#Solar/ #EV #Stock News- Solar Integrated Roofing (OTC: $SIRC) Reports Record First Quarter 2022 Financial Results; @SIRCStock

#Solar/ #EV #Stock News- Solar Integrated Roofing (OTC: $SIRC) Reports Record First Quarter 2022 Financial Results; @SIRCStock 

Growing Revenue 682% to $27.0 Million

 

Net Income Grew to $5.7 Million; Completion of 2021 Audited Financial Statements Positions Company to Accelerate Near-Term Uplisting Strategy

 

HENDERSON, NV / May 17, 2022 / Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks - Solar Integrated Roofing Corp. (OTC: SIRC),  an integrated, single-source solar power, roofing systems installation and EV charging company, today reported its financial and operational results for the first quarter ended March 31, 2022.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/05171SIRC-Q1-Results.asp

 

Key First Quarter 2022 and Subsequent Highlights

·        Revenue in the first quarter ended March 31, 2022 increased 682% to $27.0 million, as compared to revenue of $3.5 million in the first quarter of 2021.

·        Net income in the first quarter of 2022 was $5.7 million, or $0.01 per basic and diluted common share, as compared to a net loss of $2.3 million, or $(0.01) per basic and diluted common share, in the first quarter of 2021.

·        Filed audited financial statements for the year ended December 31, 2021 and transitioned to a more traditional December 31 fiscal year, positioning the Company to accelerate its near-term uplisting strategy.

·        Awarded 5-year blanket purchase agreement with the U.S. General Services Administration as part of the $5 billion in federal funds allocated to EV charging installations in the Biden Administration’s Infrastructure Bill.

·        Signed a new national pricing agreement with Enphase Energy, as well as with a tier-1 global solar panel supplier, to offer the Enphase Energy System including IQ batteries, IQ Microinverters and tier-1 solar panels for residential and commercial solar installations.

·        Secured a $45 million co-development agreement with Lux Power for the installation of 17 solar projects at private high schools across the state of Georgia.

·        Participated in leading investor conferences nationally including the Diamond Equity Emerging Growth Invitational, the 34^th Annual ROTH Growth Conference, the Q1 2022 Investor Summit and the Planet MicroCap Showcase.

 

Management Commentary

“The first quarter of 2022 was marked by exciting momentum in our acquisition pipeline, significant continued revenue growth, and the completion of audited financials to facilitate the start of our near-term uplist strategy,” said David Massey, Chief Executive Officer of Solar Integrated Roofing. “Our focus is now on our uplisting strategy – first to the OTCQB and then to the NASDAQ – which will bring additional liquidity and broaden our shareholder base through an enhanced profile within the investment community. With the completion of our recently announced acquisitions, I believe our sales run rate could potentially grow to exceed $400 million per year by the end of 2022.

 

“On the operational front, we are strategically focusing additional resources on our near-term EV charging pipeline given the recent $5 billion federal commitment for highway EV charging installations as part of the Biden Administration’s Infrastructure Bill. To better position ourselves to capture a more robust portion of this generational opportunity, we recently were one of only 16 companies nationally that were awarded a 5-year blanket purchase agreement with the U.S. General Services Administration to install what could be hundreds of thousands of EV charging stations in the coming years.

 

“Turning to our margin profile, in the first quarter we signed a new pricing agreement with Enphase and a tier-1 solar panel supplier to reduce hardware costs on residential and commercial solar installations by over 25%. This bulk pricing agreement provides a significant opportunity to offer our customers better products, at better pricing, with some of the highest possible project-level margins for our shareholders. This is truly a win-win for all parties involved and we are incredibly excited to partner with a well-known supplier like Enphase.

 

"Looking ahead in 2022 and beyond, we will continue to prioritize the solar and EV charging segments of our business. The opportunity size and margin potential in these industries is particularly attractive for a company such as ours. The SIRC family of companies is well positioned to continue its rapid pace of operational execution, positioning us to create sustainable, long-term value for my fellow shareholders,” concluded Massey.

 

Financial Results for the First Quarter Ended March 31, 2022

·        Revenue in the first quarter of 2022 increased 682% to $27.0 million, as compared to revenue of $3.5 million in the first quarter of 2021. The increase was driven by the Company's continued acquisitions, as well as continued organic growth across the SIRC family of companies.

