The energy sector has attracted significant interest from investors in recent years due to the increasing demand for energy and the growth of renewable energy sources. The shift towards clean energy sources such as solar, wind, and hydropower has created investment opportunities in the development and production of these technologies. Especially now, with the soaring energy prices that have been going on for a while.

Additionally, the electrification of transportation and the increasing use of electric vehicles has further boosted investment in the energy sector. As governments around the world set ambitious targets for reducing greenhouse gas emissions, the demand for low-carbon energy solutions is expected to continue to grow, making the energy sector an attractive space for investment. However, investments in the energy sector can also be subject to regulatory and political risks, so it’s important for investors to carefully consider these factors before making a decision.

What happened

On February 2^nd the Solar Integrated Roofing Corp (OTCPK: SIRC) stock emerged as one of the major movers for the first time. It ended the day with a gain of 27% due to heavy interest raising for its shares. Today February 7, it is a major pre-market mover with a 20% gain so far. The total gain of the shares is 100% in the last one week.

On February 1, the company announced that it had managed to get a drawdown term note to the tune of $25 million from an institutional investor. This will carry an interest rate of 6% with a 5% discount. This brings the common stock at $4 per share and each drawdown has a maturity date of six months.

David Massey, Chairman and Chief Executive Officer of Solar Integrated Roofing Corp., said: “This $25 million term note, in conjunction with our cost control efforts to reduce redundant expenses, will prove instrumental to our near-term focus to optimize operating cash flows and profitability. I firmly believe that the achievement of sustainable, positive cash flows from operations is a critical step to enhancing shareholder value, something that needs to happen in advance of any potential future uplisting. Taken as a whole, I believe we will be well positioned to create sustainable, long-term value for my fellow shareholders in the long-term.”

About Solar Integrated Roofing

Solar Integrated Roofing Corporation is a company that specializes in the design, installation, and maintenance of solar roofing systems for residential and commercial customers. The company aims to provide its customers with a comprehensive solution for their energy needs by integrating solar panels into the roofing structure. This approach not only generates clean energy but also enhances the aesthetic and durability of the roof. Solar Integrated Roofing Corporation is committed to using high-quality materials and experienced professionals to deliver safe, reliable, and efficient solar roofing systems. With the growing demand for renewable energy, the company has positioned itself as a leader in the industry and has attracted increasing interest from investors.

It was founded in 2007 and is based in Henderson, Nevada, United States¹.

SIRC Financial Summary

The latest release of its earnings report for Q3 and the first nine months of 2022: The company saw a significant increase in sales, with Q3 sales reaching USD 57.27 million compared to USD 13.22 million the previous year. The company also reported net income of USD 6.57 million, a significant improvement from the net loss of USD 1.66 million in the same quarter of the previous year. Both basic and diluted earnings per share from continuing operations were USD 0.01. Over the first nine months, sales were reported at USD 150.54 million, a significant increase from the previous year’s sales of USD 24.67 million. The company also saw a positive change in net income, reporting USD 31.15 million compared to a net loss of USD 7.3 million in the same period the previous year. Basic and diluted earnings per share from continuing operations were USD 0.06, an improvement from the basic and diluted loss per share from continuing operations of USD 0.02 in the previous year².