SPI - Grizzly calls SPI Energy 'egregious pump and dump'; shares -7%

SPI Energy ([[SPI]], -6.9%) is falling after short-seller Grizzly Research issued a short report that accuses the company of pumping the stock on hot trends and then failing to achieve."We believe SPI is an egregious pump and dump company," Grizzly writes. "The company’s stock has had a date with almost all the hottest trends in the recent two years, including Cryptocurrency, CBD, and now Electric Vehicles.""The stock tells a repetitive story of pumping the stock on news of hot strategic establishment, followed by aggressive PR campaigns and ultimately a failing value proposition."

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Grizzly calls SPI Energy 'egregious pump and dump'; shares -7%