Pineapple Energy Inc. (NASDAQ:PEGY) Director Purchases $20,212.50 in Stock

Pineapple Energy Inc. (NASDAQ:PEGYGet Free Report) Director Roger Hd Lacey bought 12,250 shares of Pineapple Energy stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average cost of $1.65 per share, for a total transaction of $20,212.50. Following the acquisition, the director now owns 17,009 shares of the company’s stock, valued at $28,064.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Pineapple Energy Price Performance

Shares of NASDAQ:PEGY opened at $1.30 on Monday. Pineapple Energy Inc. has a 52 week low of $0.62 and a 52 week high of $21.45. The company’s 50 day moving average is $1.60 and its two-hundred day moving average is $3.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.63 and a quick ratio of 0.49.

Pineapple Energy (NASDAQ:PEGYGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported ($3.90) EPS for the quarter, missing the consensus estimate of ($3.00) by ($0.90). The business had revenue of $13.22 million during the quarter, compared to analysts’ expectations of $18.90 million. Pineapple Energy had a negative net margin of 6.18% and a negative return on equity of 22.83%. During the same period last year, the company earned ($3.90) EPS. On average, analysts expect that Pineapple Energy Inc. will post -11.39 earnings per share for the current year.

Institutional Investors Weigh In On Pineapple Energy

A hedge fund recently raised its stake in Pineapple Energy stock. Coldstream Capital Management Inc. grew its stake in shares of Pineapple Energy Inc. (NASDAQ:PEGYFree Report) by 186.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 280,812 shares of the company’s stock after purchasing an additional 182,812 shares during the quarter. Coldstream Capital Management Inc. owned approximately 2.80% of Pineapple Energy worth $166,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 4.21% of the company’s stock.

Pineapple Energy Company Profile

(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.

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