SPI Energy (SPI) Stock Drops Amid Solar Sector Decline

Author's Avatar
Dec 10, 2024
Article's Main Image

SPI Energy (SPI, Financial) experienced a significant stock drop of 6.38%, trading at $0.305 with a volume of 53,898 shares. The company's recent financial report shows a revenue of $55.90 million and a net loss of $1.90 million, resulting in an EPS of -$0.06 and a negative P/E ratio of -0.33. Currently, there are no institutional ratings for SPI Energy.

Within the solar industry, the overall decline was 1.80%. Notable gainers included Turbo Energy S.A., Zeo Energy Corporation, and JinkoSolar. Zeo Energy Corporation, Maxeon Solar Technologies, and Vivopower International were active in trading. SPI Energy provides photovoltaic solutions and collaborates with third-party EPC contractors across various regions, with most revenue from Australia.

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.