SinglePoint Inc. (SING) Surging in $52.5 Billion Global Solar Market, Sees Solar Division Hitting $5 Million in Contracts by End of 2019

November 18, 2019 12:26:47
  • SING projects solar subsidiary could generate sales of $15 to $25 million in FY2020
  • Global solar industry valued at $52.5 billion in 2018, growing at a 20.5 percent CAGR to reach $223.3 billion by 2026
  • Direct Solar subsidiary signs MOU with social-media, sports-recruiting app to bring solar into U.S. educational community, open international market

SinglePoint Inc. (OTCQB: SING) subsidiary Direct Solar is surging in what was valued as a $52.5 billion global solar market in 2018 by Allied Market Research. Allied sees solar CAGR growing at 20.5 percent between 2019-2026, when it is expected to reach $233.3 billion ( SING anticipates large growth and sustainability from Direct Solar, which it projects could deliver sales up to $25 million in FY2020, according to an interview by SinglePoint CEO Greg Lambrecht.

During a MoneyTV interview with host Donald Baillargeon, Lambrecht said that a strong performance by subsidiary Direct Solar could drive company revenues in FY2020 anywhere from $15 to $25 million. The solar division, Lambrecht said, is already generating $1 million a month in contracts with an estimated 30 percent profit margin. In 2020 that monthly sales total could be…

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