- 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 (http://nnw.fm/Y208q). 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…
NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://nnw.fm/SING
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