SPI Energy (SPI, $2.84) reports +17% growth in revenue
SPI Energy Co. said that 2021 net sales climbed +17% to $162 million.
The photovoltaic solutions company said it "fortified our foundations in multiple business segments," including expanding residential solar operations and products and launching new utility and commercial-scale solar projects.
According to SPI, with multiple business lines addressing multi-billiondollar opportunities within the rapidly growing global renewable energy and EV markets, the company is “well positioned to unlock substantial value."
SPI in downward trend: price expected to drop as it breaks its higher Bollinger Band on May 22, 2023
SPI broke above its upper Bollinger Band on May 22, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 41 similar instances where the stock broke above the upper band. In of the 41 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 60 cases where SPI's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on SPI as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SPI just turned positive on June 02, 2023. Looking at past instances where SPI's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
SPI moved above its 50-day moving average on June 02, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where SPI advanced for three days, in of 222 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SPI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (8.658) is normal, around the industry mean (5.981). P/E Ratio (0.000) is within average values for comparable stocks, (75.886). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.075). Dividend Yield (0.000) settles around the average of (0.025) among similar stocks. P/S Ratio (0.198) is also within normal values, averaging (92.728).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SPI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of photovoltaic solutions for commercial, residential, government and utility customers and investors
Industry ElectricalProducts
SPI and
Correlation & Price change
A.I.dvisor indicates that over the last year, SPI has been loosely correlated with RUN. These tickers have moved in lockstep 47% of the time. This A.I.-generated data suggests there is some statistical probability that if SPI jumps, then RUN could also see price increases.
| Ticker / NAME | Correlation To SPI | 1D Price Change % | ||
|---|---|---|---|---|
| SPI | 100% | +11.67% | ||
| RUN - SPI | 47% Loosely correlated | +1.19% | ||
| FCEL - SPI | 46% Loosely correlated | +2.76% | ||
| PLUG - SPI | 45% Loosely correlated | +3.66% | ||
| BE - SPI | 45% Loosely correlated | +3.30% | ||
| SEDG - SPI | 42% Loosely correlated | -1.25% | ||
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