Who is SPI Energy Co?
SPI Energy Co Ltd offers photovoltaic solutions for business, residential, government, and utility customers and investors. The company provides a range of engineering, procurement, and construction services to third-party project developers. It is also engaged in the development, manufacture, and marketing of various PV modules. It procures PV modules and other equipment for project construction from independent suppliers and contracts work to third-party EPC contractors in areas, such as logistics, installation, construction, and supervision.
Who alerted it 1st?
Massive 3100% SPI Energy Co. Alert
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Why Is SPI Stock Surging Wednesday?
There are a few important things for investors to know as SPI Energy drives higher Wednesday. The first is that, undeniably, the market for electric vehicles and charging equipment is huge. According to the company, EV sales came in at 2.1 million in 2019.
Adding on to that, last year saw the charging market expand to include 7.3 million chargers. We have also seen how hot charging companies are, given the interest in a potential IPO from ChargePoint.
Importantly, SPI Energy seems to recognize its place in this red-hot market. There is a seemingly endless list of companies trying to design and develop electric vehicles, and charging solutions are also taking off. In that market, SPI Energy is a brand-new entrant, but it is selling itself as a value play.
Unlike other electric car stocks that carry high valuations and lofty price points, you can get into SPI stock for under $10. As with any small-cap equity, there is a fair amount of risk, but you can take some confidence Wednesday in knowing that electric vehicles continue to race ahead.
SPI Energy shares are trading higher after the company launched a new electric vehicle subsidiary.
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