SPI Energy falls on deal to buy energy storage project in Massachusetts

SPI Energy Co

12/04/2021 19:22

** Shares of renewable energy co  SPI.O  fall as much as
4.34% to $7.05 
    ** Co's unit, SPI Solar, inks agreement to buy an energy
storage project in Massachusetts from a third-party developer  urn:newsml:reuters.com:*:nACS3fs3Va
    ** Says the project will sell power through the
Massachusetts' SMART program and will provide community solar
subscriptions to national grid customers
    ** The project is expected to come online in 2022
    ** Stock is down ~10% YTD, as of last close

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))