Hi, what are you looking for?

Company announces 2022 revenue guidance of $200-220 million SPI Energy to host conference call to discuss 2021 results on April 4, 2022 at 4:15 pm ET

SANTA CLARA, CA / ACCESSWIRE / April 1, 2022 / SPI Energy Co., Ltd., (NASDAQ:SPI) (the “Company”), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers, today announced its financial results for the fiscal year ended December 31, 2021.

“I’m proud to report our team delivered strong double-digit top-line growth again in 2021,” said Xiaofeng Peng, Chairman and CEO of SPI Energy. “Importantly, we fortified our foundations in multiple business segments, including expanding our residential solar operations and product offerings, launching new utility and commercial-scale solar projects, driving innovation and commercial success in our burgeoning EV segment, and strengthening our team at all levels and across all of our organizations.”

Solar & Battery Storage Business

“While logistics and supply chain challenges remain a factor globally, we expect revenue of $200 million to $220 million in 2022,” continued Mr. Peng. “With multiple business lines addressing multi-billiondollar opportunities within the rapidly expanding global renewable energy and EV markets, SPI is well positioned to unlock substantial value as we accelerate growth in the quarters ahead. 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 $200 million to $220 million for the year.”

The Company will host a conference call and audio webcast on Monday, April 4, 2022 at 4:15 p.m. ET to discuss and answer questions about the Company’s operational and financial highlights for the fiscal year ended December 31, 2021.

Event: SPI Energy 2021 Financial Results Conference Call Date: Monday, April 4, 2022 Time: 4:15 p.m. Eastern Time Live Call: +1-877-425-9470 (U.S. Toll-Free) or +1-201-389-0878 (International) Conf. ID: 3728652

For interested individuals unable to join the conference call, a dial-in replay of the call will be available until April 19, 2022 and can be accessed by dialing +1-844-512-2921 (U.S. Toll Free) or +1-412-317-6671 (International) and entering replay pin number: 13728652.

SPI Energy Co., Ltd. (NASDAQ:SPI) is a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions that was founded in 2006 in Roseville, California and is headquartered in Santa Clara, California.

The company has three core divisions: SolarJuice residential solar, the commercial & utility solar division comprised of SPI Solar and Orange Power, and the EdisonFuture/Phoenix Motor EV division. SolarJuice is the leader in renewable energy system solutions for residential and small commercial markets and has extensive operations in the Asia Pacific and North America markets. The commercial & utility solar division provides a full spectrum of EPC services to third party project developers, and develops, owns and operates solar projects that sell electricity to the grid in multiple regions, including the U.S., U.K., and Europe. Phoenix Motor is a leader in medium-duty commercial electric vehicles, and is developing EV charger solutions, electric pickup trucks, electric forklifts, and other EV products.

SPI maintains global operations in North America, Australia, Asia and Europe and is also targeting strategic investment opportunities in fast growing green industries such as battery storage, charging stations, and other EVs which leverage the Company’s expertise and substantial solar cash flow.

For more information on SPI Energy and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.SPIgroups.com or available at www.sec.gov.

This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as “may,” “might,” “will,” “intend,” “should,” “could,” “can,” “would,” “continue,” “expect,” “believe,” “anticipate,” “estimate,” “predict,” “outlook,” “potential,” “plan,” “seek,” and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company’s current expectations and speak only as of the date of this release. Actual results may differ materially from the Company’s current expectations depending upon a number of factors. These factors include, among others, the coronavirus (COVID-19) and the effects of the outbreak and actions taken in connection therewith, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business, and those other risks and uncertainties that are described in the “Risk Factors” section of the Company’s annual report filed on Form 10-K filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any responsibility to revise or update any forward-looking statements.

SPI Energy Co., Ltd. IR Department Email: [email protected]

Dave Gentry RedChip Companies, Inc. Phone:(407) 491-4498 [email protected]

SOURCE: SPI Energy Co., Ltd.

View source version on accesswire.com: https://www.accesswire.com/695728/SPI-Energy-Reports-Record-Revenue-of-162-Million-for-2021

News network reaching more than 1,500 media outlets in 98 countries. The newest, fastest-growing and most disruptive newswire available today.

Relations between Nicaragua and Colombia have been strained for almost a century over disputed maritime borders - Copyright AFP Paul FaithJan HENNOPThe United Nations’...

Japan described four disputed islands as "illegally occupied" by Russia for the first time in nearly two decades.

Hong Kong and Tokyo both opened deep in the red even as inflation data from Japan was in line with market expectations.

The equine centre at Castlerea Prison in central Ireland is the first of its kind in Europe - Copyright AFP Paul FaithCallum PATONThe purpose-built...

COPYRIGHT © 1998 - 2022 DIGITAL JOURNAL INC. Digital Journal is not responsible for the content of external sites. Read more about our external linking.