SPI Energy Co. Ltd. (SPI, Financial) experienced a significant stock price decline, dropping 5.51%. The current trading price is $0.552 per share with a volume of 79,243 shares and a turnover rate of 0.25%. The price fluctuation was recorded at 5.13%.
Financial reports revealed SPI's revenue at $55.90 million, with a net loss of $1.90 million, translating to an earnings per share of -$0.06. The gross profit stood at $7.50 million, and the price-to-earnings ratio was -0.62. Institutional ratings indicate that the sole participating brokerage firm recommended holding the stock, with no buy or sell suggestions.
In the larger solar energy sector, there was an overall decline of 0.74%. Notable stocks in the sector showed varied performances, where Pineapple Energy Inc., Zeo Energy Corp, and Complete Solaria, Inc. saw significant gains. Pineapple Energy Inc., Ascent Solar Technologies, Inc., and Solaredge Technologies, Inc. had high trading activity with turnover rates of 998.80%, 7.80%, and 6.01%, respectively. Stocks with substantial price swings included Pineapple Energy Inc. and Vast Renewables Limited.
SPI Energy provides photovoltaic solutions to a range of clients, including commercial, residential, government, and utilities. It offers engineering, procurement, and construction services for third-party developers and engages in the development, manufacturing, and marketing of photovoltaic components. The company collaborates with third-party EPC contractors for logistics, installation, construction, and supervision services. Its operations span the UK, Australia, the US, Greece, Japan, and Italy, with a significant portion of its revenue coming from Australia.