·        Gross profit increased to $11.3 million, or 41.7% of revenues, in the first quarter of 2022, as compared to a gross loss of $0.5 million, or 13.9% of total revenues, in the first quarter of 2021.

·        Total operating expenses in the first quarter of 2022 totaled $5.2 million, as compared to total operating expenses of $2.6 million in the first quarter of 2021. The increase was mainly attributable to increased operational scale, driven by a series of recent acquisitions.

·        Net income for the first quarter of 2022 was $5.7 million, or $0.01 per basic and diluted common share, as compared to a net loss of $2.3 million, or $(0.01) per basic and diluted common share, in the first quarter of 2021.

·        Cash and cash equivalents totaled $0.7 million as of March 31, 2022, as compared to $1.1 million as of December 31, 2021.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC: SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on Twitter, Facebook or Discord.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

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Breaking #Cleantech / #Tech #Stock news: KULR Technology Group (NYSE: $KULR) Reports First Quarter 2022 Financial Results; @KULRTech

Breaking #Cleantech / #Tech #Stock news: KULR Technology Group (NYSE: $KULR) Reports First Quarter 2022 Financial Results; @KULRTech

 

SAN DIEGO, CA, May 16, 2022 (Investorideas.com Newswire)-- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today reported results for the first quarter ended March 31, 2022.

 

Read this news, featuring KULR in full at https://www.investorideas.com/news/2022/renewable-energy/05161KULR-Q1-Results.asp

 

First Quarter 2022 and Recent Operational Highlights:

 

·        Selected by a multinational technology conglomerate to supply proprietary carbon fiber solution for core component in the sensing of electrical nerve signals to control navigation through virtual environments. This foundational partnership marks KULR’s entry into the Metaverse, where the Company believes it has additional opportunities to support this growing industry.

 

·        Secured a battery safety contract with NASA to test the Company’s lithium-ion cells for future battery packs designed for the Artemis Program, a series of US-led international human spaceflight programs. KULR is processing up to 10,000 lithium-ion cells per week as well as preparing for tests performed by NASA, the Department of Defense (“DoD”), and others performing manned flighted missions.

 

·        Awarded three additional contracts with DoD prime contractors to implement the Company’s carbon fiber cathode solution for high-power magnetic and other covert pulse weaponry initiatives.

 

·        Appointed former NASA Johnson Space Center senior leader Dr. William Walker as Director of Engineering. Dr. Walker will work with the Company’s engineering team on its next generation high-performance computing (“HPC”) and hypersonic vehicle thermal management initiatives.

 

·        Released a passive propagation resistant (“PPR”) solution in its KULR-Tech Safe Case product family for maritime lithium-ion battery safety. The PPR solution meets the upcoming United States Coast Guard’s new safety requirements for the passenger vessel industry and provides additional battery safety options for the cargo, fishing, and cruise verticals. The Company’s solution prevents cell to cell thermal runaway propagation as well as heat, fire, and explosion from exiting the KULR-Tech Safe Case enclosure.

 

Subsequent Events

On May 13, 2022, KULR entered into separate transactions for both a note and a standby equity purchase agreement, allowing the Company to access up to $55 million in additional capital for procuring battery cell supplies as well as other key materials. The Company is securing inventory allocations in anticipation of ongoing demand from its key end markets. In total, KULR expects to procure lithium-ion battery cells providing up to 500-megawatt hours (“MWh”) of energy capacity, enough to power approximately 40,000 homes using currently available domestic energy storage options. Within applications for the energy storage and e-mobility markets, the battery cell supplies would equate to a revenue opportunity of $250-$350 million. To further control supply chain and manufacturing costs and risks, the Company also intends to use these funds to bring much of its production capabilities to North America.

 

Additional details regarding the transactions can be found in the Company’s Form 8-K filing with the Securities and Exchange Commission.

 

Management Commentary

“In the first quarter we took demonstrable steps to support our current operations and future-proof our business in the face of ongoing supply chain challenges and mandated COVID-19 lockdowns in China,” said KULR CEO Michael Mo. “During the period we saw significant inventory buildup in China that delayed over $300,000 in revenues, which we expect to report in the coming quarter. In response to these challenges and potential roadblocks going forward, we’ve taken decisive action in solidifying our access to capital and procuring high-value and high-demand battery supplies. Over the coming year, we expect to procure battery cell supplies equaling up to 500 MWh of energy capacity to ensure we can continue to meet the outsized customer demand we are seeing. Longer term, we plan to consolidate many of our production activities to the U.S. as well.

