Pineapple Energy (NASDAQ:PEGY) Shares Down 25.2% – Here’s Why

Pineapple Energy Inc. (NASDAQ:PEGY) shares dropped 25.2% on Tuesday . The company traded as low as $2.2571 and last traded at $2.37. Approximately 1,067,476 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 730,629 shares. The stock had previously closed at $3.17.

Pineapple Energy Stock Down 25.2%

The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.36 and a current ratio of 0.47. The firm has a market capitalization of $4.30 million, a price-to-earnings ratio of -0.01 and a beta of 2.81. The firm has a fifty day moving average price of $1.52 and a 200 day moving average price of $1.39.

About Pineapple Energy

Pineapple Energy (NASDAQ: PEGY) is a U.S.-based clean energy and targeted electrification company focused on delivering residential and small-commercial customers advanced energy management solutions. The company’s approach centers on integrating hardware, software and installation services to help homeowners transition from fossil fuel–based equipment to electric alternatives. Pineapple Energy positions itself as a one-stop provider for electrification, aiming to streamline the shift to electric vehicles, battery storage and other efficient electric appliances.

The company’s core offerings include a suite of smart home energy products and services such as residential electric vehicle chargers, battery backup systems, smart circuit breakers and infrared heat control devices.