SPI Energy Gains 18%

Shares of SPI Energy Co. Ltd. (SPI) are currently trading at $6.99, up $0.88 or 14.40%, with trading volume soaring over 10.6 million versus an average volume of 857K shares. The stock has been trading in the range of $0.96 - $46.67 for the past one year.

The company, on Monday, announced the launch of next-generation electric pickup truck, EF1-T, by its wholly owned EdisonFuture Inc. and Phoenix Motor Inc. subsidiary. To support the launch of its innovative EF1-T e-pickup truck, EdisonFuture also launched a new website.

"Our vision for EdisionFuture and Phoenix Motorcars is to be leaders in sustainable transportation with focus on energy efficiency and innovative design," said Xiaofeng Peng, Chairman & Chief Executive Officer of SPI Energy. "We have already filed multiple design and technology patents in the US related to the EF1-T and look forward to introducing this game-changing vehicle to the market in the coming months."

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