Jun 04, 2021 (Stock Market Press via COMTEX) -- Troy Clymer, the new COO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), tells Money TV hosted by Donald Baillargeon that SIRC has major opportunity milestones ahead in the next 6-12 months -- including a completed audit and an up listing to the OTCQB exchange -- as it "melds" solar, roofing, storage batteries and the EV markets as its expanding executive team 'gels'. The goal: a single national entity to offer a single source provider for solar, roofing rechargeable batteries and EV Charging Stations. Clymer told Money TV hosted by Donald Baillargeon that "to meld solar, roofing and EV together into one national entity -- it's really the first of its kind in the United States." See the entire interview at Money TV.
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 -1.46% , Blink Charging Co. /zigman2/quotes/205311237/composite BLNK +0.65% , Tesla, Inc. (NASDAQ: TSLA), GM /zigman2/quotes/205226835/composite GM -8.79% , SolarEdge Technologies, Inc. /zigman2/quotes/207754270/composite SEDG -2.36% , First Solar, Inc. /zigman2/quotes/209356097/composite FSLR -0.14% , SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. /zigman2/quotes/204241548/composite ROCK -1.93% , Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
Troy Clymer, New COO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Money TV SIRC Has Major Milestone Opportunities Ahead As It 'Melds' Solar, Roofing, Storage Batteries And EV And Markets
Clymer, prior to recently being named COO at SIRC, was founder and CEO of Balance, LLC -- a BPO firm that manages efficiently the back room process of administration, billing, estimating, supplementing file office management and other tasks. Troy Clymer, New COO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Money TV SIRC Has Major Milestone Opportunities Ahead As It 'Melds' Solar, Roofing, Storage Batteries And EV Markets.
Founded in 2015, Balance has relationships with more than 900 contractors nationwide and provides back office project file management for more than 30,000 jobs, the company said. Clymer said, "Balance really brings together the back office solution to integrate all of our brands. As we continue to grow through acquisitions and we prepare ourselves for an audit for up listing, -- we are combining all of our subsidiaries into one consolidated organization and growing solar around our roofing organization."
Solar Integrated Roofing Corp. (OTC PINK: SIRC) recently closed on its acquisition of Balance LLC, which provides back room critical services such as estimating, billing and other administration functions. Balance LLC will offer parent SIRC and its subsidiaries efficiency in scaling and important synergies for existing and new acquisitions. It will leverage its newly unified back room capabilities to SIRC as a Business Process Outsourcing (BPO) firm to unify back office functions to maximize synergies among SIRC's growing subsidiary portfolios.
In the new interview broadcast on Money TV hosted by Donald Baillargeon Clymer said of Solar Integrated Roofing Corp. (OTC PINK: SIRC), "We're very well poised to take to lead in this space." He explained, "We've got a couple of exciting organizations in the acquisition pipeline right now -- it's just a joy to work alongside Dave Massey (CEO of SIRC).
He added that the timing is perfect for SIRC as the pro clean energy California grows. "California leads in residential and non-residential battery storage market growth and deployments are expected to surpass 4.5 gigawatts by 2024, and that's just the California market." He explained that as California's clean energy initiatives in California "stretch out across the nation," SIRC is well positioned to lead.
Clymer said he was excited about SIRC's future: "We've got some really exciting growth milestones that we're hitting through the acquisitions. We've just announced $100 million revenue guidance over the next 12 months through May 31, 2022. So we've got these clear growth drivers in the complementary solar and roofing businesses that provide significant cross-selling opportunities with battery backup and EV Charging." Troy Clymer, New COO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Money TV SIRC Has Major Milestone Opportunities Ahead As It 'Melds' Solar, Roofing, Storage Batteries And EV Markets.
He said in the interview on Money TV hosted by Donald Baillargeon we're entering a post-COVID era. He said, "COVID was really a double-edged sword. On one hand, you had a shakeup in the workplace. On the other hand, you had consumers home more often and focused more on home improvement. We saw an increase in spending and efficiency of the sales pipeline. We had more accessibility to consumers, especially on the retail side of our business." He said as the nation emerges from COVID, SIRC is seeing 'sustainable demand drivers' among very budget-conscious consumers. Solar, he said, offers homeowners real financial savings in generating electricity.
Timing for acquisitions is also right, Clymer said. "We've got a robust acquisition pipeline. It's our opportunity to continue to acquire locally owned solar and roofing companies at good EBITDA multiples and that enables an exciting rollup opportunity in this growing market." Troy Clymer, New COO of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Money TV SIRC Has Major Milestone Opportunities Ahead As It 'Melds' Solar, Roofing, Storage Batteries And EV Markets.
To manage all of these existing -- and new -- subsidiaries, Balance LLC is seen as playing an important back room unifying role, said David Massey, CEO of SIRC. He also said that SIRC would continue its robust acquisition strategy for growth.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/ .
Source: Stock Market Press
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