SPI Energy (NASDAQ:SPI) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

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 $0.68 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 business’s fifty day moving average price is $0.77 and its 200 day moving average price is $0.68.

Hedge Funds Weigh In On SPI Energy

A hedge fund recently raised its stake in SPI Energy stock. Geode Capital Management LLC boosted its position in SPI Energy Co., Ltd. (NASDAQ:SPI) by 22.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,399 shares of the company’s stock after buying 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.