Welcome to our dedicated page for Singlepoint news (Ticker: SING), a resource for investors and traders seeking the latest updates and insights on Singlepoint stock.
SinglePoint Inc. (Cboe: SING) is a leader in the renewable energy and sustainable lifestyle sectors. Headquartered in Phoenix, Arizona, the company focuses on solar power solutions and indoor air purification through its subsidiaries, aiming to create the largest vertically integrated network for solar panel marketing and installation in both residential and commercial markets.
One of the primary subsidiaries, Boston Solar, has been instrumental in driving the company's solar business forward. Since its acquisition in 2022, Boston Solar has seen significant growth, installing over 5,000 residential and commercial solar arrays in New England, primarily in Massachusetts. The company has a robust pipeline of commercial projects with notable clients like Fenway Park, federal agencies, and luxury hotel chains. The commercial side is expected to drive substantial revenue growth in 2024.
In addition to solar energy, SinglePoint's subsidiary BOX Pure Air focuses on indoor air quality solutions, addressing the need for air purification in schools and offices. The company is also exploring future growth opportunities in energy storage, electric vehicle charging, and solar as a subscription service.
Recently, SinglePoint completed an underwritten public offering, raising $4 million by offering 800,000 shares at $5.00 per share. The proceeds are planned to be used for corporate purposes and to repay debt. The company has also shifted its trading to the Cboe BZX Exchange under the ticker symbol 'SING'.
CEO Wil Ralston is optimistic about the company's future, emphasizing strategic acquisitions and partnerships aimed at enhancing shareholder value. SinglePoint's listing on the Cboe BZX Exchange and its successful projects position it well for future growth and profitability.
SinglePoint Inc. (OTCQB: SING) has outlined key outcomes from its strategic review, emphasizing a focused approach toward renewable energy and indoor air quality. CEO Wil Ralston highlighted the potential for value maximization and growth, supported by a strengthened balance sheet and revitalized leadership. Core areas of focus include prioritizing people, enhancing sustainable practices, refining internal processes, and ensuring profitability. Subsidiaries like Direct Solar America and EnergyWyze are expected to drive individual and collaborative growth. A conference call to discuss these developments is scheduled for September 30, 2021.
SinglePoint Inc. (OTCQB: SING) announced a corporate update conference call and webcast on September 30, 2021, at 8:30 AM ET. The call will cover strategic priorities, updates on mission goals, and profitability strategies. Management will discuss advancements in customer acquisition for their brands, financing strategies for growth, and the company's outlook for 2022 and beyond. The event will be hosted by CEO Wil Ralston and CFO Corey Lambrecht, with options for live Q&A. Interested participants can join via phone or access the webcast here.
SinglePoint Inc. (OTCQB: SING) announced a $10 million equity financing agreement with GHS Investments, LLC, aimed at enhancing growth in renewable energy. The funding will support strategic initiatives in the company's subsidiaries, including Direct Solar America and Energy Wyze. SinglePoint's CEO, Wil Ralston, emphasized the importance of this capital for accelerating revenue and profitability. Recent operational highlights include new collaboration initiatives and increased guidance for solar revenue projections, targeting $20 million for FY2022.
SinglePoint Inc. (OTCQB: SING) announced that its subsidiary, Energy Wyze, has launched an AI bot technology for automating appointment bookings and lead generation in the solar industry. The AI technology improves user experience by enabling two-way conversations via text and social media, without needing direct contact with a representative. Energy Wyze plans to roll out this technology in several states, with projections of significant cost and time savings. With the increasing focus on solar energy, the company aims to support industry growth amid ambitious government plans for solar adoption.
On Sept. 9, 2021, SinglePoint's subsidiary, BOX Pure Air, announced orders for its Apex 2.0 air purification units to a North Carolina school, aiming to improve indoor air quality amid rising health concerns. The Apex 2.0 targets large spaces like libraries and gymnasiums, enhancing ventilation and reducing airborne pathogens. The model, priced at $5,399, claims substantial cost savings—approximately $40,000 over five years compared to multiple smaller units. With over $190 billion in federal funding for schools, BOX Pure Air anticipates increased demand and follow-up orders.
SinglePoint Inc. (OTCQB: SING) announced that CEO Wil Ralston will present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. The company is focused on renewable energy solutions, aiming to enhance air quality and reduce reliance on traditional energy sources in a $180 billion solar market. Management will also hold virtual one-on-one meetings with registered investors. A video webcast of the presentation will be available on-demand starting September 13, 2021, at 7:00 AM ET on the company's website.
SinglePoint Inc. (OTC: SING) announced the launch of its new corporate website, singlepoint.com, aimed at enhancing communication and visibility. CEO Wil Ralston emphasized the company's dedication to renewable energy solutions and sustainable practices, stating that the website is a key step in their growth strategy. SinglePoint's subsidiaries, including Direct Solar America and EnergyWyze, continue to advance their business strategies. The company plans to provide an update on its growth strategy in Q3 2021 as it seeks to solidify its position in the renewable energy market.
SinglePoint Inc. (OTCQB: SING) has launched a clean air initiative coinciding with Clean Air Day on September 7, 2021, pledging to give away four Apex 2.0 AIRBOX units weekly for four weeks. This program aims to enhance indoor air quality in schools as students return to in-person learning, addressing safety concerns amid the ongoing pandemic. The Apex 2.0 can circulate 1,500 cubic feet of clean air per minute, significantly improving ventilation in large spaces. This initiative not only boosts student health but also supports better academic performance by reducing sick days.
SinglePoint Inc. (OTCQB: SING) announced an update from its subsidiary, EnergyWyze, which is now the exclusive provider of lead generation and social media management for a major energy solutions provider. This partnership opens opportunities for immediate revenue growth. EnergyWyze has 1,500 resellers nationwide, enhancing lead volume potential. The solar market is projected to grow significantly, with aspirations to reach 40% generation by 2035. EnergyWyze aims to connect consumers with solar installation providers, expanding its client base to boost solar adoption across the U.S.
SinglePoint Inc. (OTCQB: SING) has announced its forward-looking revenue guidance for Q4 2021, targeting annual revenues of $20 million in FY2022 from its solar business units. The domestic solar market is projected to reach $223 billion by 2026, with a potential growth of nearly $6 billion from 2021-2025. CEO Wil Ralston highlighted the strategic initiatives taken to improve lead generation and conversion rates, aiming for around $1.5 million in monthly revenue from residential solar installations. The company focuses on expanding its market presence through M&A actions in the renewable energy sector.
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