Futu Information September 23 news, photovoltaic concept stock SPI Energy Co Ltd skyrocketed circuit breaker, the stock price rose as much as 800% after the resumption of trading. The turnover rate was as high as 3800%.
The full name of SPI is Green Energy Internet Co., Ltd. The English name is SPI Energy Co. Ltd.
The company became Solar Power,Inc on May 4, 2015. A wholly owned subsidiary of the Cayman Islands was established. Headquartered in Shanghai, China. Mainly in the United States, Europe, Japan, China four target markets to carry out business.
The company provides a full range of EPC services to third-party project developers, as well as developing, owning and operating solar projects that sell electricity to power grids in many countries. It was listed in the United States in 2016. At present, the company's official website shows that its main business is solar energy projects and mining projects.
The company's official website
SPI Energy Co Ltd disclosed his financial results in 2019 on June 30th. SPI Energy Co Ltd's net sales in 2019 were $97.88 million, down 22% from a year earlier, according to the data. The net loss was $15.15 million, compared with $12.26 million in the same period last year.
The diluted loss per share was $1.20, compared with a loss of $1.70 per share in the same period last year. As of December 31, 2019, SPI Energy Co Ltd held $2.764 million in cash and cash equivalents, compared with $4.141 million in the same period last year.
On Aug. 12, SPI Energy Co Ltd (SPI.US) announced that the board of directors approved the company's plan to spin off and list its subsidiary SP Orange Power (Cyprus) Limited (Orange Power).
Today, SPI SPI Energy Co Ltd announced that it will set up EdisonFuture,Inc., a wholly owned subsidiary of SPI Energy, to design and develop electric vehicles and EV charging solutions.
EdisonFuture is a Silicon Valley, California-based subsidiary that complements SPI Energy's current suite of photovoltaic solutions, including solar and battery storage technologies. EdisonFuture will focus on the design and development of new electric vehicle technologies and plans to work with major manufacturers if necessary.
Earlier, Mr. Peng Xiaofeng, CEO of SPI Energy, said: "this is an important milestone for SPI Energy." As Tesla, Inc. has proved, end-to-end business models in the field of renewable energy can generate great value. By adding EV and EV charging segments to our diversified solar business, we position SPI Energy as the future of renewable energy. "
Edit / charlie