 

“We are continuing to invest and focus on our core growth segments in energy storage, e-mobility and safe transportation of lithium-ion batteries with the full battery management lifecycle. As we further commercialize these areas, we will leverage our innovative R&D capabilities and products and also reference our partnerships in aerospace, defense, government and regulatory sectors.”

 

First Quarter 2022 Financial Results

Revenues: In the first quarter ended March 31, 2022, revenue decreased to $200,000 from $418,000 reported in the same year-ago period. The decrease in revenue was primarily due to decreased product revenue caused by mandated COVID-19 lockdowns in China, which impacted the Company’s ability to ship finished goods. Lockdown protocols were alleviated in early second quarter of 2022, allowing these products to ship and the Company booked revenue of $325,000 related to the affected sales in Q2 of 2022.

 

Cash: As of March 31, 2022, the Company had $10.1 million of cash compared to $6.2 million in the same year ago period.

 

Gross Margins: Gross margin was 39% in the quarter ended March 31, 2022, compared to 34% in the same year ago period.

 

Selling, General and Administrative (SG&A) Expenses: SG&A expenses increased to $3.5 million in the first quarter of 2022 from $1.5 million in the same year-ago period. The increase in SG&A expenses was due to stock-based compensation issued to employees and consultants, labor costs, and general sales and marketing activities.

 

R&D expenses: R&D expenses in the first quarter of 2022 increased to $721,000 from $123,000 in the same period last year. The increase was due to increases in new engineering hires, investments in manufacturing automation, new product developments, and research in high-areal capacity battery electrodes and solid-state electrolyte.

 

Operating Loss: Loss from operations was $4.2 million for the first quarter of 2022, compared to $1.5 million from the same period last year. The increased operating loss was driven by higher SG&A and R&D costs combined with a year-over-year gross profit decrease of 46%, as a result of impacted product revenue caused by COVID-19 lockdowns in China.

 

Net Loss: Net loss for the first quarter of 2022 increased to $4.1 million, or a loss of $0.04 per share, compared to a net loss of $1.7 million, or a loss of $0.02 per share from the same period last year.

 

Conference Call

The Company has scheduled a conference call for Monday, May 16th, 2022, at 4:30 pm ET to discuss these results. Michael Mo, KULR’s CEO; Keith Cochran, President & COO, and Simon Westbrook, CFO, will provide a business update for the Company followed by a question-and-answer period.

 

To access the call:

Dial-In Number: 1-857-232-0157

Access Code: 422095

 

Please call the conference telephone number 10 minutes prior to the start time. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at 949-574-3860.

 

The conference call will be available for replay here and via the Investor Relations section of KULR’s website.

 

About KULR Technology Group Inc.

KULR Technology Group Inc. (NYSE American: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.KULRTechnology.com.

 

Safe Harbor Statement

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 28, 2022. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

Media Relations:

Annika Harper

The Antenna Group

KULR@antennagroup.com

 

Investor Relations:

Tom Colton or Matt Glover

Gateway Investor Relations

Main: (949) 574-3860

KULR@gatewayir.com

 

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New #Stocks and #Trading Ideas: (NYSE: $LEV; TSX: $LEV.TO) (Nasdaq: $DCFC) (NasdaqCM: $AGFY) (TSXV: $PSYB.V) (NasdaqCM: $FTHM) (NYSE: $VSTO)

  New #Stocks and #Trading Ideas: (NYSE: $LEV; TSX: $LEV.TO) (Nasdaq: $DCFC) (NasdaqCM: $AGFY) (TSXV: $PSYB.V) (NasdaqCM: $FTHM) (NYSE: $VSTO)

 

New Stocks to Watch in #GreenAutomotive, #Cannabis, #Psychedelics, #RealEstate and #Sports

 

 

 

Vancouver, Kelowna, Delta, BC, May 13, 2022 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces its weekly roundup of stocks to watch in Green Automotive, Cannabis, Psychedelics, Real Estate and Sports. Today’s stocks have been added to our lists of free stock directories in each sector.

 

Read this in full at https://www.investorideas.com/news/2022/main/05131Stocks.asp

 

The newest green automotive companies also crossover into electric vehicle charging, vehicle manufacturing and ride sharing.

