roofing Corp. (OTC:SIRC) Grows In Solar

The commitment to solar by Tesla, Inc. (NASDAQ:TSLA) in the introduction of the solar inverter is that it completes the Tesla ownership of a solar system, ensuring that TSLA is is complete control over costs, competitive pricing and product quality. Leveraging its expertise in power electronics to manufacture an inverter compatible with the Tesla's Solar Roof and third-party solar panels, the new product is efficient and designed to integrate with the Tesla Powerwall solar energy storage product.

TSLA Recommits To Swell Energy Solar Project In Hawaii

TSLA's further commitment to Commercial Solar In Hawaii, follows on the Company's similar moves in other parts of the world — such as South Australia — where multiple solar Powerwalls power up to 50,000 residential homes in another project. TSLA has proved its solar Powerwall product can power commercial governmental-run power facilities for numerous residential properties.

TSLA is known as an electric car company, attaining $834 billion in market value and an S&P ranking. Focusing on greater solar growth this year, TSLA almost tripled solar deployments sequentially last year and now targets third party installers. Tesla, Inc. (NASDAQ:TSLA) Doubles Down On Solar, Introducing Its Own In-House Solar Inverter And May Deploy ‘Powerwall'  Energy Storage For Virtual Solar Power Plant In Hawaii; Solar Integrated Roofing Corp. (OTC:SIRC) Grows In Solar.

Solar Integrated Roofing Corp. (OTC:SIRC) Has Multiple Revenue Streams In Solar: Redesigns Online Site To Reflect Its Growth

As it expands its entry into solar and adjacent clean energy sectors, Solar Integrated Roofing Corp. (OTC:SIRC) has redesigned its online site at www.solarintegratedroofing.com, complete with a comprehensive presentation for investors. It includes financials, oversight of all brands, news and press releases and profiles of its executive team. In one place, investors can learn all about the Company's activities and past performance.

One Place Where SIRC Sees Opportunity: California Mandates Solar In 2020  In New Residences

As California's law now mandates solar energy systems for new residences built in 2020 and beyond, there are many new opportunities for expansion for SIRC.

New Strategies And Partnerships Present SIRC With Multiple Solar Opportunities

Massey, SIRC CEO, said of the company's entry into new home developments alongside several San Diego builders, "In addition to the roofing and solar revenue from each new housing development, we maintain the upside opportunity to sell the end home buyer additional solar or battery storage solutions, creating an exciting new sales pipeline for our growing team." Tesla, Inc. (NASDAQ:TSLA) Doubles Down On Solar, Introducing Its Own In-House Solar Inverter And May Deploy ‘Powerwall'  Energy Storage For Virtual Solar Power Plant In Hawaii; Solar Integrated Roofing Corp. (OTC:SIRC) Grows In Solar.

SIRC Shares Seen By Researcher Trading North Of $1.00 And Beyond In 2021

Goldman Small Cap Research in an updated report this month, explained that SIRC's stock still has a lot to gain in valuation metric. "Thus, we believe that these shares (SIRC) could trade north of $1.00 and beyond in 2021, especially as new companies are brought into the SIRC family," it concluded. Goldman Small Cap Research in the new report tripled its price target for Solar Integrated Roofing Corp. (OTC:SIRC) to $0.75 for the next three-six months.

The Goldman report added: "Based on the Company's price/sales metrics relative to our price target (2.7x next year's sales), we have determined that for each new $5 million in acquired business, SIRC's shares should enjoy a $0.10 per share rise."

Volume Drivers Cited For Solar Integrated Roofing Corp. (OTC:SIRC)

Goldman likes SIRC's M&A strategy, entry into adjacent sectors, past record performance and recent partnership/agreement with an EV developer of all-electric tractors, which is an applicant for a $500 million USTDA grant. Goldman projected SIRC sales at $19.8 million for FY 2021 and $38.5 million in FY 2022.

SIRC forecasts a volume of $40 million for FY 2022 — slightly north of the $38.5 million projected for it that year by the new Goldman report. Similarly, David Massey, CEO of Solar Integrated Roofing Corp. (OTC:SIRC), projects that the Company will generate revenues of $20 million for the FY ending February 28, 2021, almost precisely the $19.8 million estimated by the initial report.

Rob Goldman, Senior Analyst, cited SIRC's Q3 FY 2021 volume jump of 130% YOY to $5.2 million in sales. It also noted SIRC's move into new adjacent clean air categories such as EV charging stations, all-electric tractors and new home solar installations in San Diego — mandated in California — in addition to its solar activity in Southern California. SIRC reached a new agreement with Solectrac, Inc., an electric tractor developer and manufacturer located in Northern California. The company is now 24% owned by Ideanomics (NASDAQ:IDEX). Solectrac is an applicant for a $500 million USTDA grant.

Source: Stock Market Press

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