SHANGHAI, Jan. 15, 2016 /PRNewswire/ -- SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (OTCBB: SRGYY), a global provider of photovoltaic (PV) solutions for business, residential, government, utility customers and investors, today announced that its application to list the Company's American depositary shares on the Nasdaq Global Select Market has been approved by Nasdaq.
The Company expects its American depositary shares to commence trading on January 19, 2016 under the ticker symbol "SPI". Upon commencement of trading on Nasdaq Global Select Market, the Company's American depositary shares will cease to trade on the OTC Markets.
SPI Energy has a growing portfolio of solar power projects and investments and is benefiting from strong demand for green energy solutions globally, especially in China. In January 2015, SPI Energy launched an innovative e-commerce and investment platform, Solarbao.com, which has already provided Chinese investors with access to more than 100 green energy projects and financing products, bringing new financing solutions to China's ambitious target of 100 gigawatts of solar PV installations by 2020 as outlined by China's National Energy Administration.
"This move to the Nasdaq Global Select Market, which has one of the highest listing standards in world, is a reflection of the strength of the Company, the tremendous growth opportunities ahead and our continued commitment to our shareholders," said Xiaofeng Peng, Chairman of SPI Energy. "We are pleased to be joining many of the world's largest and most revolutionary companies already trading on this exchange. This is an important milestone for us and speaks to the innovative spirit of our team as we transition SPI Energy to become a truly global green energy Internet company."
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors. SPI Energy focuses on the downstream PV market including the development, financing, installation, operation and sale of utility-scale and residential solar power projects in China, Japan, Europe and North America. The Company operates an innovative online energy e-commerce and investment platform, www.solarbao.com, which enables individual and institutional investors to purchase innovative PV-based investment and other products; as well as www.solartao.com, a B2B e-commerce platform offering a range of PV products for both upstream and downstream suppliers and customers. The Company has its operating headquarters in Shanghai and maintains global operations in Asia, Europe, North America and Australia.
Safe Harbor Statement
This release contains certain "forward-looking statements." These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. All forward-looking statements included in this release are based upon information available to the Company as of the date of this release, which may change, and the Company undertakes no obligation to update or revise any forward-looking statements, except as may be required under applicable securities law.
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SOURCE Solar Power, Inc.