Spi Energy Co. Ltd. (SPI) stock prices were down by 4.31% as of the market closing on September 3rd, 2021. This brought the price per share down to USD$5.11 at the end of the trading day. Subsequent premarket fluctuations have seen the stock rally by 4.89%, bringing it up to USD$5.36.
SPI Stock Launches Solar4America
The global renewable energy company and provider of solar storage and electric vehicle (EV) solutions announced the launch of its new Solar4America Amazon Store for Solarjuice Technology on September 7th 2021. This development will facilitate the provision of a myriad of Solar4America-branded off-grid solar products, portable battery power supply solutions and other consumer oriented mobile power devices.
Ahead of the Competition
SPI stock’s portable power supply supports PD 2.0 for 32% faster power delivery as compared to traditional methods. The products use innovative safety technology that boosts the overall safety rating for using a lithium-ion battery in a portable power station. the company’s devices are safer and last longer than their competitors’ power supplies due to multiple layers of built-in hardware protection, in addition to the aforementioned features. Furthermore, each power supply has a compact power inverter built into it that facilitates peak performance along with the company’s patented safety systems.
Scope of SPI Stock’s Amazon Launch
The company’s new e-commerce platform in collaboration with Amazon will facilitate SPI stock’s potential exposure and servicing of more customers. The company is allocating resources towards the expansion of the product portfolio for Solar4America. This is one of the ongoing efforts to build a complete ecosystem for green energy products and services. In conjunction with the company’s offline services and installations fleets across the U.S, their online services will be a one-stop shop for customers with green energy application needs.
About Solarjuice
Solarjuice is a leader in renewable energy systems solutions for both residential and small commercial markets. It has been a one-stop global solution for solar panels, inverters, and battery systems since its inception in 2009, over which it has served more than 400 customers and 3,000 B2B accounts. The company expects to facilitate the growth of its supply chain while enhancing its technology platform, as well as pushing for the expanded product delivery throughout the Asia Pacific Region and the North America markets.
Future Outlook for SPI Stock
SPI stock has reported a promising start to the second half of the fiscal year 2021, as evidence by its recent launch of the new Amazon store. The company is poised to capitalize on the opportunities afforded by its foray into the burgeoning e-commerce market. Investors are hopeful that this will facilitate consistent increases in shareholder value over the long term.
