In an interview with AlphaStreet, Solar Integrated CEO Dave Massey said EV is going to be a huge revenue driver for the firm going forward, with the expected ban on new gas vehicles after 2035 and the regulations surrounding the mandated solar on new homes acting as a major tailwind.
To enhance its EV capabilities, SIRC had recently acquired Pacific Lighting Management, a provider of charging stations with both commercial and government facilities as customers. SIRC aims to grow through more acquisitions in the EV and solar space over the next few years and increase its annual revenue run rate to $100 million, from the current level of $50-60 million.
Asked about the profitability targets, Massey said, “We definitely plan on being profitable this year. We are still in a growth stage, but with our revenues getting where they are, they’re going to overcome the extreme cost of being public. We are very confident that in the fiscal year 2022, we will show at least 5% profit. And then we will build on that going forward.”
Long hold, but ultimately a profitable one. Good entry currently.
To enhance its EV capabilities, SIRC had recently acquired Pacific Lighting Management, a provider of charging stations with both commercial and government facilities as customers. SIRC aims to grow through more acquisitions in the EV and solar space over the next few years and increase its annual revenue run rate to $100 million, from the current level of $50-60 million.
Asked about the profitability targets, Massey said, “We definitely plan on being profitable this year. We are still in a growth stage, but with our revenues getting where they are, they’re going to overcome the extreme cost of being public. We are very confident that in the fiscal year 2022, we will show at least 5% profit. And then we will build on that going forward.”
Long hold, but ultimately a profitable one. Good entry currently.
Trade active:
Could retest $0.45 support area, need it to close above $0.83 area.