Driving Sustainability Forward: Insights from SPI Energy
Oct. 4, 2023
Delivering competitive, clean energy solutions to customers for more than 15 years, SPI is an established renewable energy player with global operations in key markets in Asia, Australia, North America, and Europe. SPI has assets of $230 million and currently trades for a fraction of its trailing 12-month revenue of $197 million, a significant discount to peer group multiples. SPI is expected to be net profitable in 2023 with full year net income guidance of $29 million to $36 million on revenues of $250 million to $300 million. To unlock additional shareholder value, SPI completed an IPO spinoff of Phoenix Motor (Nasdaq: PEV) in 2022 (currently owns 25%) and expects to complete IPOs of Solarjuice (Nasdaq: SJA – tentative) and Orange Power in 2023. SPI is currently covered by Maxim Group with a buy rating and $6 per share price target. Visit SPIgroupsinfo.com to learn more. https://bit.ly/45fSYfp
