Pineapple Energy Inc. (NASDAQ:PEGY – Free Report)’s stock is going to reverse split on Thursday, October 17th. The 1-50 reverse split was announced on Tuesday, October 15th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, October 16th.
Pineapple Energy Stock Performance
PEGY traded down $0.02 during midday trading on Tuesday, hitting $0.10. 19,066,266 shares of the company traded hands, compared to its average volume of 5,756,143. Pineapple Energy has a 52-week low of $0.10 and a 52-week high of $14.70. The business has a 50 day simple moving average of $0.50 and a two-hundred day simple moving average of $1.15.
Pineapple Energy (NASDAQ:PEGY – Get Free Report) last posted its quarterly earnings data on Monday, August 19th. The company reported ($1.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.70) by $1.59. The business had revenue of $13.55 million for the quarter, compared to the consensus estimate of $20.90 million. Pineapple Energy had a negative net margin of 15.13% and a negative return on equity of 193.08%.
Hedge Funds Weigh In On Pineapple Energy
About Pineapple Energy
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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