Goldman Small Cap Research Issues New Research Report on Solar Integrated Roofing Corp.

BALTIMORE, MD / ACCESSWIRE / December 1, 2020 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has published a new research report on Solar Integrated Roofing Corp. (OTCPK - SIRC). The Company is an emerging single-source solar power and roofing systems installation company. This report carries a price target. To view the new research report, along with disclosures and disclaimers, or to download it in its entirety, please visit https://bit.ly/2VjlZ8a.

Following a series of acquisitions in its core Southern California market, SIRC is currently on a $25 million annual revenue run rate and the industry is enjoying strong growth across the board. According to a recent report by Wood Mackenzie and the Solar Energy Industries Association (SEIA), the residential solar installation market is expected to record installations totaling nearly 100 GW from 2021-2025, a 42% increase in the amount of solar installed over the last five years.

In the Opportunity Research report, analyst Rob Goldman discusses how SIRC is taking advantages of policies/mandates, M&A opportunities, and industry trends to emerge as a key player with a footprint in one of the segment's most important markets.

Goldman commented, "We believe that SIRC is poised to emerge as one of the solar industry's largest solar power and roofing installation firms. Already owing an enviable footprint in the lucrative SoCal market, SIRC enjoys significant tailwinds heading into the new year. After executing the first stage of its roll-up strategy by buying a handful of solar/roofing installation firms, SIRC is on a $25M annual revenue run-rate. Investors should expect additional M&A deals in SoCal in the coming quarters, and potentially in other regions/markets."

"SIRC benefits greatly from current and prospective mandates and policies. The State of California enacted a residential solar mandate in January 2020, and the incoming Biden Administration is expected be very favorable to the solar energy industry. Operating on a February fiscal year, we project $19.8M in sales for the current year, more than double last year's figures. We forecast $38.5M in revenue next year, and $90M the year after, with substantial profit in both years, aided by operating efficiencies from M&A closings," continued Goldman.

"Even at our target price, which is substantially higher than current prices, SIRC would trade at a significant discount to its peer group. We believe this spread will narrow as further M&A is executed. As a result, SIRC may offer the greatest upside of any company in the solar space. The stock trades at a big discount to its peers, and although it trades above its 50 and 200 DMAs, this underfollowed player hasn't yet enjoyed the big moves of its peers," noted Goldman.

About Goldman Small Cap Research: Founded in 2009by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.

Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.

This press release contains excerpts of our most recently published company report on Solar Integrated Roofing Corp. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from Solar Integrated Roofing Corp. ("the Company"). The information includes authorized press releases or legal disclosures made in their filings with the U.S. Securities and Exchange Commission http://www.sec.gov.

Separate from the factual content of our report about the Company, we may from time to time include our own opinions about the Company, its business, markets, and opportunities. Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.

A Goldman Small Cap Research report, update, newsletter, article, trading alert, corporate profile, sector or industry snapshot, podcast interview, or press release is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed and is to be used for informational purposes only. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other regulatory agency. A Speculative Buy rating for our covered companies is defined as a company that we believe exhibits the potential to generate outsized returns despite inherent, above-average business, market, or financial risk. To download this research report or any of our research, view our disclosures and disclaimers, or for more information, visit www.goldmanresearch.com. Goldman Small Cap Research was compensated $4000 by a third party for the production and distribution of the research report and associated press release and distribution.

Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
rob@goldmanresearch.com

SOURCE: Goldman Small Cap Research