(Bloomberg) — The hunt for renewable energy stocks sent one obscure firm soaring more than 4,000% in a single day, albeit with a tiny amount of shares on the market.SPI Energy Co. jumped after launching a unit, EdisonFuture, to design and develop electric vehicles and charging solutions Wednesday. The stock gained 1,237% to $14 per share Tuesday and triggered at least seven volatility trading halts over four hours.The company has about 14.8 million shares outstanding, along with a float of about 7.4 million, according to data compiled by Bloomberg. Trading volume Wednesday topped 300 million shares, nearly 700 times its …read more
Source:: Yahoo Finance
