What's up guys and welcome back to the
channel. Today I want to talk about a
stock that I have not covered on the
channel before. This is a company that I
looked at a few months ago but in the
past week this has started to get some
attention and this could explode in the
coming days and I will tell you why in
just a moment.
Nobody else is talking about this stock
yet
but that could change in the coming days.
This is a holding company with several
companies in the solar industry and they
are now looking to break into the ev
industry too
SPI Energy is listed on the nasdaq
ticker SPI. (NASDAQ: SPI)
If you don't know about this company
already then stick around analysts rate
this as a buy with price targets
offering over 100% upside from the
current price
but there is one huge potential catalyst
taking place this weekend that could see
SPI explode over the coming days.
If you've been watching my channel over
the past few months then you will have
seen the huge gains that we made
recently
over the past few months we've seen 9x
games on ILUS since my first ILUS International
video
we've had 10x games on shiba inu from
the time of my first shiba inu video
back in may when nobody else was talking
about this
and in the past few weeks alone we've
seen AABB stock
3x from the time of my video in
september.
If you watched my recent petrotec videos I
covered the stock a few weeks ago at
only 11 cents telling you about a
potential buyout offer coming this stock
reached as high as 34 cents just a few
days later and even now it's a bargain
at only 18 cents the board of directors
currently has an offer on the table to
buy the shares at 74 cents per share. So
what are you waiting for hit that
subscribe button now and stop missing
out on these huge money making stocks
turn on notifications and find out about
these stocks as soon as I make a video
instead of finding my video after the
stocks have made huge gains it costs you
nothing but it could make you a lot of
money. This is not financial advice, I
encourage everyone to do your own due
diligence now let's dive into it.
SPI energy is a global renewable energy
holding company
and provider of solar storage and
electric vehicle solutions for business
residential government logistics and
utility customers and investors
the company provides a full spectrum
of epc services
to third-party project developers as
well as develops owns and operates solar
projects
that sell electricity to the grid in
multiple countries
the company has its u.s headquarters in
california and maintains global
operations in asia europe north america
and australia
sbI is also targeting strategic
investment opportunities in green
industries such as battery storage and
charging stations
leveraging the company's expertise and
growing base of cash flow from solar
projects
and funding development of projects in
agriculture and other markets with
significant growth potential
the company has three main core
divisions
one solar for america and solar juice
residential solar
two the commercial solar division
comprising of SPI solar and orange power
and three the company's ev division
comprising of edison futures
and phoenix motors
solar juice is the leader in renewable
energy system solutions for residential
and small commercial markets and has
extensive operations in the asia pacific
and north american markets
SPI solar is focused on development
engineering procurement construction and
transferring of utility and distributed
solar power plants microgrids energy
storage and customized sustainable
energy solutions
the orange power generation division
is initially focused on european and u.s
markets they have delivered some of the
most recognizable solar pv projects in
the world such as the sacramento king
stadium and the staples center
phoenix motor is a leader in medium duty
commercial electric vehicles and is
developing ev charger solutions electric
pickup trucks electric scooters and
other ev products
they are american made with the majority
of key components sourced locally and
with final assembly in california
offering a full range of residential and
commercial ev charger solutions edison
future are developing a branded pickup
truck with solar mosaic charging and
this week is going to be a big week for
edison future motors because they will
debut the next generation electric
pickup truck the ef1t at the la auto
show taking place from november 19th to
28th at the la convention center edison
futures ef-1t pickup truck developed in
partnership with icona and leading auto
partners is the first product in a line
of advanced all-electric pickup trucks
and last mile delivery vans
and we will take a look at this in more
detail in just a moment
so what did the analysts think of SPI
energy
one wall street analyst has set a
12-month price target for SPI in the
last three months of 12
this price target represents 100 upside
from the last price of six dollars
looking at market beat we can see the
SPI is currently midway in its 50-day
range and lower quarter
of its 52-week range which suggests huge
upside potential the market cap for this
company is around about 140 million
dollars with average volume of over 1
million shares
institutional investors here own over
eight percent of the company and this
includes
investco jp morgan and morgan stanley
amongst others
and we can see that the most recent
rating has been said in the past two
months by maxim group who have initiated
coverage
giving this stock a buy rating and a
price target of twelve dollars
offering one hundred percent upside from
the current price
in the past few weeks SPI energy
announced the financial results for the
latest six month period
key highlights include revenue increased
to 79.4 million dollars
up 41 percent from the 56 million
generated in the first half of 2020
gross profit increased 7.4 million up
134
over the gross profit in the first half
of 2020 and cash and cash equivalents
totaling 22.8 million shareholder equity
increased
to 47.6 million
an increase of last year's figure
looking at the actual filing we can see
that they have total assets of 238
million and total liabilities of 187
million this gives the company
an asset to liability ratio of about 1.2
to 1.
and we can see that they have total
current assets of 89 million
which is largely made up of 22 million
in cash while they also have total
current liabilities of 164 million
now this is not the strongest balance
sheet although they have greater total
assets than total liabilities
their current liabilities outweigh their
current assets at a rate of nearly two
to one which is quite concerning
although a large portion of this
liabilities figure
is convertible bonds of over 44 million
which will probably be converted and
there is a large long-term investment in
the non-current assets of 69 million
dollars
looking at the income statement we can
see that the company has recorded 79
million in sales which is 40 higher than
the previous years
while recording a gross profit of around
about 10
after deducting operating expenses we
can see that this gives the company a
net loss for the period
something that is important here is that
the company has achieved a much higher
revenue
with an improved gross profit margin
looking at trading view we can see that
SPI energy
is down over 30 percent year to date we
we can see here that from january 1st to
mid february
SPI ran up to its all-time high of over
13 dollars but has been under decline
ever since
looking at the past month we can see
that the stock has begun to move upwards
recently
having spent a few months trading
sideways between five and six dollars
last month the stock hit a low of only
4.35
in the past week SPI has hit highs of
over seven dollars on tuesday
and I will look at what caused this in
just a moment
but the stock price dropped down again
quickly
and I feel that the current price offers
a great entry point
and considering the analyst price
targets are far higher than this I see
this as both a good short-term and
long-term opportunity
so on tuesday SPI announced that it had
issued 4.2 million dollars 10
convertible promissory note to
streeterville capital this note has a
maturity date
of november 11 2022
all or any portion of the note is
convertible into ordinary shares of SPI
at a conversion price of twenty dollars
per share which is far higher than the
current price of only six dollars
looking at the SPI investors
presentation from the website the
company is compared to its peers in both
solar industry and the ev industry
SPI energy's current market cap ranks
this as one of the lowest valued
companies listed here whilst the company
compares very favorably to its peers
across price to sales ratio price to
books value and ev to revenue
let's not forget that this is a company
with revenues of over 70 million dollars
in the past six months while its market
cap is only about 140 million
now I think that although SPI energy has
a lot more to the company than just the
ev side of the business I feel that
right now the edison future pickup and
van
could provide the most near-term
catalyst for SPI and they are making
their debut this week at the la auto
show
after searching through twitter I was
able to find some actual footage of
these vehicles at the auto show to see
how they really look I came across this
article which has a video of the ef1t
for copyright reasons I can show this
video but I have put a link to the video
in the description take a look at this
and tell me what you think of this truck
in the comments below
remember that this is still a concept
vehicle
but this is only the beginning recently
I have looked at other companies such as
polstar lucid and rivian which have
valuations going into the hundreds of
billions sbI energy consists of several
companies and a market cap of all these
combined companies is less than 150
million dollars
so guys that brings us to the end of the
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