SPI Energy (SPI) Stock: Rocketing On New US Assets

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Spi Energy Co Ltd (ADR) SPI Stock NewsspiSPI Energy Co Ltd (NASDAQ: SPI) is having an overwhelmingly strong day in the market today, and for good reason. The company announced new operations in the United States. Of course, with tensions between the US and China on trade, this proved to be exciting news for investors who are sending the stock toward the sky in the market this morning. Today, we’ll talk about:

  • The new US operations;
  • what we’re seeing from SPI stock as a result; and
  • what we’ll be watching for ahead.

SPI Announces New US Operations

As mentioned above, SPI energy is having an incredibly strong start day in the trading session today after the company announced new operations in the United States. In a press release issued early this morning, the company said that it opened a new office at 4677 Old Ironsides Drive, Suite 190, Santa Clara, California 95054. The company also announced that it launched a new US-based website at www. spigroups.com.

This news proved to be overwhelmingly positive for the company. After all, with trade tensions between the United States and China, it makes sense to have offices in both nations to avoid some additional costs associated with shipping product between the two.




What We’re Seeing From The Stock 

As investors, one of the first lessons that we learn is that the news moves the market. In the case of SPI Energy, the news proved to be overwhelmingly positive. With the United States operations open, the company is capable of taking advantage of the strengths of both sides of the trade war, rather than being limited by tariffs. So, it comes as no surprise to see that excited investors are sending the stock toward the top. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (11:06), SPI is trading at $0.34 per share after a gain of $0.074 per share or 27.44% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on SPI. In particular, we’re interested in following the company’s newly-founded United States operations and the revenue that is generated through it. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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1 COMMENT

  1. Harsco ended its merger with Brand Energy. Now, they should look to recover money from Brand’s ex-CEO and the ex-GE people he brought in with him.

    The CEO of Brand was negligent. He brought in his friends from GE and didn’t fire them no matter what. The ex-GE guy in Houston had to be shuffled all over the country because he was despised. He was called President of Business Development. He has the polish-looking last name and was sent to Houston from California in 2011. They had to keep him on the road all the time because he couldn’t get along with anyone. Can you imagine how much that cost the company? The ex-CEO also sent him around to meet with all kinds of companies even though he was extremely obnoxious. Can you imagine how many companies he scared away and how much money was lost due to that? The ex-CEO of Brand should be held liable for this.

    Watch out for ex-GE guys. They play politics and are a major problem in corporate America. Clayton, Dubilier, and Rice owns Brand Energy. Brand was ruined by ex-GE guys like the former CEO and the “President of Business Development” in Houston. Were they doing their fiduciary duty? Brand’s investors need to investigate the former executives and their spending immediately. Blackrock and other big names are investors in the bonds of Brand Energy.

    Some executives have moved to a company called Total Safety. That company can be investigated next. It’s owned by Littlejohn, the investment firm.

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