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SOLAR INTEG ROOFING CORP - SIRC STOCK NEWS

Welcome to our dedicated page for SOLAR INTEG ROOFING news (Ticker: SIRC), a resource for investors and traders seeking the latest updates and insights on SOLAR INTEG ROOFING stock.

Solar Integrated Roofing Corporation, formerly Landstar Development Group, Inc., is a development-stage company that operates as an integrated solar and roofing installation company specializing in commercial and residential properties throughout the United States. The company focuses on acquisitions and offers solar pool heating installation. Recent developments include brand consolidation and executive appointments to streamline operations and reduce costs. SIRC's ongoing projects include various commercial solar and EV charging installations, positioning the company for growth in 2024.

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Solar Integrated Roofing Corp. (OTCPINK:SIRC) has appointed Donald Pierce to its Board of Directors. With over 50 years of experience in business and capital markets, Pierce has held notable positions at Arby’s, Kentucky Fried Chicken, and Denny's. His expertise in management and strategy is expected to aid Solar Integrated's expansion into a national brand. The company plans to focus on making accretive acquisitions in the solar and roofing sectors to enhance shareholder value. This strategic addition aims to strengthen the company’s market position as it seeks sustainable growth.

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Solar Integrated Roofing Corp. (OTCPINK:SIRC) announced that CEO David Massey will present at the Planet MicroCap Showcase on April 21, 2021, at 11:30 a.m. Eastern Time. The event will be held virtually from April 20-22, 2021. Attendees can access the live audio webcast and an archive of the presentation via the provided link. Solar Integrated Roofing specializes in solar power and roofing system installations for residential and commercial properties, offering services such as solar energy system installation and electric vehicle charging stations.

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Solar Integrated Roofing Corp. (OTC PINK:SIRC) has appointed Craig Widdes as President of Roofing for Southern California. With over 30 years in the roofing industry, Widdes previously worked at CertainTeed, boosting residential roofing sales by 35%. He founded Widdes Roofing, achieving over $3 million in annual sales. This appointment allows CEO David Massey to focus on acquisitions and growth, enhancing value for shareholders. Solar Integrated Roofing provides solar power and roofing solutions across commercial and residential properties in the Southern California market.

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Solar Integrated Roofing Corp. (OTC PINK:SIRC) has engaged MZ Group for a strategic investor relations program, aimed at boosting visibility in capital markets. With California's new solar mandates and a favorable market for acquisitions, the company is poised for growth. Recent acquisitions include Enerev, LLC and Cornerstone Construction, solidifying its national expansion strategy. Solar Integrated aims to list on the OTCQB Venture Market soon, enhancing investor outreach to demonstrate its value amidst robust growth prospects.

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Solar Integrated Roofing Corp. (OTC Pink:SIRC) announced a corporate update highlighting key operational milestones. The company aims to uplist from OTC Pink to OTCQB and then to Nasdaq, signaling growth for shareholders. Recent partnerships with Sunrun could lead to 30 installations monthly. Solar Integrated Roofing aims to double its revenue run rate from $50-60 million to $100 million through acquisitions while reducing costs. With over $11 million in cash and potential funding from a DOE grant of $20-40 million for EV charging solutions, the company is positioned for growth and stability.

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Solar Integrated Roofing Corp. (OTC PINK:SIRC) has successfully completed the acquisition of Pacific Lighting Management (PLEMCo), a provider of energy services and EV charging solutions. This strategic move aims to enhance SIRC's EV charging division, which is expected to grow significantly due to increasing demand for electric vehicle infrastructure and government backing. With over 20 years in the field, PLEMCo brings valuable contracts and expertise, positioning SIRC to capitalize on a projected $39 billion EV charging market.

