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.
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SinglePoint Inc. (SING) announces significant corporate refinements to drive operational profitability in the solar energy industry. Recent acquisitions, partnerships, and cost-saving measures showcase the company's commitment to growth and sustainability.
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SinglePoint Inc's subsidiary, Boston Solar, partners with a nonprofit housing developer to install custom solar panel systems in Cambridge, MA. The project aims to provide affordable, energy-efficient housing and align with the city's renewable energy goals, showcasing Boston Solar's commitment to commercial solar operations.
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SinglePoint Inc (SING) received a notification letter from Cboe BZX regarding its common stock's bid price falling below $1.00. The company has 180 days to regain compliance, with potential for an additional grace period if needed. SinglePoint's CEO is confident in the company's value and growth potential, aiming to address the market cap issues and improve stock performance.
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SinglePoint Inc's subsidiary, Boston Solar, partners with a leading American hotel chain to install a 219.24kW solar panel system, aiming to produce 6,021,634kWh over 25 years. The project underscores Boston Solar's commitment to renewable energy solutions and commercial growth, positioning the company for profitable revenue growth in 2024.
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Boston Solar, a leading solar energy solutions provider in New England, appoints Michael Morlino as its new President. Morlino, a distinguished military veteran with a proven track record of leadership, strategic acumen, and operational excellence, is expected to drive growth and innovation at Boston Solar. The company has also secured a 100+ home federal agency solar assessment and engineering project and has been selected as the first US-based EPC to carry Energizer Solar products. The CEO of SinglePoint Inc. expressed optimism for a stellar 2024, citing Boston Solar's impressive financial growth and the leadership transition as key factors.
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SinglePoint Inc (CBOE: SING) subsidiary Boston Solar announces a groundbreaking agreement with a federal government entity to complete more than 100 sight assessments and start initial engineering and design in anticipation of installing rooftop solar systems for those homes. The initiative is expected to have a substantial impact on the local community by lowering individual carbon footprints and reducing energy costs for participating households. Boston Solar remains at the forefront of innovation, delivering sustainable and cost-effective solar solutions for residential and commercial clients alike.
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SinglePoint Inc. (CBOE: SING) provides an update on its 2023 accomplishments and plans to increase shareholder value in 2024. The company, a provider of renewable energy, energy supply, and healthy building solutions, successfully listed on the CBOE BZX Exchange in December. SinglePoint aims to accelerate its acquisition strategy in the renewable energy sector, particularly focusing on acquiring national premier solar installation businesses. The company completed its first acquisition in April 2022, acquiring Boston Solar, leading to a 41% revenue increase from approximately $17 million to $24 million at the end of FY/2022. Despite challenging market conditions, SinglePoint expects continued growth in FY/2023, with trailing twelve-month revenues surpassing the $30 million mark. The company's CEO, Wil Ralston, highlighted the team's resiliency and abilities to navigate significant solar industry headwinds in 2023. With the uplist to the CBOE market, SinglePoint aims to add value to its asset portfolio by capitalizing on aggressive acquisition-based valuations in excellent companies, aiming to create new revenue streams. The company has also established multiple initiatives for 2024, including potential market expansions, accretive acquisitions, and industry partnerships.
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SinglePoint Inc. (Cboe:SING) announced the pricing of its underwritten public offering of 800,000 shares of common stock at $5.00 per share, expecting gross proceeds of $4,000,000. The company will also effectuate a reverse split of its issued and outstanding common stock at a ratio of 1-for-26. The shares are expected to begin trading on the BZX Exchange, a division of Cboe Global Markets, on December 15, 2023, under the ticker symbol 'SING'. The net proceeds will be used for general corporate purposes and to repay up to $500,000 of its indebtedness.
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SinglePoint Inc. (OTCQB:SING) Reports Record-Breaking Year-to-Date Revenue of $21 Million
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SinglePoint Inc. announces the addition of Michael Ricci to the leadership team of its subsidiary, Boston Solar. In the past 7 months, Ricci and his team have installed 33 projects totaling 1.3MW and are close to finalizing a 1.2MW installation, which is Boston Solar's largest project to date. Ricci's expertise and experience will help drive the growth of the commercial division.
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FAQ
What is the current stock price of Singlepoint (SING)?
The current stock price of Singlepoint (SING) is $0.0088 as of February 21, 2025.
What is the market cap of Singlepoint (SING)?
The market cap of Singlepoint (SING) is approximately 19.5K.
What does SinglePoint Inc. do?
SinglePoint Inc. focuses on renewable energy solutions, particularly solar power and indoor air purification. The company aims to build a large network for solar panel marketing and installation.
What are the main subsidiaries of SinglePoint Inc.?
The main subsidiaries of SinglePoint Inc. include Boston Solar, which handles solar energy projects, and BOX Pure Air, which focuses on indoor air quality solutions.
What recent achievements has SinglePoint Inc. accomplished?
Recent achievements include a successful public offering raising $4 million, listing on the Cboe BZX Exchange, and securing major commercial solar projects with renowned clients.
What are SinglePoint’s future growth opportunities?
SinglePoint is exploring growth opportunities in energy storage, electric vehicle charging, solar as a subscription service, and additional energy-efficient appliances.
How is Boston Solar contributing to SinglePoint’s growth?
Boston Solar has installed over 5,000 solar arrays and has a strong pipeline of commercial projects, significantly contributing to SinglePoint’s revenue and market presence.
What financial condition is SinglePoint Inc. in?
SinglePoint recently raised $4 million through a public offering and plans to use the funds for general corporate purposes and debt repayment, positioning itself for future growth.
What is BOX Pure Air?
BOX Pure Air is a subsidiary of SinglePoint Inc. that focuses on indoor air quality solutions, particularly air purification systems for schools and offices.
What impact has the acquisition of Boston Solar had on SinglePoint?
The acquisition of Boston Solar has led to significant growth in revenue and project pipeline, enhancing SinglePoint's market position in the renewable energy sector.
Who is the CEO of SinglePoint Inc.?
Wil Ralston is the CEO of SinglePoint Inc., guiding the company through strategic acquisitions and growth initiatives aimed at increasing shareholder value.
What is the ticker symbol of SinglePoint Inc. on the Cboe BZX Exchange?
The ticker symbol for SinglePoint Inc. on the Cboe BZX Exchange is 'SING'.
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