Pineapple Energy Inc. (NASDAQ:PEGY – Get Rating) – Analysts at Northland Capmk decreased their Q2 2023 earnings per share estimates for Pineapple Energy in a research report issued on Thursday, May 18th. Northland Capmk analyst D. Schafer now expects that the company will post earnings of ($0.05) per share for the quarter, down from their previous forecast of ($0.03). The consensus estimate for Pineapple Energy’s current full-year earnings is ($0.22) per share. Northland Capmk also issued estimates for Pineapple Energy’s Q3 2023 earnings at ($0.03) EPS, Q4 2023 earnings at $0.01 EPS, FY2023 earnings at ($0.22) EPS and FY2024 earnings at $0.27 EPS.
Pineapple Energy (NASDAQ:PEGY – Get Rating) last announced its quarterly earnings data on Thursday, March 30th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.01 by $0.11. Pineapple Energy had a negative return on equity of 8.54% and a negative net margin of 20.86%. The business had revenue of $17.18 million for the quarter, compared to the consensus estimate of $15.00 million.
Pineapple Energy Price Performance
Shares of Pineapple Energy stock opened at $1.40 on Monday. The stock’s 50-day simple moving average is $1.43 and its 200-day simple moving average is $1.95. Pineapple Energy has a 52 week low of $0.76 and a 52 week high of $7.54. The company has a market capitalization of $13.93 million, a price-to-earnings ratio of -1.09 and a beta of 2.59. The company has a quick ratio of 0.77, a current ratio of 1.01 and a debt-to-equity ratio of 0.33.
Institutional Investors Weigh In On Pineapple Energy
Hedge funds have recently made changes to their positions in the company. Coldstream Capital Management Inc. purchased a new stake in shares of Pineapple Energy in the fourth quarter worth about $42,000. Millennium Management LLC bought a new stake in Pineapple Energy during the second quarter worth approximately $44,000. Two Sigma Securities LLC bought a new stake in Pineapple Energy during the first quarter worth approximately $31,000. DekaBank Deutsche Girozentrale bought a new stake in Pineapple Energy during the first quarter worth approximately $37,000. Finally, Virtu Financial LLC bought a new stake in Pineapple Energy during the first quarter worth approximately $49,000.
Pineapple Energy Company Profile
Pineapple Energy, Inc is focused on local and regional solar, storage, and energy services companies nationwide. The firm’s vision is to power the energy transition through the grass-roots growth of solar electricity paired with battery storage. Its portfolio of brands, including SUNation, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power, provides homeowners and small businesses with an end-to-end product offering spanning solar, battery storage, and grid services.
- Get a free copy of the StockNews.com research report on Pineapple Energy (PEGY)
- MarketBeat Week in Review – 5/15 – 5/19
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
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.