Stardust Solar Applies for Master Franchisor Permits in 42 States, Targets U.S. Expansion [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
leading provider of residential solar energy solutions, is pleased to announce that the Company has applied for Master Franchisor Permits ( "Permits ") in 42 U.S. states, setting the stage for growth across North America. The Company plans to add approximately 15 to 25 new franchise locations across its network annually, with the goal of an approximate 80/20 growth split between the United States and Canada. Management expects Stardust Solar to surpass 100 franchise regions through organic growth and strategic acquisitions by the end of 2025. Once granted, the permits will enable the Company to establish new franchise regions across the United States. This will allow regional leaders to develop local markets, establish new operations, and accelerate expansion efforts. Stardust Solar expects to obtain Permits for the initial 42 U.S. states during the first quarter of 2025 and anticipates obtaining Permits in the remaining eight states during the first half of 2025. "Securing these
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