Maxim Group analyst Tate Sullivan maintained a Buy rating on SPI Energy Co (SPI – Research Report) yesterday. The company’s shares opened today at $0.70.
Sullivan covers the Industrials sector, focusing on stocks such as Globus Maritime, BWX Technologies, and Performance Shipping. According to TipRanks, Sullivan has an average return of 13.9% and a 43.74% success rate on recommended stocks.
The analyst consensus on SPI Energy Co is currently a Moderate Buy rating.
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Based on SPI Energy Co’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $58.85 million and a GAAP net loss of $2.47 million. In comparison, last year the company earned a revenue of $48.58 million and had a GAAP net loss of $2.31 million
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SPI Energy Co (SPI) Company Description:
SPI Energy Co. Ltd. engages in the provision of photovoltaic (PV) solutions for commercial, residential, government and utility customers and investors. It also focuses on the downstream PV market including the development, financing, installation, operation and sale of utility-scale and residential solar power projects in China, Japan, Europe and North America. The company was founded on January 4, 2016 and is headquartered in Shanghai, China.
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