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Solar Integrated Roofing Corp. (OTC PINK:SIRC) announced the completion of PCAOB audited financial statements for fiscal years ending February 29, 2020, and February 28, 2019. This milestone culminates in the submission of a Form 10 Registration Statement to the SEC, marking the company's transition to a fully reporting entity. CEO David Massey emphasized that achieving this status enhances transparency, attracting institutional investors and positioning the company for an uplisting to the OTCQB Venture Market, with aspirations to eventually reach Nasdaq.

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Solar Integrated Roofing Corp. (SIRC) announced the acquisition of Cornerstone Construction, a key player in roofing and solar solutions in South Carolina, which generated $15 million in sales for 2020. This acquisition is part of SIRC's strategy to expand its national footprint and enhance its service offerings. CEO David Massey expressed optimism about leveraging Cornerstone’s industry connections to drive future acquisitions and synergies. The move aligns with the increasing focus on alternative energy, bolstered by supportive government policies.

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Solar Integrated Roofing Corp. (OTC PINK:SIRC) has signed a binding letter of intent to acquire Cornerstone Construction, a prominent South Carolina roofing and solar installer. Cornerstone has completed over 1,000 installations in 2020, generating more than $15 million in sales. This acquisition marks a pivotal step in Solar Integrated's strategy to expand nationwide in the roofing and solar market. The integration of Cornerstone's proprietary training programs and expertise is expected to enhance operational efficiency and growth potential, benefiting shareholders significantly.

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Solar Integrated Roofing Corp. (OTC PINK:SIRC) announced a binding Letter of Intent with Pacific Lighting Management, a diversified energy services provider. This acquisition aims to expand SIRC's presence in the government contract market, leveraging Pacific Lighting's extensive experience with federal and local agencies. The partnership is poised to enhance SIRC’s offerings, particularly in electric vehicle charging stations and energy efficiency solutions. Closing is subject to due diligence and a definitive agreement, targeting completion by February 2021.

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FAQ

What is the current stock price of SOLAR INTEG ROOFING (SIRC)?

The current stock price of SOLAR INTEG ROOFING (SIRC) is $0.0001 as of November 22, 2024.

What is the market cap of SOLAR INTEG ROOFING (SIRC)?

The market cap of SOLAR INTEG ROOFING (SIRC) is approximately 1.7M.

Does SIRC have a COO?

Yes, SIRC recently promoted Mohammad Suri to COO. Mohammad provides leadership to both roofing and solar divisions while managing operations at PLEMCo.

Why did SIRC sell Balance?

SIRC divested Balance Claims to allocate proceeds to support construction activities in other operating divisions, ensuring better positioning for both Balance and SIRC.

Is SIRC cash flow positive?

SIRC's Q4 cash flow improved over Q3 and continues to increase. Focus on increasing profitable revenue and reducing costs enables ongoing cash flow improvement.

How to refer someone for roofing/solar projects?

Fill out the contact information links on the websites, mentioning that you are a shareholder for pricing consideration.

Why did CEO stay on after Dave Massey left?

CEO's loyalty to employees, suppliers, customers, and shareholders, coupled with a belief in the viability of SIRC, motivates him to lead the company towards sustainable growth.

How does SIRC market and secure roofing and solar work?

SIRC leverages established relationships and efficient sales representatives in Southern California. The company focuses on combination jobs and top-tier solar products for residential sales growth.

What excites SIRC about 2024?

SIRC anticipates significant growth opportunities in commercial solar, EVSE projects, and federal government sectors. The company aims to secure more projects and expand revenue streams.

Which will happen first: The Chicago Bears win 10 games or SIRC achieves $100 million in revenue?

Both outcomes are achievable in 2024, reflecting the positive growth prospects and opportunities for SIRC.

Is SIRC still viable for the long term?

SIRC's strategic shift to focus on commercial and government business units, streamlining operations, and divesting residential divisions positions the company for long-term viability and continued growth.

SOLAR INTEG ROOFING CORP

OTC:SIRC

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SIRC Stock Data

1.71M
8.55B
0.03%
Solar
Technology
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United States of America
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