Shares of SPI Energy Co. Ltd.
SPI,
+52.71%
soared 54% in premarket trading, but that paled in comparison to the 1,236.5% rocket ride on massive volume in the previous session. The stock had run up as much as 4,154% intraday on Wednesday, before paring gains, after the company, which offers photovoltaic solutions for business, residential, government and utility customers, said it was starting an electric-vehicle subsidiary, as MarketWatch’s Mark DeCambre reported. The stock’s trading volume about an hour ahead of Thursday’s open was 2.5 million shares; on Wednesday, volume was 348.3 million shares. Meanwhile, shares of Sunworks Inc.
SUNW,
+356.89%,
which also makes photovoltaic-based power systems, shot up 353% on volume of 17.5 million shares in Thursday’s premarket, after climbing 50.4% on volume of 110.5 million shares on Wednesday. The stocks’ rallies premarket comes while futures
ES00,
-0.45%
for the S&P 500
SPX,
-0.72%
are slipping 0.3%.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here