David Massey, CEO Of Solar Integrated Roofing Corp. (OTC PINK: SIRC), In Stock Market Podcast Interview Sees Up List To OTCQB Market By Late February—Early March,
Seeking Alpha Analyst Since 2016
Our daily online news site delivers original and compelling financial journalism that keeps individual investors informed, educated and ahead of the curve on issues that impact companies, move markets and affect investment portfolios. SMP’s success as an independently-owned news organization relies on producing timely, objective reporting that our readers value, trust and depend on.
With more than a dozen writers, reporters and editors, SMP offers an in-depth look at small companies in influential industries across the marketplace. Through our virtual bureaus across the U.S. and around the world, our staff and freelance contributors cover key news and events with significance everywhere from Wall Street to Main Street.
Though daily financial posts and special reports, we provide readers across the web with breaking news, in-depth analysis and insightful commentary on little-known companies, pivotal business moves and industry developments that shape national and global markets.
Summary
- David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), In Stock Market Podcast Interview Sees Up List To OTCQB Market By Late February—Early March, Then Up List Again.
David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), said
in a Stock Market Podcast released yesterday with host Jane King that the Company was zeroing in on an up list to the OTCQB Market by late February—early March and that it would up list again within 12-20 months to the NASDAQ Small Cap Exchange. He said that SIRC was 95% complete on its Form 10 and is completing its audited financials for 2019 and 2020. “2022 will be the perfect storm for us,” declared Massey, clarifying that the 2022 fiscal year is essentially the year 2021 for SIRC. The complete interview can be heard on Stock Market Podcast.
stockmarketpress.com features specialized coverage of related stocks in the solar industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), Tesla, Inc. (NASDAQ: TSLA), SunPowerCorp. (NASDAQ: SPWR), Canadian Solar Inc. (NASDAQ: CSIQ) and Vivienne Solar Inc. (NYSE: VSLR).
David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), inStock Market Podcast Interview Sees Up List To OTCQB Market By Late February—Early March, Then Up List Again To NASDAQ Small Cap Exchange Within 12-20 Months As Form 10 Is Now 95% Complete
Massey said, “We’ve been working on our audit for quite some time. I can safely say we’re at the finish line. We hired a new auditor who is working closely with our CFO. We are just now completing the 2019 and 2020 consolidated financials and nine month Review. Our Form 10 is 95% complete. We are very confident that by the end of February to the first week of March and the Form 10 done with audited financials and be ready for the up list.” He was referring to the OTCQB. “We’re very confident that with the revenues and the growth we’re going to have in 2022 we think within 12-20 months we can be on the Small Cap NASDAQ, no problem,” he said on the Stock Market Podcast.
Massey Looking At EV Acquisitions In New Jersey, Colorado And California
Massey, CEO of SIRC, added that the Company’s official opening this week of its EV charging division has meant a renewed focus on acquisitions within that industry. “The EV charging network is going to be a big part of our business,” Massey said. “I am currently working on several acquisition targets — one is in New Jersey, one is in Colorado and one right here in California. It will be a big plus for us this year.” He cited SIRC’s being named a partner as a certified installer for Tesla (NASDAQ: TSLA).
He noted that the new administration is pro clean energy and the solar industry would be aided by the higher 26% federal tax credit and the three year extension of the credit.”
Massey was joined on the Stock Market Podcast by Trent Crane, president of Enerev LLC, a solar company recently acquired by Solar Integrated Roofing Corp. (OTC PINK: SIRC). Massey said that the 45 trial period of working with SIRC “really worked out” and Crane noted that the period showed the Company how the joint venture process process flowed and played out — and “helped us move forward.” For his part, Massey said that Enerev’s door-to-door sales strategy was attractive — and demonstrated the value of making sales without any additional costs. David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), In Stock Market Podcast Interview Sees Up List To OTCQB Market By Late February—Early March, Then Up List Again To NASDAQ Small Cap Exchange Within 12-20 Months As Form 10 Is Now 95% Complete.
As for Enerev, Trent Crane said this Company would, “continue to grow in the Southern California market, hopefully start expanding more in Northern California and would look at expanding more in the Phoenix area. He explained that the combination of door-to-door marketing and online marketing would lead to “exponential growth” in the future. He added that the company and SIRC had recently acquired 13,000 more leads in the Arizona market and people are on the ‘dialer’ and were already making appointments.” He explained that he also had people on the ground making sales in Texas and the company is already on the ground in New Mexico, as you probably know, he said.
“I feel really blessed to be part of this,” Crane said. “I am grateful to be here.”
In an acquisition announced in late January, Solar Integrated Roofing Corp. (OTC PINK: SIRC) said it closed on the cash and stock transaction to buy solar energy company Enerev, LLC. SIRC said Enerev’s addition was expected to add $2 million monthly to SIRC’s run rate by late 2021. Prior, SIRC and Enerev, LLC had a joint venture signed in November 2020 which ensured each Company they were properly aligned for a possible future combined business. David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), In Stock Market Podcast Interview Sees Up List To OTCQB Market By Late February—Early March, Then Up List Again To NASDAQ Small Cap Exchange Within 12-20 Months As Form 10 Is Now 95% Complete.
David Massey, CEO of SIRC, Said Acquisition Will Open Cross-Selling Opportunity
“Enerev’s business, built on a long legacy of good business practices, provides an exciting cross-selling opportunity for our full complement of products and services across solar, battery backup installation, roofing and related HVAC/electrical contracting work,” David Massey, CEO of SIRC said. He added, “We look forward to adding the Enerev team to the Solar Integrated Roofing family as their no-cost, direct door to door marketing, is a perfect fit for Solar Integrated Roofing.”
Massey Sees Enerev As A Market Leader
Massey also said, “Enerev is a market leader with best-in-class business development and solar energy systems installers, a business which we believe can significantly expand our customer base and improve labor efficiencies company-wide. We will expand and accelerate those achievements by transitioning their team to offer our highly sophisticated and efficient system designs, tailored to each client’s specific needs including start to finish oversight of the entire project with a single point of contact throughout the life of the solar system.”
California’s Pro-Solar Legislation Mandates Solar Energy In New Homes Constructed In 2020
The residential solar industry has been stimulated by legislation this year requiring that all new residences in California must receive energy by solar. The California solar legislation makes it the first state in the nation to mandate solar usage to drive electricity in residential buildings three stories or lower. David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), In Stock Market Podcast Interview Sees Up List To OTCQB Market By Late February—Early March, Then Up List Again To NASDAQ Small Cap Exchange Within 12-20 Months As Form 10 Is Now 95% Complete.
Analyst's Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.