SPI Energy (NASDAQ:SPI) Stock Passes Above 200-Day Moving Average – What’s Next?

Shares of SPI Energy Co., Ltd. (NASDAQ:SPI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.48 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 Trading Down 10.4 %

The company’s 50-day simple moving average is $0.67 and its two-hundred day simple moving average is $0.48.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SPI Energy stock. Geode Capital Management LLC raised its holdings in shares of SPI Energy Co., Ltd. (NASDAQ:SPI) by 22.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 209,399 shares of the company’s stock after purchasing an additional 38,477 shares during the period. Geode Capital Management LLC owned 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.

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.