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$SING SinglePoint Sees Record Growth Despite Market Headwinds
https://www.newsfilecorp.com/release/247733
Boston, Massachusetts--(Newsfile Corp. - April 8, 2025) - SinglePoint, Inc. (OTC Pink: SING) subsidiary Boston Solar, a premium provider in the solar energy market, announced today exceptional Q1 2025 performance with $9.1 million in new contracts, defying broader market challenges and positioning the company for strategic expansion.
The company achieved $5.2 million in residential contracts and $3.9 million in commercial agreements during the first quarter, marking its strongest residential performance since 2022. This growth trajectory has continued into April, according to company executives.
"Our premium positioning and strategic supply chain decisions are proving to be significant advantages in today's market," said Wil Ralston, CEO at SinglePoint. "While other industry players are facing margin compression, our focus on high-quality, U.S.-manufactured components has created a defensible competitive moat."
Policy Shifts Creating Competitive Advantage
The Company attributes part of its success to changing trade policies. Solar tariffs on Chinese imports, first implemented in 2019 and recently reinforced, have created favorable conditions for SinglePoint's business model. As a provider of U.S. assembled components from premier distribution partners, the Company is largely insulated from these import challenges.
Even with projected price increases from distributors, SinglePoint maintains strong margins. The company's business model of focusing on higher-end, mostly U.S.-assembled products has created a significant defensive moat against competitors who rely on cheaper imported components and are now facing margin compression.
Energy Infrastructure Thesis Validated
SinglePoint's core business thesis continues to gain validation as energy demand outpaces available infrastructure. With 70-80% of consumer energy costs tied to transmission infrastructure, the Company's solar solutions offer compelling economics by eliminating miles of infrastructure costs.
"We're essentially replacing miles of transmission infrastructure with just a few feet of electrical connections," Ralston explained. "This fundamental efficiency becomes increasingly valuable as grid constraints intensify nationwide. Consumers are looking to secure their energy pricing and access to energy as grid continue to be constrained."
Strategic Consolidation Opportunity
Looking ahead, SinglePoint sees the current market environment as an opportunity for strategic growth through acquisitions. As competitors with thinner margins face increasing pressure from tariffs and changing market dynamics, the Company is positioning itself to acquire premium market leaders across key regions.
"We believe this is an unprecedented moment to accelerate our strategic growth plans," Ralston added. "Our strong performance against market headwinds has created a foundation for expansion that we're actively pursuing."
$SING Boston Solar Builds Upon $8.3M YTD Sales, Achieves Record Growth in Solar+ Sales, Nearly Doubling Compared to Q1 '24
https://www.newsfilecorp.com/release/245006
Strong demand building upon the already announced $8.3M in residential and commercial sales driving significant sales surge in early 2025
Nearly Doubled Sales as compared to Q1 2024
Boston, Massachusetts--(Newsfile Corp. - March 18, 2025) - SinglePoint Inc. (OTC Pink: SING) subsidiary, Boston Solar, a leading provider of innovative and sustainable energy solutions for the residential solar and small commercial solar sector, today announced a record-breaking surge in its Solar+ sales. Contracted sales in the first two months of 2025 are nearly double the total for the same period in 2024 building upon the previously announced $8.3M in residential solar and commercial solar sales. This remarkable growth underscores the strong market demand for residential and commercial solar and energy storage.
Since the beginning of 2025, Boston Solar's sales have experienced exceptional growth, fueled by high energy prices in Massachusetts, long-standing commercial development partners, and a robust residential market.
"We've achieved this growth with reduced overhead and a 150% increase in revenue per employee compared to Q1 of 2024. Our commitment to quality and customer service remains unmatched, with thirty percent of our business coming from customer referrals," Mike Morlino, President Boston Solar, added.
Solar Industry Growth Driving Market Demand
The solar industry continues to experience significant growth, driven by both technological advancements and increasing consumer demand for sustainable energy solutions. Solar power adoption has accelerated as more homeowners and businesses recognize the long-term savings and environmental benefits of switching to clean energy. This market shift is propelled by decreasing installation costs, improved efficiency of solar panels, and federal and state incentives that make solar more accessible to a wider audience.
Boston Solar has been at the forefront of this shift in Massachusetts, offering residential and commercial solar solutions that cater to the needs of customers looking for reliable, cost-effective, and environmentally friendly energy alternatives. The company's leadership in the solar space reflects the growing recognition of solar energy as a key solution to meet the state's energy goals and combat climate change.
Rising Energy Costs Driving Consumer Interest in Solar Solutions
The rising cost of energy in Massachusetts has been a key factor driving increased interest in solar solutions. With energy prices hitting record highs, both residential and commercial customers are seeking alternative ways to manage their energy costs. Solar energy offers a viable solution, enabling consumers to generate their own electricity and reduce reliance on expensive, grid-supplied power.
In response to these soaring costs, many homeowners and businesses are turning to solar as an investment that not only helps lower their energy bills but also provides long-term financial benefits. As energy prices continue to climb, the demand for reliable, renewable energy sources like solar power is expected to grow even further.
"Both residential and commercial customers are showing strong market demand," said Mike Morlino, President Boston Solar. "With over ten years of success, Boston Solar has become the leading provider in Massachusetts, successfully closing one out of every three residential customers we present solutions to."
$SING Boston Solar President on podcast. Recently also $4 million i contracts netted for Q1
https://www.newsfilecorp.com/release/239849
Double bottom hopefully this is up next few days and weeks.
Beast !
$SING Boston Solar Co.made it to the top 5 solar energy companies in Massachusetts.
$SING shorts selling is winding down.
$SING institutional shareholders:
Good time to buy.
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SinglePoint Inc.
SinglePoint Inc. (OTC: SING) is a fully reporting company with core holdings in Solar Energy Services.
Learn more at www.singlepoint.com
Connect on social media at:
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
https://www.youtube.com/user/SinglePointMobile
For more information visit: www.SinglePoint.com
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