 

The latest cannabis companies include a cannabis product company with operations in California, a company providing cultivation and extraction solutions and a leading, vertically integrated, multi-state cannabis operator.

 

The newest psychedelics include neuroscience-focused pharmaceutical company, a biotechnology company developing novel, bespoke psychoactive medicinal candidates and a clinical-stage natural psychedelic drug development company.

 

The latest real estate companies operate tech-driven brokerages in the US while the newest sports companies include a sporting and outdoor goods manufacturer and a global franchisor of boutique fitness brands.

 

New Stocks added to the Green Automotive Stocks List:

The Lion Electric Co. (NYSE:LEV; TSX:LEV) is an innovative manufacturer of zero-emission vehicles. The company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric buses and minibuses for the school, paratransit and mass transit segments. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies. Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life.

 

Tritium DCFC Limited (Nasdaq:DCFC) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own and use. Tritium is focused on continuous innovation in support of our customers around the world.

 

Nuvve Holding Corp. (Nasdaq:NVVE) is leading the electrification of the planet, beginning with transportation, through its intelligent energy platform. Combining the world's most advanced vehicle-to-grid (V2G) technology and an ecosystem of electrification partners, Nuvve dynamically manages power among electric vehicle (EV) batteries and the grid to deliver new value to EV owners, accelerate the adoption of EVs, and support the world's transition to clean energy. By transforming EVs into mobile energy storage assets and networking battery capacity to support shifting energy needs, Nuvve is making the grid more resilient, enhancing sustainable transportation, and supporting energy equity in an electrified world. Since its founding in 2010, Nuvve has successfully deployed V2G on five continents and offers turnkey electrification solutions for fleets of all types. Nuvve is headquartered in San Diego, California

 

REE Automotive, Inc. (Nasdaq:REE) s an automotive technology leader whose mission is to empower companies to build any size or shape of electric or autonomous vehicle – from Class 1 through Class 6 – for any application and any target market. REE aims to serve as the underpinning on top of which EVs and AVs will be built and envisions a future where EVs and AVs will be ‘Powered by REE’. REE’s revolutionary technology – the REEcorner™ – packs critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module positioned between the chassis and the wheel, enabling REE to build the industry’s flattest EV platforms with more room for passengers, cargo and batteries. REE uses x-by-wire technology for fully independent control of driving, braking and steering functions. REE’s EV platforms afford complete freedom of design, enabling auto-manufacturers, OEMs, delivery & logistic fleets, Mobility-as-a-Service providers and new mobility players to design mission-specific EVs and AVs based on their exact business requirements and significantly reduce their time-to-market, lower TCO and meet zero-carbon regulations. Headquartered in Herzliya, Israel, REE has an Engineering Center in the UK, as well as subsidiaries including Japan and Germany, and plans to open its U.S. headquarters and first Integration Center in Austin, Texas. REE’s unique CapEx-light manufacturing model leverages Tier-1 partners’ existing production lines; the company’s extensive partner ecosystem encompasses leading names including Hino Motors (truck arm of Toyota), Magna International, JB Poindexter, Navya and American Axle & Manufacturing to provide a full turnkey solution. REE’s patented technology, together with its unique value proposition, position it to break new ground in e-Mobility.

 

Helbiz, Inc. (Nasdaq:HLBZ) is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform with over 40 licenses in cities around the world. Helbiz utilizes a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability. Helbiz is expanding its urban lifestyle products and services to include live streaming services, food delivery, financial services and more, all accessible within its mobile app.

 

Wolfspeed, Inc. (NYSE:WOLF) leads the market in the worldwide adoption of Silicon Carbide and gallium nitride (GaN) technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide and GaN materials, power-switching devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation.

 

New Stocks added to the Cannabis Stocks List:

Glass House Brands (OTC:GLASF) is one of the fastest-growing, vertically integrated cannabis companies in the U.S., with a dedicated focus on the California market and building leading, lasting brands to serve consumers across all segments. From its greenhouse cultivation operations to its manufacturing practices, from brand-building to retailing, the company's efforts are rooted in the respect for people, the environment, and the community that co-founders Kyle Kazan, Chairman and CEO, and Graham Farrar, Board Member and President, instilled at the outset. Through its portfolio of brands, which includes Glass House Farms, Forbidden Flowers, and Mama Sue Wellness, Glass House Brands is committed to realizing its vision of excellence: outstanding cannabis products, produced sustainably, for the benefit of all.

