Point Roberts, WA and Delta, BC - February 3, 2021 (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks (Renewableenergystocks.com) issue a sector snapshot on solar stocks featuring SinglePoint, Inc. (OTCQB:SING), a company focused on providing renewable energy solutions.
As a new era for renewable energy unfolds under a Biden administration, companies in the sector will add to the momentum that has been building for months.
According to Trading Platforms Justinas Baltrusaitis, "Solar energy stocks have recorded significant growth in the last few months, boosted by factors like regulatory changes. These stocks' growth is reflected in the Return on Investments for the selected leading solar energy companies."
"Data presented by Trading Platforms indicates that four leading solar energy stocks have recorded an average ROI of 135.2% over the last six months between July 27, 2020 and January 27, 2021. JinkoSolar Holding (NYSE: JKS) has the highest ROI at 264.12%.
Canadian Solar (NASDAQ: CSIQ) registered the second-highest returns of 138.21%, followed by First Solar (NASDAQ: FSLR) which has an ROI of 72.55%. SolarEdge Technologies (NASDAQ: SEDG) has recorded an ROI of 65.95%."
SinglePoint, Inc. (OTCQB: SING) has experienced some of its biggest gains in 2021 and some of the largest trading volumes in the stock's history as investor interest in solar stocks surged.
Following its strategic path of building a renewable energy solutions portfolio, it announced yesterday it has completed the acquisition of EnergyWyze, LLC which was initially announced on January 12, 2021. With the transaction complete, SinglePoint bolsters its digital and direct marketing assets and business relationships that will streamline, optimize and maximize its customer-centric lead generation, including an extensive database of validated leads, to form a preeminent solar lead generation engine.
"We are extremely excited to add the assets and expertise of EnergyWyze to the SinglePoint team and business. Closing this transaction further expands our lead generation capabilities, maximizes our overall online presence, and enhances the value of all our solar subsidiaries. We look forward to leveraging this next-generation lead generation platform and network that will ultimately drive significant growth and propel SinglePoint to the next level in the near term," commented Wil Ralston, President of SinglePoint.
From the news: EnergyWyze transforms the solar installation experience for both homeowners and contractors. The Company is led by a group of experts with deep history in acquiring and developing solar leads for some of the nation's largest solar companies including Vivint Solar, SunEdison, Crius Solar, Radix and more.
From the news: It is estimated that less than 4% of the residential solar addressable market in the domestic U.S. market currently has a solar system installed. Customer acquisition can account for a significant percentage of the spend in solar contractors' cost of doing business. With this newly formed premier lead generation engine, SinglePoint aims to reduce those costs and increase the conversion rate of new customers through creating a premium customer experience the solar industry is lacking at this point in time.
From the news: With its initial focus in solar energy, the Company is building a foundation for future expansion opportunities including energy storage, charge points for electric vehicles and solar as a subscription.
From the news: "2021 is poised to be a transformational year for SinglePoint. Our team continues to build momentum and execute on the strategic objectives set out in front of us, including but not limited to, uplisting to a national exchange, establishing a leadership position in the renewable energy sector, and driving shareholder value and long-term growth. As we continue to move forward, we are fully committed to raising awareness of SinglePoint in the investment community and executing a fundamental, strategic investor relations program. We are grateful for the continued support of our shareholders and remain excited about the future of SinglePoint," commented Wil Ralston, President of SinglePoint.
According to an Infographic Kryptoszene.de, "The relative search volume on Google for the search term pair "solar shares" rose by 1,328% in the first week of January compared to the same period last year. A look at relevant listed companies' share price performance reveals that investors are not content to merely gather information. For example, the price of Enphase Energy (NASDAQ: ENPH) shares rose by 478% in a 12-month review, while the DAX gained only 2.2%. "
In late January Enphase Energy (NASDAQ: ENPH) announced the closing of its acquisition of Sofdesk Inc., headquartered in Montreal, Canada. Sofdesk's Solargraf™ integrated software platform offers the industry's leading digital tools and services designed to simplify and accelerate the end-to-end sales process across the residential solar industry.
From the news: The Solargraf platform provides solar installers with critical pre-sales engagement design, quoting and work-flow management from any PC, tablet or mobile device. In addition, Sofdesk also offers Roofgraf™, a software product that enables roofing contractors to generate homeowner proposals using advanced machine learning technology.
"This acquisition supercharges Enphase's digital transformation efforts," said Jayant Somani, Vice President of digital transformation at Enphase Energy. "With these tools, residential installers can drive the industry towards better customer journeys, create happier customers, and help accelerate the transition to clean energy."
Going into 2021 investor interest in solar stocks spiked and now as Biden and other world leaders lay out plans for the future, only time will tell how investors will react long term.
For investors following renewable energy and solar stocks, visit the directory of publicly traded stocks https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
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