SinglePoint Inc. (CBOE: $SING) is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and a healthier life.
SinglePoint Inc Acquires Established Renewable Energy & Air Purification Market Leaders Primed For High Growth
SinglePoint Inc has acquired established, yet nimble and focused companies that are dedicated to providing disruptive solutions within growing industries. The company’s portfolio of subsidiaries has often been focused on renewable energy, but core to that was a mission to improve our lived environments. SinglePoint has recently added subsidiaries that solve growing health and safety challenges. The company’s acquisition strategy is to seek out companies and products primed for alignment and integration.
- Boston Solar is the #1 solar panel installer in Massachusetts, serving both residential and business customers, This SinglePoint, Inc. subsidiary helps create, store and generate power for thousands of residential and commercial customers. In the last year, the company has grown Boston Solar from $17 million in revenue to nearly $25 million, and only continues to grow and improve.
- Not only did SinglePoint Inc acquire Energy Wyze to generate their own leads, but the company also sells surplus verified first-party leads to other solar companies outside of competitive markets to expand their revenue. Implementing dynamic and focused digital marketing campaigns, Energy Wyze delivers hyper-local and real-time leads that give anyone the best opportunity to win over very qualified buyers. Those increases in revenues lead to repeat customers and referrals. Energy Wyze is a proven AI-driven platform that focuses on data accuracy, reporting, nurturing and automation generates more leads for less.
- SinglePoint, Inc. acquired Box Pure Air to meet a growing need in the marketplace for scientifically-proven air purifiers. Since its acquisition, Box Pure Air has grown a large customer base of schools and took the company from no revenue to $4 million in sales over the last two years. Units have been placed with school districts throughout the U.S. Vertically integrating sales and leveraging their network of existing schools, the company expanded product solutions by also offering the LifeShield+ line of Kevlar® woven door panels and bullet-resistant window shades that provide additional protection against bacteria, mold and fire. In a six-month period, Box Pure Air received $1 million in orders for LifeShield+ products.
SinglePoint Inc Rings the Opening Bell at Cboe Global Markets Exchange
A renewable solar energy and sustainable solutions provider participated in the iconic opening bell ringing ceremony, Friday December 15th, 2023. The event marked the successful listing of SinglePoint’s common stock on the Cboe BZX Exchange, under ticker $SING.
“It was a pleasure to initiate the Cboe opening bell in celebration of our listing,” said Ralston CEO SinglePoint Inc. “This marks a new era for SinglePoint, we have made many accomplishments, and this achievement is both a reminder of that success and fuels our aspirations going forward.”
SinglePoint Inc’s CEO Wil Ralston Acquires 100,000 Shares
According to GuruFocus Research, on December 22, 2023, SinglePoint’s CEO, Wil Ralston, increased his stake in the company by purchasing 100,000 shares. The transaction took place on December 19, 2023, as indicated by the SEC Filing.
SinglePoint Inc specializes in acquiring small to mid-sized companies, with a focus on new technologies. The company aims to help these businesses grow and develop innovative products and services. SinglePoint’s portfolio includes companies in the solar energy and sustainable solutions sectors, reflecting a commitment to environmentally friendly business practices.
Insider transactions are closely monitored by investors as they can provide insights into a company’s internal health. An insider purchase can suggest that the insider believes the stock is undervalued or that there are positive developments that could drive the company’s share price higher in the future.
SinglePoint Successfully Lists on Cboe; Welcomes Tony Thomas as New Board Member in Expansion of Board Bolstering Company’s Commitment to Strategic Growth in the Solar Sector
On December 28, 2023, SinglePoint Inc (CBOE: $SING) announced the appointment of Tony Thomas to its Board of Directors.
Mr. Thomas brings a wealth of experience and expertise in strategic advisory, investment, and board governance. Mr. Thomas serves as a Managing Director and Head of the financial advisory and asset management practice of Harbor Bankshares Capital Corporation (HBCC), a wholly owned subsidiary of Harbor Bankshares Corporation.
Before joining Harbor Bankshares, Mr. Thomas was a founding Managing Director of SCI Ventures, a family office investing primarily in media, communications and technology companies and a General Partner of Syncom Venture Management, a manager of institutional venture capital funds. As a senior member of the management teams at SCI Ventures and Syncom Venture Management, Mr. Thomas was integral in managing over $500 million in investments. His responsibilities have spanned from sourcing investments to serving on the Boards of Directors of portfolio companies, providing comprehensive management services, and stepping in as an interim executive when needed.
Over the course of his career, Mr. Thomas has demonstrated exceptional skill in managing portfolio company investments and leading advisory clients across various sectors, including technology, media, and telecom as well as banking, healthcare, cybersecurity, and energy. His work and guidance has been instrumental in guiding companies through capital raising, mergers and acquisitions, deal structuring, and post-transaction strategy execution.
With over [29] years of investing and advisory experience, Mr. Thomas has developed a reputation for being a hands-on, execution-oriented partner. His approach has earned him the trust and loyalty of portfolio companies, clients, and investors alike. His tenure in these positions showcases his ability to identify and nurture investment opportunities, particularly in minority entrepreneur-led firms and those serving underserved communities.
Mr. Thomas holds a B.B.A. in Accounting from Loma Linda University and an M.B.A. in Finance and International Business from Pennsylvania State University.
