SPI Energy Co., Ltd. — Cyborg Score 4/10

Weak
Renewable Energy Solutions & EV Technology

Strategic Profile

SPI Energy positions itself across the renewable energy value chain from manufacturing and EPC services to utility-scale solar project development and operations. The company has expanded beyond traditional solar into EV charging solutions and electric vehicle products to capture diversified clean energy opportunities in multiple geographies.

Cyborg Score Rationale

SPI Energy faces significant headwinds including reported delisting concerns from Nasdaq, heavy recent stock price declines, and sustained operating losses (EPS TTM of -0.859). The company operates in highly competitive renewable energy and EV markets with limited scale advantages.

Top Insights

  • Global geographic footprint spanning 6 countries (Australia, Japan, Italy, US, UK, Greece) with majority revenue from Australia operations
  • Diversified revenue streams across EPC services, solar project ownership/operations, solar modules, and emerging EV solutions (chargers, pickup trucks, scooters)
  • Approximately 316 employees with capital-intensive project ownership model generating recurring electricity sales revenue
  • Stock trading significantly below historical levels with delisting concerns and negative profitability metrics as of early 2026

Named Competitors

  • Utility-scale solar development and operations — Large diversified utility with dominant solar and renewable energy portfolio
  • Solar EPC services — Residential and commercial solar installation and financing leader
  • EV charging infrastructure — Vertically integrated EV manufacturer with proprietary charging network

Recent Developments

  • (January 2025) Company continued operations as global renewable energy firm amid ongoing market volatility
  • (May 2026) Next earnings report scheduled, indicating company remains reporting current period results
  • (February 2026) Stock price near $2.35-$2.52 per share reflecting severe valuation compression

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