Global renewable energy company and supplier of solar storage and EV solutions SPI Energy Co. (NASDAQ:SPI), announced launch of its next-generation electric pickup truck, EF1-T by the wholly owned EdisonFuture and Phoenix Motor Inc.
The truck, developed together with Iconaas well as automaker partners, is a product of advanced all-electric pickup trucks ad last-mile delivery vans and will revolutionize how vehicles and customers interact.
The model, comes with total power of 350 kilowatts (kW), or 470 horsepower (HP), whereas EdisonFuture’s “Super” model offers 600kW, or 816HP.The truck is perfect for commercial and utility customers and harnesses solar mosaic technology providing a stunning visual signature. In addition, it also utilises the power of sun for recharging batteries, enabling vehicles to charge constantly while in use. EdisonFuture has also launched a new portal for supporting the launch of its e-pickup truck.
Mr. Xiaofeng Peng, Chairman & Chief Executive Officer of SPI Energy said that the vision for Phoenix Motorcars and EdisionFutureaims to be leaders in sustainable transportation focusing on innovative design and energy efficiency. He added that the firm has already moved ahead with a number of design and technology patents related to the truck and are keen to introduce this incredible vehicle.
Market Reaction:
As of 12:29, SPI stock jumped 5.50% at $6.44 with more than 14.26 million shares, compared to its average volume of 857k shares. The stock had moved within a range of $6.42 – 7.73 after opening the trade at $7.69. Over the past 52-week, the stock has been trading within a range of $0.96 – 46.67.
Allied Energy (OTCMKTS:AGYP) is another active stock buzzer in the oil & gas sector. The stock has been gaining momentum since mid-June with a jump of 160% on increased volume. A recent string of Twitter updates show Allied Energy is making impressive progress at their Green and Gilmer leases located in Texas. yesterday, the company issued an update regarding progress being made at the Company’s M1 Well at their Green Lease location.
AGYP stock is trading above 50-day and 200-day moving average, signaling a solid breakout. Moreover, the stock is trading at multi-year high. Keep an eye on AGYP stock as it may be looking to cross $1.
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