Pineapple Energy (PEGY) to Release Earnings on Thursday

Pineapple Energy (NASDAQ:PEGYGet Free Report) will be posting its quarterly earnings results after the market closes on Thursday, November 9th. Analysts expect Pineapple Energy to post earnings of ($0.08) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Pineapple Energy (NASDAQ:PEGYGet Free Report) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. The business had revenue of $19.84 million during the quarter, compared to the consensus estimate of $22.40 million. Pineapple Energy had a negative return on equity of 16.74% and a negative net margin of 20.99%. On average, analysts expect Pineapple Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Pineapple Energy Price Performance

Shares of NASDAQ PEGY opened at $0.74 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.89. The company has a market cap of $7.42 million, a PE ratio of -0.46 and a beta of 2.70. The business has a 50-day simple moving average of $0.88 and a two-hundred day simple moving average of $1.16. Pineapple Energy has a fifty-two week low of $0.70 and a fifty-two week high of $3.67.

Wall Street Analysts Forecast Growth

Separately, Northland Securities reduced their price objective on Pineapple Energy from $3.70 to $2.50 and set an “outperform” rating for the company in a research note on Thursday, October 5th.

Get Our Latest Stock Report on PEGY

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Millennium Management LLC raised its stake in shares of Pineapple Energy by 67.9% in the fourth quarter. Millennium Management LLC now owns 45,622 shares of the company’s stock worth $106,000 after purchasing an additional 18,446 shares during the last quarter. Two Sigma Securities LLC purchased a new position in Pineapple Energy during the first quarter valued at approximately $31,000. Renaissance Technologies LLC raised its position in Pineapple Energy by 19.3% during the third quarter. Renaissance Technologies LLC now owns 158,776 shares of the company’s stock valued at $138,000 after acquiring an additional 25,707 shares in the last quarter. BlackRock Inc. purchased a new position in Pineapple Energy during the first quarter valued at approximately $218,000. Finally, Citadel Advisors LLC purchased a new position in Pineapple Energy during the third quarter valued at approximately $33,000. 6.89% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also

Earnings History for Pineapple Energy (NASDAQ:PEGY)

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