Jul 08, 2021 (Stock Market Press via COMTEX) -- Super-charged panel modules will make solar more powerful, ensuring a bullish outlook for the next decade , according to a new report from Bloomberg. Solar panels went from producing a maximum of 400 watts of electricity, then to 500 watts -- now some manufacturers (such as China's Risen Energy Company) are selling a 700 watt solar panel . Despite short term supply chain shortages and lack of parts availability due in large measure to pandemic-driven factory closings, more powerful panel solar modules are an important step forward for the industry. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is committed to the future of solar and other renewable energy sectors.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. /zigman2/quotes/205021014/composite RUN -0.14% , Blink Charging Co. /zigman2/quotes/205311237/composite BLNK -0.14% , Tesla, Inc. (NASDAQ: TSLA), GM /zigman2/quotes/205226835/composite GM -1.35% , SolarEdge Technologies, Inc. /zigman2/quotes/207754270/composite SEDG +1.67% , First Solar, Inc. /zigman2/quotes/209356097/composite FSLR +0.73% , SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. /zigman2/quotes/204241548/composite ROCK -1.37% , Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
Solar Panels Becoming More Powerful Delivering More Electricity From Super-Charged Panels Reaffirming Bullish Growth On Solar For The Next Decade; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Positive About Solar's Future
Industry analysts say consumer are even willing to pay a higher premium for more powerful solar panel modules "We're seeing people willing to pay a higher price for a higher wattage module that lets them produce more power and make more money off their land," said Jennny Chase, lead solar researcher at BloombergNEF . Solar Panels Becoming More Powerful Delivering More Electricity From Super-Charged Panels Reaffirming Bullish Growth On Solar For The Next Decade; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Positive About Solar's Future.
Analysts at market maker Fitch Solutions said in a research note, "More powerful and highly-efficient modules will reduce costs throughout the solar project value chain, supporting our outlook for significant sector growth over the next decade."
Engineers also see newer materials, like perovskite, as making solar panels more efficient while at the same time playing a major role in reducing greenhouse gas emissions -- meaning a 'greener' product. A new company, called Cubic PV , plans to introduce and market 'wafers' for solar cells with new technology resulting in more efficient, greener and powerful solar modules by 2023.The company plans solar commercial-scale production using new manufacturing technologies.
Larger solar wafers will also play an important role in the future of the sector. Larger size wafers -- about 210 millimeters -- are projected to grow from 19% market share today to more than half by 2030, according to Xiaojing Sun, global research leader at Wood Mackenzie Ltd . Solar Panels Becoming More Powerful Delivering More Electricity From Super-Charged Panels Reaffirming Bullish Growth On Solar For The Next Decade; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Positive About Solar's Future.
Solar remains a positive investment -- financially, socially and politically -- for residential homeowners and commercial business owners. Political positive tailwinds from the Biden Administration bode well for solar's future. SIRC agrees. Solar Panels Becoming More Powerful Delivering More Electricity From Super-Charged Panels Reaffirming Bullish Growth On Solar For The Next Decade; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Positive About Solar's Future.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Solar's Future
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is growing its footprint nationally in solar and roofing. As its portfolio of companies grows in both green energy sectors, it has expanded its commitment to solar and roofing. It recently acquired solar and battery sales company Future Home Power.
David Massey, CEO of SIRC, said he sees Future Home Power (FHP) as a valuable business development arm for SIRC, driving sales. He also believes it can scale to volume of $1+ million per week. Future Home Power recently had a single record-breaking sales day of $700,000, and some weeks its volume can approach $1.5 million, according to Jason Newby, CEO of the SIRC-acquired FHP.
San Diego-based Future Home Power specializes in the sales of residential solar panels as well as battery storage -- partnering with local installers to finalize on-site installation. Massey added, "Future Home Power is a true up and comer in the solar and battery storage business."
David Massey, CEO of SIRC, said, "Management believes that based on past historical performance and with the new additions (of sales representatives), Future Home Power can scale to a $1+ million per week sales flow, acting as a major revenue driver for other SIRC subsidiaries who can complete the on-site contracting work once the sale is complete." Those sales would be at 45%+ gross margins and would be incremental to SIRC, Massey said.
First Solar's (NASDAQ: FSLR) New Solar Plant In Ohio Is A Game-Changer
Solar is seen by Wall Street and business as having a positive future. Solar, Inc. /zigman2/quotes/209356097/composite FSLR +0.73% is building a $680 million solar plant in Ohio to serve as a prime U.S. solar panel manufacturing facility in the U.S. The good news is that First Solar plans for operations to begin in 2023 in its new solar panel factory in Ohio, but finding enough skilled workers may be a problem . FSLR is building a $680 million, 1.8 million sq. ft. solar panel facility that will be operational in 2023 and reach full capacity two years later.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/ .
Source: Stock Market Press
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