SPI - SPI Energy soars after strong 2021 sales raising 2022 revenue forecast

SPI Energy (NASDAQ:SPI) +29.9% pre-market after reporting FY 2021 net sales rose 17% to $162M and guiding for FY 2022 revenues of $200M-$220M. The renewable energy company previously had projected full-year revenues of $190M-$210M. "Our residential solar business is expected to remain a primary revenue driver in 2022, with EV sales accelerating as the year progresses, ultimately helping to drive overall revenue to $200M-$220M for the year," Chairman and CEO Xiaofeng Peng said. SPI Energy recently announced plans plans to expand solar module manufacturing capacity at its Sacramento, California, facility to 1.1GW.

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SPI Energy soars after strong 2021 sales, raising 2022 revenue forecast