SPI Energy Co. Ltd. (NASDAQ: SPI) is a solar company based in Shanghai China. It is engaged in the residential and commercial provisioning of solar solutions in Asia, Europe, and North America. Its solar solutions are developed for commercial, residential, government, and utility-scale use. Fully integrated, the company’s involvement ranges from financing and design to installation and operation. The company owns and operates 16.8 megawatts of solar projects, along with a large global network of EV charging stations through its subsidiary, EdisonFuture Inc.
Over the last year, the stock has rallied, but performance hasn’t been as strong in the first quarter of 2021, with the stock gaining just under 2% since the start of the year.
When looking at the company over five years, earnings have increased at an average of 41% per year. With the global economy recovering and a significant push from governments to adopt clean energy solutions, SPI’s services and technologies are likely to see high demand in 2021. The growing EV market will be a boon for its EdisonFuture subsidiary.
SPI hired Joseph R. Mitchell as Chief Executive Officer on February 15. Mitchell previously worked for Ford and UQM Technologies and has direct experience in the EV market, a potential area for SPI’s expansion. Like many bargain picks, there’s uncertainty in this one, but its low price and high long-term potential make it an interesting alternative stock.
- 1 Year Price Growth: 1,155.27%
- YTD Price Growth: 90%
- 3 Month Price Growth: 74%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.