Finding the high-potential penny stocks in the solar market has become more challenging, but Solar Integrated Roofing Corp. (OTC: SIRC) is one that investors can take note of. This company is a unique roofing installer that focuses on fully integrated solar solutions. It installs residential and commercial roofing in California with solar panels as part of the package.
For new construction, integrating the roof and solar work in one contract makes sense. Repairs are also a prime opportunity to install solar panels. Solar Integrated Roofing Corp. has uniquely positioned itself to take advantage of new development and retrofits where practical roofing and high-efficiency solar can be combined.
This stock has rallied in 2021, with investors finding a lot to like about the business model. The company made $9.12 million in sales during the 20202 fiscal years, an increase of 83.34% year-over-year. It achieved a gross margin of 13.97% but still needs to work on the bottom line with an EBITDA margin of -34.94%. As solar demand increases the company has the potential to scale up, and the margins will likely improve as revenue increases.
An affordable stock and a position in a high-growth industry make Solar Integrated Roofing Corp. one of the best bargain alternative energy picks in March.
- 1 Year Price Growth: 5,042.86%
- YTD Price Growth: 18%
- 3 Month Price Growth: 1,450.77%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.