SPI - SPI Energy on crazy ride to $46 from $1 after launching EV business

SPI Energy ([[SPI]], +1,970%) is going from fairly anonymous dollar stock to the focus of much of Wall Street as it rockets higher, currently in the lower $20s.SPI announced it is launching an EV subsidiary.Shares shot up to nearly $47 before falling back somewhat, but are still in the stratosphere for company that received a Nasdaq deficiency letter in May.The stock has been under $2 for almost all of the year, struggling to stay above $1 from March to July.For those thinking short squeeze, it's unlikely. Just 0.17% of its float is held short, according to ShortSqueeze.com.The move is reminiscent of the height of the crypto craze, when Long Island Iced Tea Corp. surged nearly 300% after changing its name to Long Blockchain.

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SPI Energy on crazy ride to $46 from $1 after launching EV business