Scott Honour Sells 50,000 Shares of Pineapple Energy Inc. (NASDAQ:PEGY) Stock

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

Pineapple Energy Stock Down 7.9 %

Shares of NASDAQ PEGY opened at $0.15 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $0.10 and a two-hundred day moving average of $0.28. Pineapple Energy Inc. has a 1 year low of $0.04 and a 1 year high of $1.53.

Pineapple Energy (NASDAQ:PEGYGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). Pineapple Energy had a negative return on equity of 22.83% and a negative net margin of 6.18%. The business had revenue of $13.22 million for the quarter, compared to analysts’ expectations of $18.90 million. During the same period last year, the firm earned ($0.26) earnings per share. Research analysts anticipate that Pineapple Energy Inc. will post -0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Pineapple Energy

A hedge fund recently bought a new stake in Pineapple Energy stock. Anson Funds Management LP acquired a new stake in Pineapple Energy Inc. (NASDAQ:PEGYFree Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,200,000 shares of the company’s stock, valued at approximately $150,000. Anson Funds Management LP owned approximately 3.43% of Pineapple Energy at the end of the most recent quarter. Hedge funds and other institutional investors 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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