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Sept. 24, 2020, 8:32 a.m. EDT

SPI Energy's stock adds to previous day's rocket ride, as Sunworks' stock also soars

Shares of SPI Energy Co. Ltd. (NAS:SPI) soared 54% in premarket trading, but that paled in comparison to the 1,236.5% rocket ride on massive volume in the previous session. The stock had run up as much as 4,154% intraday on Wednesday, before paring gains, after the company, which offers photovoltaic solutions for business, residential, government and utility customers, said it was starting an electric-vehicle subsidiary, as MarketWatch's Mark DeCambre reported. The stock's trading volume about an hour ahead of Thursday's open was 2.5 million shares; on Wednesday, volume was 348.3 million shares. Meanwhile, shares of Sunworks Inc. (NAS:SUNW) , which also makes photovoltaic-based power systems, shot up 353% on volume of 17.5 million shares in Thursday's premarket, after climbing 50.4% on volume of 110.5 million shares on Wednesday. The stocks' rallies premarket comes while futures (CME:ES00) for the S&P 500 (S&P:SPX) are slipping 0.3%.

Link to MarketWatch's Slice.