logo
  

Stock Alert: SPI Energy Surges 62% After Deal With China's Shaanxi Tongjia

Shares of SPI Energy Co., Ltd. (SPI), a provider of photovoltaic and electric vehicle solutions, are gaining more than 61 percent or $4.42 in Thursday's morning trade at $11.60.

SPI Energy said Thursday that its unit EdisonFuture Inc. agreed with Shaanxi Tongjia Automobile Co., Ltd., a manufacturer of all-electric logistic vehicles in China, to make and sell a new generation of smart electric pickup trucks and electric logistics vehicles. Tongjia will supply parts and support to EdisonFuture's assembly facility in Fresno, California, where EdisonFuture will complete assembly of the vehicles.

EdisonFuture will also be the exclusive North American distributor of all-electric "last-mile" delivery box trucks and pickup trucks currently produced by Tongjia.

SPI Energy has traded in a range of $0.55 to $46.67 in the past 52 weeks.

For comments and feedback contact: editorial@rttnews.com

Business News

Get Access to Premium Stock Alerts with RTT Biotech Investor.
Editors Pick
Swiss luxury goods group Compagnie Financiere Richemont AG reported Friday significantly higher profit in fiscal 2022 with strong growth in demand. The company also lifted its dividend, and announced a special dividend. Meanwhile, the shares were losing around 12 percent in the morning trading in Switzerland. Coeurd-Alene, Idaho-based White Cane Smoked Salmon LLC is recalling Wild Alaskan Cooked and Smoked Salmon as it contains undeclared wheat and soy, known allergens, the U.S. Food and Drug Administration said. The affected Alaskan Cooked and Smoked Salmon is packaged in vacuum bag, sold frozen, and there is no lot code or best by date on a package. Auto giant Ford Motor Co. (F) has issued a recall of about 39,000 2021 Expedition and Lincoln Navigator vehicles due to fire risk. The company has asked the customers of the recalled 2021 Ford Expedition and Lincoln Navigator SUVs to park their vehicles outside and away from structures while it investigates...
RELATED NEWS
Follow RTT