SPI Energy (SPI) Stock Surges Amid Solar Industry Volatility

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4 hours ago
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SPI Energy (SPI.us) witnessed a notable stock price increase, rising by 5.23%. The stock is currently trading at $0.600 per share with a trading volume of 136,514 shares, a turnover rate of 0.43%, and a price fluctuation of 7.72%.

According to the latest financial reports, SPI Energy reported a revenue of $55.90 million and a net loss of $1.90 million, translating to an earnings per share (EPS) of -$0.06. Additionally, the company achieved a gross profit of $7.50 million, with a price-to-earnings (P/E) ratio of -0.64. Among the rating agencies covering the stock, 100% have given a 'hold' recommendation with no 'buy' or 'sell' ratings.

In the solar industry, where SPI Energy operates, the sector experienced an overall decline of 7.98%. Notably, related stocks like Turbo Energy S A, Pineapple Energy Inc., and SPI Energy itself proved to be strong performers. Highly active stocks in the sector included Pineapple Energy Inc., Turbo Energy S A, and Maxeon Solar Technologies, Ltd., with turnover rates of 890.72%, 14.96%, and 6.39%, respectively. Stocks showing significant price fluctuations include Turbo Energy S A, Pineapple Energy Inc., and Zeo Energy Corporation, with volatility rates of 44.27%, 26.38%, and 16.66% respectively.

SPI Energy Co Ltd provides photovoltaic solutions for commercial, residential, governmental, and utility customers, as well as investors. It offers a range of engineering, procurement, and construction services for third-party project developers. The company is involved in the development, manufacturing, and marketing of various photovoltaic modules, sourcing components from independent suppliers, and collaborating with third-party EPC contractors for logistics, installation, construction, and supervision. Major revenue is generated from its operations in Australia, among other locations like the UK, USA, Greece, Japan, and Italy.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.