U.S. Markets close in 1 hr 49 mins
  • S&P 500

    4,122.34
    -17.72 (-0.43%)
     
  • Dow 30

    32,789.44
    -43.10 (-0.13%)
     
  • Nasdaq

    12,485.31
    -159.15 (-1.26%)
     
  • Russell 2000

    1,906.59
    -34.62 (-1.78%)
     
  • Crude Oil

    90.72
    -0.04 (-0.04%)
     
  • Gold

    1,811.00
    +5.80 (+0.32%)
     
  • Silver

    20.48
    -0.14 (-0.67%)
     
  • EUR/USD

    1.0219
    +0.0031 (+0.3066%)
     
  • 10-Yr Bond

    2.7960
    +0.0310 (+1.12%)
     
  • Vix

    21.87
    +0.58 (+2.72%)
     
  • GBP/USD

    1.2080
    +0.0009 (+0.0773%)
     
  • USD/JPY

    135.1140
    +0.1440 (+0.1067%)
     
  • BTC-USD

    23,076.49
    -835.41 (-3.49%)
     
  • CMC Crypto 200

    536.21
    -21.14 (-3.79%)
     
  • FTSE 100

    7,488.15
    +5.78 (+0.08%)
     
  • Nikkei 225

    27,999.96
    -175.94 (-0.62%)
     

Why SPI Energy's Stock Is Trading Higher By 1800% Today

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

SPI Energy (NASDAQ: SPI) shares are trading higher on Wednesday after the company launched a new electric vehicle subsidiary.

SPI Energy offers photovoltaic solutions for business, residential, government and utility customers and investors. The company provides a range of engineering, procurement and construction services to third-party project developers.

It's also engaged in the development, manufacture, and marketing of various PV modules. It procures PV modules and other equipment for project construction from independent suppliers and contracts work to third-party EPC contractors in areas, such as logistics, installation, construction, and supervision.

SPI Energy shares were trading up 440% at $5.73 at the time of publication Wednesday.

Editor's note: As of 3 p.m. ET, the stock was up about 1,800% at $20.43 per share. The stock hit an intraday high of $41.76.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.