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SmoothJB
Nov 13, 2021 8:51 PM

SPI Long

SPI Energy Co., Ltd.NASDAQ

Description

Spi Energy Co Ltd (NASDAQ:SPI) The EV sector is too HOT to ignore this small EV maker. The company reported solid numbers last week, the revenue increased to $79.4 million, up 41% over the $56.4 million generated in the first half of 2020 and the gross profit increased to $7.4 million, up 134% over gross profit of $3.1 million in the first half of 2020. The trend has been established for the stock and it is pointing up. I think we could see $6.5-$7 come quickly, and $8.6 come after that. For anyone who trades small caps, unexpected volume is a great indicator of things to come (LA Show next week). The Company will begin accepting reservations to book orders for EF1-T and EF1-V solar-electric vehicles during the Los Angeles Convention Center. Honestly, I think now is the time to step in and ride what will be an impressive and deliberate rebound in share price. At $5.3 this looks a lot like RIVN and it has the potential to pull a similar move bc it seems way undervalued. On watch.
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