SPI Energy trims revenue forecast for 2023

seekingalpha01-26

SPI Energy (NASDAQ:SPI) cut its revenue expectations to come in the range of $204 million to $214 million for fiscal 2023, as a result of solar project development sales delayed into 2024, according ...

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The company had previously provided 2023 revenue guidance of $250 million to $300 million.  \"Despite the revised revenue guidance, SPI Energy remains confident in the profitability and growth potential of its key business divisions. The solar and battery distribution business in Australia and New Zealand has demonstrated robust growth, capitalizing on the increasing demand for renewable energy solutions in these regions. This division's performance is indicative of SPI Energy's strong market presence and its ability to leverage local market dynamics effectively,\" the company said. Press Release. Shares +8% at 64 cents premarket.   More on SPI Energy  SPI Energy issues $2.2M convertible promissory note with $1.10 per share conversion price Seeking Alpha’s Quant Rating o","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SPI":"阳光动力"},"translate_title":"SPI Energy下调2023年收入预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPI":1},"content_text":"SPI Energy (NASDAQ:SPI) cut its revenue expectations to come in the range of $204 million to $214 million for fiscal 2023, as a result of solar project development sales delayed into 2024, according to a press release from Thursday. The company had previously provided 2023 revenue guidance of $250 million to $300 million.  \"Despite the revised revenue guidance, SPI Energy remains confident in the profitability and growth potential of its key business divisions. The solar and battery distribution business in Australia and New Zealand has demonstrated robust growth, capitalizing on the increasing demand for renewable energy solutions in these regions. This division's performance is indicative of SPI Energy's strong market presence and its ability to leverage local market dynamics effectively,\" the company said. Press Release. Shares +8% at 64 cents premarket.   More on SPI Energy  SPI Energy issues $2.2M convertible promissory note with $1.10 per share conversion price Seeking Alpha’s Quant Rating on SPI Energy Historical earnings data for SPI Energy Financial information for SPI Energy","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2406379514"}