Solar Integrated Roofing Corp (SIRC) Stock Rises After Closing Future Home Power Acquisition

What will happen to Solar Integrated Roofing Corp?

Shares of Solar Integrated Roofing Corp (SIRC) rose Wednesday after the company completed its acquisition of Future Home Power, a solar, roofing and battery storage sales company. Shares of the company traded 9.40% higher to $0.78 per share on Wednesday.

What does this mean for Solar Integrated Roofing Corp?

Future Home Power prides itself on providing customers with a smooth and simple process for solar panel and battery storage advice and installation. The acquisition is expected to add $1 million per week in expected near-term high-margin revenue.

“The rapid completion of our acquisition of Future Home Power is timely for us as they are on track to reach 60 sales reps by the end of May with further growth planned beyond that,” said David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation. Adding: “The additional workforce and lead generation capabilities allow us to quickly scale the acquisition to an estimated $1 million plus sustainable, incremental sales per week, as early as next month. For example, Future Home Power has the raised $1.4 million last week in May alone and is likely to reach $2.0 million in weekly revenue in the near term.”

Solar Integrated Roofing Corporation operates as an integrated solar and roofing installation company specializing in commercial and residential real estate.

SIRC has an overall score of 20. Find out what this means for you and get the rest of the rankings on SIRC!

Solar Integrated Roofing Corp. is an integrated solar and roofing installation company specializing in commercial and residential real estate with a focus on the acquisition of similar companies.

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