Got this in my email. This is for Monday 2/6/2017.
GLTA
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New Alert for Mon. 2/6/17
Solar Integrated Roofing Corporation (SIRC)
We're heading into a new week and a big one at that. Our alert last week saw a volatile few days of trading where there could have been gain potential of anywhere from 17% on Wednesday (2/1), to as high as 30% on Thursday (2/2) if you were able to take advantage of the intra-day trading channel around $0.06 on the first day of our alert.
This week we're looking to start things off with a solar company that's has come off of a stellar year in 2016. In fact just a glimpse at the last quarterly filing shows that this company is averaging OVER $2MILLION per quarter and we still need to see what both Q4 and the annual report show!
Solar Integrated Roofing Corp (SIRC) is taking the solar industry head on and is making it a point to create a roll-up strategy of its own in 2017...and as far as U.S. solar is concerned, the rate of solar installation doesn't seem to be slowing down one bit.
Solar Is RED HOT In The US; Set To Get Even HOTTER!
In the last decade, solar has experienced a compound annual growth rate of more than 60%. According to GTM Research and the Solar Energy Industries Association's (SEIA) Q4 2016 U.S. Solar Market Insight report, 4,143 megawatts (MW) of solar PV were installed in the U.S. in the third quarter of the year, a rate of one MW every 32 minutes. That's enough to power 6.5 million American homes. With more than 1 million residential solar installations nationwide and record-breaking growth in the utility-scale sector, the industry is poised to nearly double year-over-year.
But what's more is that pace is even faster today, as reports already show the fourth quarter will surpass the past quarter’s historic total. What better time could there possibly be to be looking into the solar industry?
With solar prices dropping, expansion is increasing at a fever pitch right now. Report show the cost to install solar has dropped by more than 60% over the last 10 years, leading the industry to expand into new markets and deploy thousands of systems nationwide...and utility scale installation could be set to explode:
Solar technology has been around for decades. As it continues to improve, Installation has become safer and faster to install. Taking approximately 72 hours to install a fully integrated solar system and roof. Nearly 50,000 homeowners in California alone have already installed solar systems on their properties. In addition, large companies also utilize solar panels to supply electricity to their business.
Solar Integrated Roofing Corporation (SIRC) is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally.
In fact, their latest announcement has SIRC targeting the industry for major M&A in California. CEO David Massey is focused on 2017 as a major growth year with new media, commercials with ad campaigns that are in place to expand sales for the new locations. Management believes there is no better time to expand the company's footprint with the seasoned Southern California based Solar and Roofing Companies that would like to be acquired...they're already in the process of doing this as we speak!
Just a few weeks ago SIRC announced that it had signed a Letter-of-Intent to acquire a unique specialty subcontracting firm, headquartered in Agoura Hills, California...but it's not just where the company is but who this acquisition target is doing business with.
The company has developed a reputation for quality work in Los Angeles' most exclusive neighborhoods on the west side, such as Beverly Hills, Bel Air, Hollywood Hills, Pacific Palisades, Malibu and Santa Monica. Specializing in the exterior work on new custom homes and estates, the firm has performed work for many "A-List" luminaries and celebrities, such as Magic Johnson, Cher, Ben Stiller, Dwight Yoakum and Kelsey Grammer. This track record has helped them achieve 2016 revenues of just under $2 million.
"We're excited to move forward with this acquisition and propel our continued growth curve with this expansion into the affluent Los Angeles basin. We firmly believe we can double their revenues in 2017 to $4 million, by adding our solar expertise and marketing, as well as increasing the company's custom homebuilder client base." - SIRC CEO Dave Massey.
Why Could SIRC Be Such A Near Term Target? SIRC has been aggressively targeting growth in 2017 as we said but also consider that this company hasn't been any stranger to much higher levels...and we aren't talking about "that one day it was trading at 52-week highs," but we're talking about how SIRC has been able to consistently trade OVER $1.00 and as high as $1.40 for months during 2016. Now we're seeing SIRC hovering under $0.80 during a consolidation phase on its chart...will this be the signal for its next BIG BULLISH REVERSAL?
Solar: Outpaces Major Industries Of Scale
We asked about the timing of this and it could be much more than just a technical chart pattern. Solar, already far outpacing fossil fuels and nuclear energy, jumped from 300,192 US jobs in 2015 to 373,807 in 2016. The industry anticipates further such growth in 2017.
According to the International Renewable Energy Agency's 2016 Annual Review of Renewable Energy and Jobs, employment in the US solar industry "grew 12 times as fast as overall job creation in the US economy, and surpassed those in oil and gas extraction (187,200) or coal mining (67,929)."
Solar power is a ‘gamechanger’ consistently underestimated by big energy, says Imperial College and Carbon Tracker report. On top of this, the report finds panels could supply 23% of global power generation by 2040 and 29% by 2050, entirely phasing coal out and leaving natural gas with just a 1% share.
Luke Sussams, a senior researcher at Carbon Tracker, said, “Further innovation could make our scenarios look conservative in five years’ time, in which case the demand misread by companies will have been amplified even more.”
Solar industry aside, if you had a chance to see the writing on the wall clearly stating that an industry is on the verge of HUGE EXPANSION & GROWTH...wouldn't you start taking notice?
Monday morning (2-6) we're focused on a company that is not only in the space, not only targeting other companies to acquire...but SIRC is also posting multi-million dollar quarterly revenue and hundreds of thousands of dollars in net income. This isn't projected to happen but it's happening right now and were getting to see this solar company, SIRC, just as the industry is on the brink of major expansion!
Pull up SIRC immediately, start your DD before the big game, and if you choose, be ready to trade at the 9:30AM EST Opening bell! Stay Tuned.
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