Solar Integrated Roofing Corp (SIRC) Expects $1 Million-Plus in Incremental Weekly Sales After Signing Letter of Intent to Purchase Future Home Power
What is happening to Solar Integrated Roofing Corp?
Solar Integrated Roofing Corp (SIRC) announced today, May 18, that it has launched a binding letter of intent (LOI) to buy Future home flow. SIRC expects $ 1 million plus in weekly sales, possibly as early as next month (June) after the Future Home Power acquisition.
Shares of SIRC closed yesterday – prior to the LOI announcement – 3.26% at $ 0.445 per share.
What does this mean for SIRC?
Future Home Power is a San Diego-based solar energy company focused on residential solar panels and roofing, along with battery storage. Solar Integrated Roofing Corp believes that Future Home Power can quickly scale to more than $ 1 million per week in incremental sales, possibly as early as June. Sales should be boosted with the addition of new sales reps as and when the deal is done.
“Future Home Power is a real newcomer to solar and battery storage sales – with $ 7 million in revenue since inception and projecting an order of magnitude higher for 2021,” said David Massey, CEO of Solar Integrated Roofing Corp. Massey continued, “Coupled with our robust range of operating companies, we believe Future Home Power can act as our business development division and drive a robust project flow for our installers working for the SIRC group of companies.”
SIRC has a long-term technical ranking of 30. Find out what this means for you and get the rest of the ranking on SIRC!
Solar Integrated Roofing Corp is an integrated solar energy and roofing installation company specializing in commercial and residential real estate with a focus on the acquisitions of similar companies.