No stopping the surge: SPI Energy extends gains on launch of EV unit

SPI Energy Co

24/09/2020 11:41

** Shares of photovoltaic solutions provider  SPI.O  extend
gains on Thursday, soaring more than 74% to $24.39 premarket
    ** Co, on Wednesday, launched unit EdisonFuture Inc to
design and develop electric vehicles (EV) and EV charging
solutions  urn:newsml:reuters.com:*:nACSgL6zya
    ** Stock had sky-rocketed more than 1200% in previous
session  urn:newsml:reuters.com:*:nL3N2GK32X
    ** EdisonFuture to be based at Silicon Valley in Santa
Clara, California   
    ** EV stocks have benefited from push towards cleaner forms
of energy; in further boost, California state announced plans to
ban sale of new gasoline-powered passenger cars and trucks
starting 2035  urn:newsml:reuters.com:*:nL2N2GK1MR

 (Reporting by Shruti Sonal in Bengaluru)
 ((Shruti.Sonal@thomsonreuters.com; Twitter: @shrutisonal26))