Why SPI Energy's Shares Popped 105.1% Today Before Crashing
Shares of SPI Energy (NASDAQ: SPI) soared another 105.1% in trading on Thursday as investors continued a run that saw the stock jump 1,250% yesterday. Yesterday's pop was driven by the announcement that SPI will add an electric vehicle and EV charging subsidiary to its business. The idea of SPI Energy getting into EVs and charging at a time when much better capitalized companies are ramping up manufacturing is questionable, to say the least.
