SPI Energy Co Ltd
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Information Technology : Semiconductors & Semiconductor Equipment | Small Cap Value
Company profile

SPI Energy Co., Ltd. is a provider of photovoltaic (PV) and electric vehicle (EV) solutions for business, residential, government and utility customers and investors. The Company operates through three segments: EV business, renewable energy solutions business and solar projects development business. The Company develops solar PV projects that are either sold to third-party operators or owned and operated by the Company for selling electricity to the grid in multiple countries in Asia, North America and Europe. In Australia, The Company primarily sells solar PV components to retail customers and solar project developers. The Company’s subsidiaries include SolarJuice Co., Ltd, Solar Juice Pty Ltd., Solarjuice American Inc., Sloar4america Technology Inc., Italsolar S.r.l., SPI Solar Japan G.K., Solar Power Inc UK Service Limited, SPI Solar Inc., Heliostixio S.A., Thermi Sun S.A., Knight Holding Corporation, Edisonfuture Inc., Phoenix Motor Inc. and Phoenix Motorcars Leasing LLC.

Closing Price
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-0.0204 (-2.49%)
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Cannabis banking bill looks poised to get Senate committee's OK on Sept. 27

10:30 am ET September 15, 2023 (MarketWatch)

By Victor Reklaitis

Marijuana stocks trade sharply higher Friday

The Senate Banking Committee looks set to vote in a week and a half to advance a much-anticipated bill that aims to make it easier for the financial industry to work with cannabis companies.

The committee's vote on the SAFE Banking Act is expected to take place on Sept. 27, according to a Politico report. Another report from Punchbowl News said that's the planned date for action, but the timing could shift a bit.

After the committee votes, the cannabis banking bill should have enough votes to pass in the full Democratic-run Senate, according to a separate report from NBC News.

But leaders of the Republican-run House of Representatives are "either agnostic or opposed" to the measure, a TD Cowen analyst has warned, and that "makes passage challenging, which is why the best window may be after next year's election," meaning potentially in December 2024.

Last December, the cannabis banking bill was left out of a sprawling year-end package, a development that weighed on pot stocks.

On Friday, the AdvisorShares Pure U.S. Cannabis exchange-traded fund MSOS was up by 7%, while the ETFMG Alternative Harvest ETF MJ gained 4%. Shares of Tilray Brands (TLRY), Green Thumb Industries , Curaleaf and Canopy Growth (WEED.T) were also trading sharply higher.

Steve Gelsi contributed.

-Victor Reklaitis

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

September 15, 2023 10:30 ET (14:30 GMT)

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