 

Agrify Corporation (NasdaqCM:AGFY) is the most innovative provider of advanced cultivation and extraction solutions for the cannabis industry, bringing data, science, and technology to the forefront of the market. Our proprietary micro-environment-controlled Vertical Farming Units (VFUs) enable cultivators to produce the highest quality products with unmatched consistency, yield, and ROI at scale. Our comprehensive extraction product line, which includes hydrocarbon, ethanol, solventless, post-processing, and lab equipment, empowers producers to maximize the quantity and quality of extract required for premium concentrates.

 

Verano Holdings Corp. (CSE:VRNO; OTC:VRNOF) is a leading, vertically integrated, multi-state cannabis operator in the U.S., devoted to the ongoing improvement of communal wellness by providing responsible access to regulated cannabis products. With a mission to address vital health and wellness needs, Verano produces a comprehensive suite of premium, innovative cannabis products sold under its trusted portfolio of consumer brands, including Verano™, Avexia™, Encore™, and MÜV™. Verano’s portfolio encompasses 15 U.S. states, with active operations in 13, including 12 production facilities comprising over 1,000,000 square feet of cultivation capacity. Verano designs, builds, and operates dispensaries under retail brands including Zen Leaf™ and MÜV™, delivering a superior cannabis shopping experience in both medical and adult-use markets.

 

New Stocks added to the Psychedelics Stocks List:

Enveric Biosciences (NASDAQ: ENVB) is a neuroscience-focused pharmaceutical company developing next-generation, psychedelic-inspired mental health medicines. Enveric's robust pipeline supports drug development from the clinic to commercialization aimed to help millions of patients in need around the world suffering from conditions that include cancer-related distress, PTSD and more.

PsyBio Therapeutics (OTCQB: PSYBF; TSXV: PSYB) is an integrated and intellectual property driven biotechnology company developing novel, bespoke psychoactive medicinal candidates targeting the potential treatment of mental health challenges, neurological disorders and other human health conditions. The team has extensive experience in drug discovery based on synthetic biology and metabolic engineering as well as clinical and regulatory expertise progressing drugs through human studies and regulatory protocols. Research and development is currently ongoing for naturally occurring psychoactive tryptamines originally discovered in different varieties of hallucinogenic mushrooms, other tryptamines and phenethylamines and combinations thereof. The Company utilizes a bio-medicinal chemistry approach to therapeutic development, in which psychoactive compounds can be utilized as a template upon which to develop precursors and analogs, both naturally and non-naturally occurring, specifically because they are already known to have an effect within the brain.

Filament Health Corp (OTCQB: FLHLF; NEO: FH) is a clinical-stage natural psychedelic drug development company. We believe that safe, standardized, naturally-derived psychedelic medicines can improve the lives of many, and our mission is to see them in the hands of everyone who needs them as soon as possible. Filament's platform of proprietary intellectual property enables the discovery, development, and delivery of natural psychedelic medicines. We are paving the way with the first-ever natural psychedelic drug candidates.

New Stocks added to the Real Estate Stocks List:

The Real Brokerage Inc. (Nasdaq:REAX; TSXV:REAX) is a technology-powered real estate brokerage operating in 44 U.S. states, the District of Columbia, and Ontario and Alberta, Canada. Real is building the future, together with more than 4,500 agents and their clients. Real creates financial opportunities for agents through better commission splits, best-in-class technology, revenue sharing and equity incentives.

 

Fathom Holdings Inc. (NasdaqCM:FTHM) is a national, technology-driven, real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings to brokerages and agents by leveraging its proprietary cloud-based software, intelliAgent. The Company's brands include Fathom Realty, Dagley Insurance, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title.

 

New Stocks added to the Sports Stocks List:

Vista Outdoor Inc. (NYSE:VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. We serve a broad and diverse range of consumers around the globe, including outdoor enthusiasts, golfers, cyclists, backyard grillers, campers, hunters, recreational shooters, athletes, as well as law enforcement and military professionals. Our reporting segments, Outdoor Products and Sporting Products, provide these consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. Our operating model leverages shared resources across brands to achieve levels of excellence and performance that would be out of reach for any one brand on its own. Brands include Remington Ammunition, Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fiber Energy Products, Bell Helmets, Camp Chef, Giro, QuietKat, Stone Glacier, Federal Ammunition and more. Vista Outdoor products are sold at leading retailers and distributors across North America and worldwide.

