Solar Integrated Roofing Corporation (OTC:SIRC) Stock Trends Higher: Here is Why

Last Friday, Solar Integrated Roofing Corporation (OTC:SIRC) had been in significant focus among investors, and its stock clocked gains of as much as 22%. Hence, it is likely that the stock is going to come into focus this morning. While there was no news about the company on Friday, the company did come into focus earlier in the week.

The company, which is known for being an integrated, single-source electric vehicle charging system, solar power, and roofing provider, was in the news cycle on December 8. At the time, it emerged that Brad Reinhart, the company’s Chief Executive Officer, had answered questions posed by the SIRC Long Investor Discord Group.

It could be a good idea to take a look at the revelations, which were mainly about Solar Integrated Roofing Corporation’s projects. Reinhart had revealed that no major projects for the company were on hold owing solely to funding issues. Instead, he noted that such projects were complex in their very nature, and hence there was a necessity to get over a range of obstacles before the projects could progress smoothly.

He noted that the company continued to work on the large-scale projects that it already had in place. However, the company also moved its focus again to those projects that could generate returns with greater immediacy.

Reinhart then stated that Dave Massey’s initial contract and his association with the Callaway project were in no way relevant to the long-term success of the same. He had also been asked about the Lordsburg project and its viability. Reinhart noted that it was a viable project, and Solar Integrated Roofing Corporation was also on the verge of making investments in its development and design. He went on to note that it was also going to be a long-term project.