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Stock Alert: SPI Energy Soars 250% On New EV Subsidiary Launch

Shares of SPI Energy Co., Ltd. (SPI) surged over 250% on Wednesday morning after the company announced it has launched a new electric vehicle subsidiary, EdisonFuture.

SPI is currently trading at $3.64, up $2.61 or 253.41%, on the Nasdaq.

Based at Silicon Valley in California, EdisonFuture Inc., a wholly owned subsidiary of SPI Energy, will design and develop electric vehicles and EV charging solutions. SPI said the new subsidiary complements its current suite of PV solutions, including solar and battery storage technologies.

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