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Spi Energy Stock Price, News & Analysis

SPI NASDAQ

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

SPI Energy Co., Ltd. (SPI) is a global leader in renewable energy solutions spanning solar technology, energy storage systems, and electric vehicle infrastructure. This dedicated news hub provides investors and industry professionals with timely, verified updates on the company's strategic initiatives and market developments.

Access comprehensive coverage of SPI Energy's financial announcements, product innovations, and partnership agreements. Our curated collection includes earnings reports, solar module technology breakthroughs, and updates on domestic manufacturing expansions through divisions like SolarJuice and SEM Wafertech.

Key focus areas include updates on SPI's steel-framed solar panel production, energy storage project deployments, and international market entries. Track regulatory developments affecting their U.S. and global operations alongside analysis of sustainable supply chain strategies.

Bookmark this page for streamlined access to SPI Energy's evolving position in the renewable sector. Check regularly for critical updates impacting investment decisions and industry benchmarking.

Rhea-AI Summary

SPI Energy Co., Ltd. (NASDAQ:SPI) has entered an Interim Management Agreement with Petersen-Dean, Inc. to facilitate the upcoming purchase of the latter's assets by SPI's subsidiary, Solarjuice America. This agreement enables Solarjuice America to provide operational support to Petersen-Dean while preparing for a Section 363 asset sale. The acquisition is expected to bolster SPI's U.S. operations in the growing solar market. CEO Xiaofeng Peng emphasized the strategic importance of this deal for enhancing Solarjuice America's ability to meet rising solar demand.

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SPI Energy Co., Ltd. (NASDAQ:SPI) announces the appointment of Edmund Shen as Vice President of Product Management and Supply Chain for its subsidiary, Phoenix Motorcars. Shen brings extensive experience from Tesla, where he led notable EV projects. His previous roles include senior positions at SERES EV and leading semiconductor firms. This strategic hire is expected to enhance product development and market positioning for Phoenix Motorcars in the growing electric vehicle sector, aimed at commercial markets with a focus on clean transportation.

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SPI Energy Ltd. (NASDAQ:SPI) has partnered with Icona Design to create a new line of all-electric vehicles, including advanced pickup trucks and last-mile delivery vans. This collaboration aims to integrate innovative designs and technologies, focusing on energy efficiency and human-centered transportation. The new vehicle prototypes will debut at major auto shows in 2021. SPI Energy is firmly positioned in the renewable energy market, with a robust portfolio in solar storage and electric vehicle solutions, while Icona brings extensive expertise in automotive design.

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SPI Energy Co., Ltd. (NASDAQ:SPI) has announced its 2021 revenue guidance of $200M to $240M, focusing on solar storage and electric vehicle (EV) solutions. The company reported a strong performance in 2020, with solar panel sales increasing 50% to 150MW and battery storage sales rising 326% to 33.4MWh. Major milestones include fundraising of $53 million and the establishment of the EV subsidiary, EdisonFuture, which acquired Phoenix Motorcars. SPI regained compliance with Nasdaq requirements and plans to spin off subsidiaries in an IPO.

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SPI Energy Co., Ltd. (NASDAQ:SPI) announced its acquisition of consumer contracts from Petersen-Dean, Inc., a leading US roofing and solar company, which could save thousands of jobs after Petersen-Dean's Chapter 11 filing. Petersen-Dean generated $300-$400 million in annual sales before the pandemic. The acquisition aligns with SPI's goal to enhance its presence in the US renewable energy market and improve services for residential customers. Following COVID-19 challenges, this strategic move is aimed at fostering growth and expanding opportunities in the rapidly evolving solar market.

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Edward Monfort has been appointed as Senior Vice President of Phoenix Motorcars, a subsidiary of SPI Energy (NASDAQ:SPI). He brings extensive experience in the electrical and automotive industries, having generated over $100 million in sales through his inventions. Monfort will lead the introduction of his innovative technologies, Smart Plate and Smart Battery, aimed at enhancing electric vehicle conversions and battery management, respectively. This strategic move is expected to boost Phoenix Motorcars' capabilities in the competitive EV market.

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SPI Energy Ltd. (NASDAQ: SPI) announced a partnership between its subsidiary, Phoenix Motorcars, and EasyMile to develop zero-emission trucks and autonomous shuttle buses. The pilot program will feature the Class 4 EZ ZEUS, with plans to serve the Houston Metro's Third Ward community. This initiative benefits from funding through the Federal Transit Administration's AIM grant. The collaboration aims to enhance safety and efficiency in public transit, leveraging EasyMile's driverless technology to meet increasing demand for autonomous solutions post-COVID.

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SPI Energy Co., Ltd. (NASDAQ:SPI) announced that an interview featuring Tarek Helou, COO of its subsidiary Phoenix Motorcars, will air on The RedChip Money Report on Bloomberg International. The interview discusses Phoenix Motorcars' strong market position, major clients, and growth plans. Additionally, SPI Energy focuses on providing renewable energy solutions and plans to expand into green industries such as battery storage. The company aims to leverage its cash flow from solar projects for further development.

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SPI Energy Co., Ltd. (NASDAQ:SPI) will present at the 13th annual LD Micro Main Event on December 14, 2020, at 11:20 am PST. The presentation will be led by Chris Wang, SVP Finance, and Tarek Helou, COO of Phoenix Motorcars. This year, the event features a new format with 10-minute presentations followed by Q&A. The conference will be hosted on the Sequire Virtual Events platform. SPI Energy specializes in renewable energy solutions, including photovoltaic systems and electric vehicles, aiming to expand into battery storage and green industries.

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SPI Energy Co., Ltd. (NASDAQ: SPI) has completed a registered direct offering, closing on December 7, 2020, for about 3.5 million ordinary shares and corresponding warrants, generating gross proceeds of approximately $35 million. Each share and warrant was priced at $10.02, with warrants exercisable at $10.50 and expiring in five years. The offering was facilitated by Maxim Group LLC, with co-placement agents including Roth Capital Partners and Kingswood Capital Markets. SPI aims to utilize the proceeds for its renewable energy initiatives, enhancing its market position.

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FAQ

What is the current stock price of Spi Energy (SPI)?

The current stock price of Spi Energy (SPI) is $0.766 as of January 15, 2025.

What is the market cap of Spi Energy (SPI)?

The market cap of Spi Energy (SPI) is approximately 24.2M.
Spi Energy

NASDAQ:SPI

SPI Rankings

SPI Stock Data

24.21M
25.42M
19.55%
1.78%
Solar
Semiconductors & Related Devices
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United States
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