 

Xponential Fitness, Inc. (NYSE:XPOF) is the largest global franchisor of boutique fitness brands. Through its mission to make boutique fitness accessible to everyone, the Company operates a diversified platform of ten brands spanning across verticals including Pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training and yoga. In partnership with its franchisees, Xponential Fitness offers energetic, accessible, and personalized workout experiences led by highly qualified instructors in studio locations across 48 U.S. states and Canada, and through master franchise or international expansion agreements in 10 additional countries. Xponential Fitness' portfolio of brands includes Club Pilates, the largest Pilates brand in the United States; CycleBar, the largest indoor cycling brand in the United States; StretchLab, a concept offering one-on-one and group stretching services; Row House, the largest franchised indoor rowing brand in the United States; AKT, a dance-based cardio workout combining toning, interval and circuit training; YogaSix, the largest franchised yoga brand in the United States; Pure Barre, a total body workout that uses the ballet barre to perform small isometric movements, and the largest Barre brand in the United States; STRIDE, a treadmill-based cardio and strength training concept; Rumble, a boxing-inspired full-body workout; and BFT, a functional training and strength-based program.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

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#EV #Stocks in the News: Solar Integrated Roofing (OTC: $SIRC) Subsidiary Awarded 5 Year #EVCharging Contract with GSA

#EV #Stocks in the News:  Solar Integrated Roofing (OTC: $SIRC) Subsidiary Awarded 5 Year #EVCharging Contract with GSA

 

HENDERSON, NV / May 5, 2022 / Cleantech stock news from Investorideas.com Newswire - Solar Integrated Roofing Corp. (OTC: SIRC),  an integrated, single-source solar power, roofing systems installation and EV charging company, today announced that EV charging subsidiary Pacific Lighting Management ("PLEMCo") was awarded a 5 year Blanket Purchase Agreement (“BPA”) from the U.S. General Services Administration (“GSA”) as part of the $5 billion in federal funds allocated to electric vehicle charging installations in the Biden Administration’s Infrastructure Bill.

 

Read this news, featuring SIRC at https://www.investorideas.com/news/2022/renewable-energy/05051SIRC-GSA-EV-Charging-Contract.asp

One of the bipartisan Infrastructure Bill’s stated goals is to install EV Charging Stations every 50 miles along the interstate system. Although each state will establish its own priorities and allocate infrastructure funds, all spending at the Federal, State, Local, and Department level for government funded Electric Vehicle Supply Equipment (EVSE) will be bid and awarded through the GSA. Installation may be done by government entities, contracted out through a secondary bid process or by utilities. 

 

PLEMCo’s award is a five year Design and Material only contract for Level 2 and Level 3 EV chargers. A second EVSE – BPA is currently being submitted that will include Design, Equipment, and Installation of EV Chargers, which is expected to be awarded by July.

“We are privileged to be one of only 16 companies in the United States authorized to potentially supply over 500,000 EV charging stations across the country over the next decade,” said David Massey, Chief Executive Officer of Solar Integrated Roofing Corp. “These stations are set to supercharge the increasingly widespread adoption of electric vehicles by consumers and fleets through providing charging stations across the interstate system and filling in current gaps of service.

 

“We continue to see significant industry tailwinds, as California has announced they will discontinue the sale of internal combustion engine (“ICE”) vehicles by 2035, potentially requiring 1.2 million EV Charging station installations to be completed to support the transition. Washington State has also announced an intention to eliminate ICE vehicles sales even earlier, by 2030. Taken together, the EV charging market is expected to surpass the $28.4 billion mark by 2028 and continue upwards – an exciting opportunity for us to empower through charging installations.

 

“This contract further supports our strategic shift towards prioritizing our over $30 million electric vehicle (EV) charging project pipeline and over $20 million EV charging project backlog given the immense near-term opportunities. This will serve to further bolster our position as a clear national player in the space, helping to create sustainable value for our shareholders. We look forward to additional announcements regarding EV charging opportunities in the months ahead,” concluded Massey.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC: SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on Twitter, Facebook or Discord.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

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