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

SPI Energy Co., Ltd. (NASDAQ:SPI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.56 and traded as high as $1.36. SPI Energy shares last traded at $0.77, with a volume of 44,409,278 shares changing hands.

SPI Energy Price Performance

The firm’s 50-day moving average is $0.77 and its 200 day moving average is $0.56.

Institutional Investors Weigh In On SPI Energy

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

About SPI Energy

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.