SPI Energy (NASDAQ:SPI) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

SPI Energy Co., Ltd. (NASDAQ:SPI) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.69 and traded as high as $1.36. SPI Energy shares last traded at $0.77, with a volume of 44,409,278 shares trading hands.

SPI Energy Price Performance

The stock’s 50-day moving average is $0.77 and its 200 day moving average is $0.69.

Hedge Funds Weigh In On SPI Energy

An institutional investor recently raised its position in SPI Energy stock. Geode Capital Management LLC grew its stake in SPI Energy Co., Ltd. (NASDAQ:SPI) by 22.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,399 shares of the company’s stock after acquiring an additional 38,477 shares during the period. Geode Capital Management LLC owned 0.66% of SPI Energy worth $81,000 at the end of the most recent quarter. 1.73% of the stock is owned by institutional investors and hedge funds.

SPI Energy Company Profile

SPI Energy Co, Ltd. provides photovoltaic and electric vehicle (EV) solutions for business, residential, government, and utility customers and investors in Australia, Japan, Italy, the United States, the United Kingdom, and Greece. The company offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies.