Solar Integrated Roofing Corp (OTCMKTS:SIRC) Stock Rockets 65% in a Month: Here is Why

Integrated, single-source solar power and roofing systems installation platform company, Solar Integrated Roofing Corp (OTCMKTS:SIRC), on September 22, 2021, announced forming a strategic partnership with SVG University as well as Storm Ventures Group for educating contractors within the SVG network on the advantages of solar installations.

A key contractor consulting firm, Storm Ventures Group has over 25 years of experience throughout the U.S, Canada, Europe as well as Australia managing storm events. The company facilitates joint ventures building sales teams, property inspectors as well as project managers for helping communities rebuild after catastrophic events.

Under the direction of CEO Anthony Delmedico, the company has created a new Solar wing. On the other hand, USA Solar Networks is led by CEO Pablo Diaz and has ensured a full-service National Dealer and Contractor Program supplying services to 95+ dealers across the country. The contractors utilized for installing services are approved by USA Solar Networks and mandated for providing the best customer experience to clients in the programs.

Diaz said that the boom in solar installations and the opportunity from the partnership are limitless. Furthermore, Diaz said that this can ensure incremental 100 projects per month and generate millions in sustainable revenues. The company believes that it will allow USA Solar Networks in engaging with new dealers and ensure continuation as the premier national solar dealer and contractor program in the country.

Market Reaction:

On Wednesday, SIRC stock surged 11.50% at $0.5950 with more than 2.12 million shares, compared to its average volume of 2.17 million shares. The stock has moved within a range of $0.5215 – 0.6000 after opening the trade at $0.5215.