SPI threatened with de-listing over delinquent financials

Share

Less than a year after it rang the opening bell on the NASDAQ, SPI Energy reports that it has been given 60 days to file its second quarter 2016 results or face de-listing from the exchange.

This is the latests delay for SPI Energy, which filed its 2015 report late. This report showed losses for 2012, 2013, 2014, and a whopping US$185 million loss in 2015.

It is notable that this is happening under the leadership of a CEO who racked up billions of dollars in losses at his former company. SPI Energy CEO Xiaofeng Peng was the founder and long-time CEO of LDK Solar, which lost a truly stunning amount of money before being forced into bankruptcy in China in November 2015.

SPI Energy has also seen significant management changes throughout its year as a NASDAQ-traded company.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Daikin launches air-to-water heat pumps for single-family homes
16 December 2024 Daikin has released a line of residential heat pumps, using propane (R290) as the refrigerant, with outdoor unit dimensions of 1,122 mm x 1,330 mm x 6...