SPI Energy climbs as unit launches EV charging products

SPI Energy Co

16/06/2021 13:09

** Renewable energy company's shares  SPI.O  up 32.47%
at$8.68 premarket, among the top pct gainers across U.S.
exchanges  
    ** Co's unit Phoenix Motorcars launches EV charging products
in the U.S. market for both residential and commercial purposes
 urn:newsml:reuters.com:*:nACS0GL8Ca
    ** Products include wall mount AC chargers, standard and
high power DC chargers 
    ** According to Grandview Research, the global EV charging
infrastructure market was estimated at $15.1 bln in 2020 and is
expected to grow at a 33.4% compound annual growth rate 
    ** About 3 mln shares have traded so far premarket, nearly
five-fold their 30-DMA volume
    ** As of last close, stock down 16.9% this year 

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))