The Solar Sector Continues to Generate Powerful Returns Attracting Notable Investments
November 04 2020 - 8:30AM
InvestorsHub NewsWire
The Solar Sector Continues to
Generate Powerful Returns Attracting Notable
Investments
Phoenix, AZ -- November 04, 2020
-- SinglePoint Inc. (OTC:SING)
through its subsidiary, Direct Solar of America, has established
themselves as a leading originator in the domestic US Solar
Industry. Having signed multiple agreements in the last six weeks
with industry titans, the company has positioned itself to lead a
new generation in the solar industry. Timing is impeccable as most
recently we have seen multiple solar companies rally. Sunrun merged
Vivint Solar in one of the largest transactions to date. Invesco
Solar ETF has spiked almost 300% in the last year and First Solar
has had its biggest move in almost 9
years.
Large companies are expected to
continue to invest heavily in the renewable energy sector.
SinglePoint Inc. is well positioned to capitalize on its expanding
footprint and to continue to capture market share and expand
revenue base as Solar continues to
grow.
According to The Daytona Beach
News Journal Duke Energy Florida is looking at investing $1 Billion
in solar energy. The article goes
on to report, “If the program is approved, the company
plans to invest about $1 billion in new solar power plants across
the state during the next three years, Ana Gibbs, a Duke
spokeswoman, said
Wednesday.”
In 2019 , Goldman Sachs reached a
total of $4 Billion in investable money through its subsidiary
Goldman Sachs Renewable Power. According
to PV
Magazine, Goldman Sachs can play
an important role in the transition to renewable energy by
partnering with clients to own and manage renewable energy projects
that deliver clean energy. Goldman has already been very
active in the renewable energy market having placed over $1.4
Billion in varying distributed generation solar assets in the
United States.
Multiple companies
including SolarEdge, First
Solar, Sunrun, Tesla and SinglePoint have
resumed growth in 2020 despite the effects of the
pandemic and the future of solar appears to be very bright. Whether
it’s through subsidies, the overall cost of production, general
conscious move towards renewable energy or a combination of all of
them solar will continue to grow and be a top of mind investment
opportunity for investors around the
world.
About SinglePoint,
Inc.
SinglePoint Inc. (OTC: SING) is a
fully reporting company with core holdings in Solar Energy Services
with operations in 38 States. Learn More at
www.singlepoint.com
Connect on social media
at:
https://www.facebook.com/SinglePointInc
https://twitter.com/_SinglePoint_
https://www.linkedin.com/company/singlepoint
https://www.youtube.com/user/SinglePointMobile
For more information visit:
www.SinglePoint.com
Forward-Looking
Statements
Certain statements in this news
release may contain forward-looking information within the meaning
of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934, and are subject to the safe
harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the Company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements.
Technical complications, which may
arise, could prevent the prompt implementation of any strategically
significant plan(s) outlined above. The Company undertakes no duty
to revise or update any forward-looking statements to reflect
events or circumstances after the date of this
release.
KEYWORDS: SolarEdge,
First Solar, Sunrun, Tesla,
SinglePoint
Corporate
Communication
SinglePoint
Inc.
888-OTC-SING
investors@singlepoint.com
www.singlepoint.com
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