Pineapple Energy Inc. (NASDAQ:PEGY) Director Sells $10,500.00 in Stock

Pineapple Energy Inc. (NASDAQ:PEGYGet Free Report) Director Scott Honour sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $0.21, for a total transaction of $10,500.00. Following the completion of the sale, the director now owns 1,075,418 shares of the company’s stock, valued at approximately $225,837.78. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Pineapple Energy Trading Down 7.9 %

Pineapple Energy stock opened at $0.15 on Friday. The firm has a 50-day moving average price of $0.10 and a 200-day moving average price of $0.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.49 and a current ratio of 0.63. Pineapple Energy Inc. has a 12-month low of $0.04 and a 12-month high of $1.53.

Pineapple Energy (NASDAQ:PEGYGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). Pineapple Energy had a negative net margin of 6.18% and a negative return on equity of 22.83%. The company had revenue of $13.22 million for the quarter, compared to the consensus estimate of $18.90 million. During the same quarter in the previous year, the business earned ($0.26) EPS. Research analysts expect that Pineapple Energy Inc. will post -0.76 EPS 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 holdings in Pineapple Energy Inc. (NASDAQ:PEGYFree Report) by 186.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 4.21% of the company’s stock.

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.

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