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SPI Energy Co Ltd - SPI STOCK NEWS

Welcome to our dedicated news page for SPI Energy Co (Ticker: SPI), a resource for investors and traders seeking the latest updates and insights on SPI Energy Co.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SPI Energy Co's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SPI Energy Co's position in the market.

News
Rhea-AI Summary
SPI Energy Co., Ltd. (NASDAQ:SPI) announced an update to its revenue guidance for fiscal 2023, expecting revenue in the range of $204 million to $214 million due to delayed solar project development sales. Despite this, the company remains confident in the profitability and growth potential of its key business divisions, particularly in Australia, New Zealand, and the US.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
Tags
earnings
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Rhea-AI Summary
SPI Energy Co., Ltd. (NASDAQ: SPI) announced that its subsidiary Solar4America Technology Inc. will showcase its latest products at Intersolar North America/Energy Storage North America in San Diego. The company's 700MW Sacramento module factory employs over a hundred Californians and is set to present its 2024 product innovations, including American-made 550W bi-facial solar modules for the C&I and utility markets, and 410W solar modules for the residential market. Additionally, SPI Energy Co., Ltd. announced plans for a second manufacturing plant in Sumter, South Carolina, which is expected to produce domestic cells by mid-2024. The company aims to deliver American-made solar modules with American-made TOPCon solar cells to its partners. The S4A module manufacturing operation in Sacramento has an annual capacity of 700MW, with a total combined capacity of 2.4GW planned for 2024. The company also highlighted its production capacity for legacy modules and the next generation modules for residential and utility-grade applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.61%
Tags
none
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Rhea-AI Summary
SPI Energy Co., Ltd. (NASDAQ:SPI) announced the adjournment of its 2023 Annual Meeting of Shareholders due to lack of quorum. The meeting will reconvene on December 22, 2023, to allow shareholders to vote on proposals from the Proxy Statement. Shareholders of record as of October 31, 2023, are encouraged to vote by December 21, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.32%
Tags
none
Rhea-AI Summary
SPI Energy Co., Ltd. (NASDAQ:SPI) issued $2.2 million 5% Convertible Promissory Notes to Palo Alto Clean Tech Holding Limited, an entity affiliated with the Company's executives. The notes bear 5% interest and are convertible into ordinary shares at a conversion price of $1.10 per share. The strategic financial move aims to strengthen SPI Energy's financial foundation and enhance market confidence in the Company's success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
Tags
none
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Rhea-AI Summary
SPI Energy Co., Ltd. (SPI) reported a 31% increase in net revenues year-over-year to $55.9 million in Q3 2023. The company also achieved a net income from continuing operations of $0.8 million, a significant improvement from a net loss of $9.6 million in Q3 2022. Gross profit improved to $7.5 million, and total assets were $230.2 million as of September 30, 2023. SPI's commitment to driving greater success is evident in its plans to manufacture state-of-the-art N-type Heterojunction Technology (HJT) solar cells in the United States, as well as the successful divestment of its majority stake in Phoenix Motor, eliminating the impact of Phoenix Motor's net losses on its own profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.49%
Tags
earnings
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Rhea-AI Summary
SPI Energy Co., Ltd. (NASDAQ: SPI) announces its subsidiary, Solar4America Technology Inc. (S4A), will exhibit at RE+ 2023 in Chicago. S4A will showcase American-made 410W solar modules for the residential market and 550W bi-facial solar modules for the C&I and utility markets. The company also plans to begin shipments of American-made solar modules with state-of-the-art domestic TOPCon solar cells to partners by early 2024. The current capacity of the Sacramento facility is 750MW annually, with a total combined capacity of 2.4GW expected by late 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.53%
Tags
none
Rhea-AI Summary
RedChip Companies will air interviews with SPI Energy Co., Ltd., and Soligenix, Inc. on The RedChip Small Stocks Big Money® Show on Bloomberg TV.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.57%
Tags
none
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Rhea-AI Summary
SPI Energy's subsidiary, Solar4America, is participating in PV CellTech USA 2023 to present its solar manufacturing operations and expansion plans. The company expects to manufacture US-made modules with S4A US-made cells by Q2 2024. Solar4America's total combined capacity will reach 2.4GW in 2024. They have become a leading domestic module producer in less than a year and plan to open a second US manufacturing facility in Sumter, South Carolina in 2024. Currently, S4A has production capacities for various modules in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.5%
Tags
none
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Rhea-AI Summary
SPI Energy sells 56.36% stake in Phoenix Motor, reducing ownership to 25.83%. Eliminates impact of Phoenix Motor's net losses on SPI's profitability. Shares sold at $1.02 per share, totaling $12.24 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.19%
Tags
none
Rhea-AI Summary
SPI Energy's subsidiary Solarjuice to attend ROTH MKM's 10th Annual Solar & Storage Symposium
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.15%
Tags
conferences
SPI Energy Co Ltd

Nasdaq:SPI

SPI Rankings

SPI Stock Data

18.96M
22.92M
19.55%
1.74%
0.32%
Semiconductor and Related Device Manufacturing
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