Trader logo

SinglePoint Inc. (SING) Subsidiary Direct Solar Benefits from Global Shift Towards Renewable Energy Sources

EIA forecasts renewables as fastest-growing source of energy generation in the United States

By InvestorBrandNetworkPublished 3 years ago 3 min read
Like
  • SinglePoint subsidiary expected to see continued success alongside the growth of the solar market
  • After companies exceed 2019 expectations, SING and Direct Solar management teams are optimistic about 2020

SinglePoint Inc. (OTCQB: SING), a technology investment company focusing on acquiring subsidiaries that would benefit from assistance with management, capital and technology integration, truly hitched its cart to the right horse with its investment in subsidiary Direct Solar. A residential and commercial solar broker, Direct Solar was acquired by SinglePoint in 2019. Since the acquisition, the company has exceeded revenue growth targets, helping SinglePoint achieve record-breaking financial milestones and proving the partnership to be mutually beneficial.

Renewable energy solutions have become increasingly mainstream in recent years. Recent United States Energy Information Association (EIA) forecasts predict that nonhydroelectric renewable energy resources will be the fastest-growing energy sources in the United States for at least the next couple of years (http://nnw.fm/RvXb0). As the nation’s reliance on renewable energy grows, so does the success of Direct Solar and SinglePoint.

After outstripping biomass in 2017, solar has become the third-largest renewable energy source in the U.S. power industry. Changes in environmental regulations have steered the U.S. power sector away from coal power plants, opening up more room for companies such as Direct Solar to capture a larger portion of the energy market.

As the future of energy continues to point towards renewable sources such as solar, Direct Solar is in a prime position to increase sales in the coming years. The global market for solar panels was $30.8 billion in 2016 (http://nnw.fm/0GCKq), and experts expect this market to hit $57.3 billion by 2022, anticipating a CAGR of 10.9% between 2017 and 2022.

SinglePoint seeks out undervalued companies that the company can equip with resources needed to achieve their full potential, which is exactly what it has done with Direct Solar. Direct Solar continues to report major increases in contracts every month, and the SING team expects this number to grow substantially in 2020. SinglePoint CEO Greg Lambrecht predicted the company’s increased profits in 2019 (http://nnw.fm/6IjYf), and he echoes that optimism looking forward into 2020. Lambrecht assures investors and potential investors that the stock price will soon reflect the company’s growing success.

SinglePoint provides investors with an opportunity to diversify their money across a wide range of dynamic industries, including renewable energy, cannabis and payment processing. The company is particularly interested in new technologies that can lead to quick and healthy gains. SING is led by founder and CEO Lambrecht, who employs an aggressive expansion strategy centered on key acquisitions and multiple joint ventures. The company began as a full-service mobile technology provider but is now a diversified holding company.

For more information, visit the company’s website at www.SinglePoint.com

NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://nnw.fm/SING

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)

New York, New York

www.NetworkNewsWire.com

212.418.1217 Office

[email protected]

NetworkNewsWire is part of the InvestorBrandNetwork.

investing
Like

About the Creator

InvestorBrandNetwork

The InvestorBrandNetwork (IBN) is comprised of 40+ investor focused brands and offers a comprehensive suite of corporate communications solutions that reach new audiences on an ongoing focus basis. Full disclaimers: http://bit.ly/2S7w1sC

Reader insights

Be the first to share your insights about this piece.

How does it work?

Add your insights

Comments

There are no comments for this story

Be the first to respond and start the conversation.

Sign in to comment

    Find us on social media

    Miscellaneous links

    • Explore
    • Contact
    • Privacy Policy
    • Terms of Use
    • Support

    © 2023 Creatd, Inc. All Rights Reserved.