SPI Energy (NASDAQ: SPI) shares are trading higher on Wednesday after the company launched a new electric vehicle subsidiary.SPI Energy offers photovoltaic solutions for business, residential, government and utility customers and investors. The company provides a range of engineering, procurement and construction services to third-party project developers.> $SPI +270% Move Of The Day | Benzinga Pro Market Alert https://t.co/SbaX4fbtUz Get Your News In Real-Time & Join Benzinga Pro Free Trial For New Users! pic.twitter.com/4OAAnKpJmH> > — Benzinga (@Benzinga) September 23, 2020It's also engaged in the development, manufacture, and marketing of various PV modules. It procures PV modules and other equipment for project construction from independent suppliers and contracts work to third-party EPC contractors in areas, such as logistics, installation, construction, and supervision.SPI Energy shares were trading up 440% at $5.73 at the time of publication Wednesday. The stock has a 52-week high of $4.98 and a 52-week low of 55 cents.See more from Benzinga * Why Adicet Bio's Stock Is Trading Higher Today * Why Genmab's Stock Is Trading Lower Today * Why Vaccinex's Stock Is Trading Lower Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
