Pineapple Energy (NASDAQ:PEGY) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Pineapple Energy (NASDAQ:PEGYGet Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.06), Zacks reports. Pineapple Energy had a negative net margin of 6.18% and a negative return on equity of 14.23%. The business had revenue of $13.22 million during the quarter, compared to analysts’ expectations of $18.90 million. During the same period in the previous year, the business posted ($0.26) EPS.

Pineapple Energy Stock Down 17.0 %

PEGY stock traded down $0.01 during midday trading on Friday, hitting $0.06. The company’s stock had a trading volume of 33,366,577 shares, compared to its average volume of 66,701,320. Pineapple Energy has a 52-week low of $0.04 and a 52-week high of $1.73. The firm has a 50-day simple moving average of $0.06 and a 200-day simple moving average of $0.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.71.

About Pineapple Energy

(Get Free Report)

Pineapple Energy Inc engages in the sale, design, and installation of photovoltaic solar energy systems and battery storage systems in the United States. Its brand portfolio includes SUNation, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power. The company develops and manufactures energy management software and hardware, such as energy management control devices on solar systems that are paired with batteries.

Featured Stories

Earnings History for Pineapple Energy (NASDAQ:PEGY)

Receive News & Ratings for Pineapple Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pineapple Energy and related companies with MarketBeat.com's FREE daily email newsletter.