The stock of SPI Energy Co., Ltd. (NASDAQ:SPI) is a huge mover today! The stock increased 57.41% or $1.55 during the last trading session, reaching $4.25. About 8.03 million shares traded or 3137.69% up from the average. SPI Energy Co., Ltd. (NASDAQ:SPI) has declined 89.92% since February 11, 2018 and is downtrending. It has underperformed by 89.92% the S&P500.
The move comes after 9 months positive chart setup for the $30.86 million company. It was reported on Feb, 11 by Barchart.com. We have $4.63 PT which if reached, will make NASDAQ:SPI worth $2.78M more.
More notable recent SPI Energy Co., Ltd. (NASDAQ:SPI) news were published by: Globenewswire.com which released: “SPI Energy Co., Ltd. Announces New US office and New Website – GlobeNewswire” on October 18, 2018, also Seekingalpha.com with their article: “Wall Street Breakfast: What Moved Markets This Week – Seeking Alpha” published on January 26, 2019, Globenewswire.com published: “Nasdaq Halts SPI Energy Co., Ltd. Nasdaq:NDAQ – GlobeNewswire” on April 23, 2018. More interesting news about SPI Energy Co., Ltd. (NASDAQ:SPI) were released by: Fool.com.Au and their article: “5 things to watch on the ASX 200 on Wednesday – Motley Fool Australia” published on February 05, 2019 as well as Benzinga.com‘s news article titled: “48 Stocks Moving In Wednesday’s Mid-Day Session – Benzinga” with publication date: February 06, 2019.
SPI Energy Co., Ltd. provides engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies in China, the United States, and Greece. The company has market cap of $30.86 million. It also develops, owns, and operates solar projects that sell electricity to power companies and other electricity off-takers, including government-owned utility companies in the United States, China, Greece, and Italy under independent power producer model; and sells electricity from its build-and-transfer model projects to utility companies, independent power developers and producers, and commercial and industrial companies, as well as investors in the solar business. It currently has negative earnings. As of December 31, 2015, it owned and operated 69.2 megawatts of solar projects.
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Source: https://whatsonthorold.com/2019/02/11/spi-energy-co-ltd-spi-stock-is-rising-now/
