SinglePoint
SinglePoint, Inc. is a renewable energy and sustainable lifestyle company focused on solar, EV charging, and energy storage, with operations in Boston, Charleston, and Phoenix.
Company Overview
SinglePoint, Inc. focuses on sustainability and the advancement of eco-friendly solutions. It curates a portfolio that emphasizes renewable energy through solar, EV charging, and energy storage. SinglePoint, Inc. capitalizes on market opportunities through strategic acquisitions, creating efficiencies, and reducing overhead costs to bolster revenue and profitability. The company was incorporated in 2007 and became publicly traded in 2011. Headquartered in Phoenix, AZ, it also operates in Boston, MA, and Charleston, SC.
Renewable Energy Portfolio
SinglePoint, Inc. has a strong focus on renewable energy, encompassing solar, EV charging, and energy storage systems. One of its notable subsidiaries, Boston Solar, specializes in rooftop solar installations, electric vehicle charging, and energy storage solutions. Boston Solar has achieved significant growth with FY22 revenue reaching $24.7 million, a significant increase from $17.6 million in 2021. The subsidiary also boasts over 1,000 5-star customer reviews and has completed more than 5,000 installations in the past 11 years.
Acquisition Strategy
SinglePoint, Inc. actively identifies and acquires market-leading companies with the potential for exponential growth and scalability. The company has identified 460 potential acquisition candidates, focusing on 231 optimal targets. These targets typically have over $5 million in annual revenue, a minimum of two years of operational history, and $500,000 in EBITDA. Through these acquisitions, SinglePoint aims to drive organic growth, improve efficiencies, and integrate sales operations to enhance profitability.
Sectors of Operation
SinglePoint, Inc. operates in sectors that are crucial for environmental sustainability and are receiving substantial federal funding. These sectors include residential solar, air purification, electric vehicle charging, and energy-efficient technologies. The U.S. residential solar market, which saw a 40% growth in 2022, continues to present significant opportunities. Additionally, federal tax credits and funding have bolstered the renewable energy market. SinglePoint is also exploring future growth in air purification, capitalizing on a market projected to reach $4.8 billion by 2030.
Subsidiaries and Their Impact
SinglePoint, Inc. has several impactful subsidiaries contributing to its mission. Boston Solar, a leading provider in rooftop solar installations, has been recognized as a top contractor for five consecutive years and a proud partner of the Boston Red Sox. Energy Wyze focuses on generating and selling verified first-party leads to other solar companies. BPA Solutions and Box Pure Air are dedicated to enhancing indoor health and safety, with Box Pure Air achieving $3-4 million in sales over the past two years. LifeShield+ has secured $1 million in orders within a six-month period.