Solar Integrated Roofing Corporation (SIRC) Jumps 41%; Completes Enerev Acquisition
Solar Integrated Roofing Corporation (SIRC), a single-source solutions provider of solar power, roofing and EV charging systems, jumped up 41% for the day. The rise in value comes on the heels of announcing the completion of their Enerev acquisition.
In addition to the completion, which includes the acquisition and retirement of outstanding Class C Preferred Stock associated with the Enerev acquisition, SIRC announced that Trent Crane was promoted to Regional VP of Sales.
“This transaction not only helps to simplify and clean up our capital structure ahead of a planned 2023 Nasdaq listing of our common stock, it will allow us to unlock the full profit potential of our 2021 acquisition of Enerev,” said George B. Holmes, Chairman and Chief Executive Officer of Solar Integrated Roofing Corp. “As we seek to more fully realize operational synergies across our family of companies, Trent’s leadership of our California presence will prove to be an invaluable asset as we expand our operations and optimize profitability.”
The PRISM Solar Index also had a great day, rising 7.8% for the day, led by SIRC’s gains.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC: SIRC) is an integrated, single-source solutions provider of solar power, roofing and EV charging systems, specializing in commercial and residential properties throughout North America. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. For more information, please visit the Company’s website at www.solarintegratedroofing.com or join us on Twitter or LinkedIn.
