SPI Energy Co ( (SPI) ) just unveiled an update.
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SPI Energy Co., Ltd. announced a settlement agreement with SINSIN Europe Solar Asset and SINSIN Solar Capital, resolving disputes from a previous share sale agreement. The company will pay €45 million in installments, with the first installment covering existing debts. This settlement allows SPI to reintegrate eight solar projects into its portfolio, significantly increasing its renewable energy capacity and expected annual revenue. The resolution enhances SPI’s financial stability and positions it for future growth by eliminating legal uncertainties and aligning with its strategic goals.
More about SPI Energy Co
SPI Energy Co., Ltd. is a global renewable energy company offering solar and storage solutions. Founded in 2006 in Roseville, California, and headquartered in McClellan Park, California, the company operates several divisions, including SPI Solar for commercial and utility solar services, Orange Power for solar projects selling electricity to the grid, SolarJuice for renewable energy systems, and SEM Wafertech for solar wafer manufacturing. SPI has global operations in North America, Australia, Asia, and Europe, and is expanding into green energy sectors such as battery storage and charging stations.
YTD Price Performance: 56.00%
Average Trading Volume: 3,703,895
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $19.75M
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