In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), SPI Energy Co Ltd (OTCMKTS:SOPW) reported that Qian Kun Prosperous Times Investment Ltd has picked up 80,000,000 of common stock as of 2017-07-18.
The acquisition brings the aggregate amount owned by Qian Kun Prosperous Times Investment Ltd to a total of 80,000,000 representing a 11.1% in the company.
For those not familiar with the company, SPI Energy Co., Ltd, formerly SPI Energy Co Ltd (OTCMKTS:SOPW) is a United States-based company, which offers photovoltaic (PV) solutions for business, residential, government and utility customers and investors. The Company provides a range of engineering, procurement and construction (EPC) services to third-party project developers. It is also engaged in the development, manufacture and marketing of various PV modules. It also provides a range of long-term operations and maintenance (O&M) services over the anticipated life of a solar project for third-party developers, including performance monitoring, system reporting, preventative maintenance and warranty support. It procures PV modules and other equipment for project construction from independent suppliers and contracts work to third-party EPC contractors in areas, such as logistics, installation, construction and supervision. It operates an online energy e-commerce and investment platform, www.solarbao.com..
A glance at SPI Energy Co Ltd. (OTCMKTS:SOPW)’s key stats reveals a current market capitalization of 1.02 Billion based on 627.82 Million shares outstanding and a price at last close of $1.67 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2012-06-27, Ldk picked up 9,771,223 at a purchase price of $0.45. This brings their total holding to 141,517,570 as of the date of the filing.
On the sell side, the most recent transaction saw Ferrell unload 95,000 shares at a sale price of $1.15. This brings their total holding to 1,110,800.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on SPI Energy Co Ltd (OTCMKTS:SOPW) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.