“Our commitment to transparency and continued execution of our acquisition strategy aligns perfectly with Tony’s proven track record in strategic growth and value creation,” said Wil Ralston, CEO of SinglePoint Inc. “His extensive experience and unique perspective will be invaluable as we continue to navigate the evolving landscape of our industry.”
Boston Solar Named First US Partner for Energizer Solar, Pioneering Renewable Energy Solutions in the American Market
On January 2, 2024, Boston Solar, a subsidiary of SinglePoint Inc. (CBOE: SING), a leader in solar energy solutions, announced that it has joined forces with Energizer Solar to launch Energizer Solar renewable energy solutions starting with the Energizer Solar home battery solution.
Energizer Solar is a global powerhouse in energy products. Already highly successful in Australia, Germany and the UK, this partnership will now bring Energizer Solar’s renewable-based solutions to the North American market. This strategic partnership will set high standards for sustainable energy solutions in American homes, powered by an iconic American company.
“This new partnership continues to build upon Boston Solar’s credence in providing the best customer service, the best products, and the best experience available in the industry. Our team sets ourselves apart from the competition as proud partners of the Boston Red Sox and now by bringing Energizer Solar’s suite of renewable products to the US in partnership with 8 Star Energy. Energizer is a household name when it comes to batteries with global brand recognition and a welcome addition to the renewable energy market. We look forward to becoming an invaluable partner in the successful rollout in the US starting in Massachusetts and growing into additional markets.” adds Wil Ralston, CEO of SinglePoint Inc.
Boston Solar Secures Solar Assessment and Engineering Agreement from Federal Agency
On January 9, 2024, SinglePoint Inc (CBOE: SING) subsidiary, Boston Solar, a proud partner of the Boston Red Sox and a leading provider of solar energy solutions, announced a groundbreaking agreement with a federal government entity to complete more than 100 sight assessments and start initial engineering and design in anticipation of installing rooftop solar systems for those homes.
“This partnership is a win-win. It’s a testament to our dedication to fostering a greener and more sustainable future for the Bay State and to our continued goal of growing our commercial solar division efficiently and profitably,” said Michael Ricci, Director of Commercial Solar at Boston Solar. “We aim to make solar energy accessible to more households, enabling them to contribute to a cleaner environment while enjoying the benefits of renewable energy.”
The initiative is expected to have a substantial impact on the local community, not only by lowering individual carbon footprints but also by reducing energy costs for participating households. Residents will have the opportunity to harness the power of solar energy, which contributes to the overall resilience and sustainability of the community.
As the world shifts towards renewable energy solutions, Boston Solar remains at the forefront of innovation, delivering sustainable and cost-effective solar solutions for residential and commercial clients alike. This partnership exemplifies the company’s dedication to creating positive environmental impacts while supporting the transition to a clean energy future.
Additional announcements and updates will be provided as the project continues towards completion.
Forbes: A Clean Energy Industrial Revolution Reshaped The United States’ Economy in 2023
A clean energy industrial revolution reshaped the United States’ economy in 2023, supercharged by the Inflation Reduction Act and consumers embracing clean energy technology – America finally began building again, this time powering climate action. But even though Red and Purple state economies are booming thanks to billions in new clean energy investment and onshored jobs, the specter of election year fights looms large in the picture for 2024. So what will the year ahead hold for the booming U.S. clean energy economy?
Statistics: the Growth Potential of Renewable Solar Energy
Sunlight, a renewable source of energy, is the greatest source of potential energy on earth. However, only a fraction of the potential energy in sunlight that reaches the Earth is currently captured and used to generate electricity.
- Solar power has more potential for electricity production in the U.S. than any other renewable energy source.
- About 3.4% of the electricity generated in the U.S. is powered by solar energy, up from 2.8% in 2021.
- Solar accounted for 15.9% of electricity generated by renewable sources in 2022, up from 13.5% in 2021.
- On average, the price of a residential solar system has dropped, only costing $10,290–$20,580 in the U.S.
Tax Incentives
Residential Rooftop Solar will continue to benefit from the passage of the landmark U.S. Inflation Reduction Act of 2022 (IRA) which provides $369 Billion in spending for climate and energy measures!
As such, the residential solar market in the U.S. is estimated to grow by $6.67 Billion between 2021 and 2026.
SinglePoint (CBOE: $SING) Has Formed A Bullish ‘Falling Wedge’ Pattern
Considering SinglePoint’s limited trading history, it is quite difficult to assess the chart. On December 15, 2023, the company uplisted to the CBOE Index, under ticker SING, and it traded as high as $4.99 per share. The company has since experienced as much as a -79.56% drop in value, briefly touching a low of $1.02 per share on January 10, 2024. A bullish chart pattern, known as a falling wedge, has formed and it is our expectation that SING will break to the upside in the days and weeks ahead.
Final Thoughts
The demand for renewable energy efficiencies & healthy living solutions is rising alongside the growth curve of the global population. These technological advancements are becoming increasingly economical due to the falling costs of hardware, such as solar panels, wind turbines, batteries for energy storage, and more. SinglePoint and its customers are also setup to reap the benefits of the U.S. government’s tax incentive programs.
The future for renewable energy and healthy living solutions looks very bright, with a massive opportunity for growth for decades to come. SinglePoint Inc. may be the smartest way to grasp your share of the future billions generated in the green revolution.
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