Should I buy or sell Pineapple Energy stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pineapple Energy in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PEGY shares. View PEGY analyst ratings or view top-rated stocks .

What is Pineapple Energy's stock price target for 2024?

2 Wall Street research analysts have issued 1 year price targets for Pineapple Energy's shares. Their PEGY share price targets range from $2.50 to $5.50. On average, they predict the company's share price to reach $4.00 in the next twelve months. This suggests a possible upside of 545.2% from the stock's current price. View analysts price targets for PEGY or view top-rated stocks among Wall Street analysts .

How have PEGY shares performed in 2023?

Pineapple Energy's stock was trading at $2.33 at the beginning of the year. Since then, PEGY stock has decreased by 73.4% and is now trading at $0.62. View the best growth stocks for 2023 here .

Are investors shorting Pineapple Energy?

Pineapple Energy saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 70,800 shares, an increase of 95.6% from the October 31st total of 36,200 shares. Based on an average daily trading volume, of 74,800 shares, the short-interest ratio is currently 0.9 days. Approximately 1.2% of the company's shares are short sold. View Pineapple Energy's Short Interest .

When is Pineapple Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 4th 2024. View our PEGY earnings forecast .

How do I buy shares of Pineapple Energy?

Shares of PEGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Pineapple Energy Stock Price, News & Analysis (NASDAQ:PEGY)

$0.62

-0.04 (-6.06%)

(As of 11/30/2023 ET)

Compare

Today's Range: $0.61
▼
$0.68
50-Day Range: $0.59
▼
$0.97
52-Week Range: $0.57
▼
$3.08

Volume: 45,483 shs
Average Volume: 103,475 shs
Market Capitalization: $6.22 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.00

Pineapple Energy MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 545.2% Upside
$4.00 Price Target
Short Interest: Healthy
1.23% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.55
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.55) to ($0.17) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Pineapple Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.00, Pineapple Energy has a forecasted upside of 545.2% from its current price of $0.62.
Amount of Analyst Coverage
Pineapple Energy has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.23% of the float of Pineapple Energy has been sold short.
Short Interest Ratio / Days to Cover
Pineapple Energy has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Pineapple Energy has recently increased by 95.58%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Pineapple Energy does not currently pay a dividend.
Dividend Growth
Pineapple Energy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PEGY.

2.0

News and Social Media Coverage

News Sentiment
Pineapple Energy has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Pineapple Energy this week, compared to 1 article on an average week.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pineapple Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
12.30% of the stock of Pineapple Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 6.89% of the stock of Pineapple Energy is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Pineapple Energy are expected to grow in the coming year, from ($0.55) to ($0.17) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pineapple Energy is -0.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pineapple Energy is -0.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Pineapple Energy has a P/B Ratio of 0.28. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Pineapple Energy Stock (NASDAQ:PEGY)

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. It primarily serves residential homeowners, as well as commercial owners, other municipal customers, energy services companies, and other utilities. Pineapple Energy Inc. was founded in 1969 and is based in Minnetonka, Minnesota.

PEGY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PEGY Stock News Headlines

November 29, 2023 | msn.com

Uncovering the Nutritional Benefits of Pineapple: A Guide from Nutrition Professionals

November 25, 2023 | benzinga.com

Pineapple Energy Stock (NASDAQ:PEGY) Dividends: History, Yield and Dates

November 30, 2023 | Tomorrow Investor (Ad)

Why Microsoft Just Placed A Huge Bet On Nuclear

Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.

November 11, 2023 | finance.yahoo.com

Pineapple Energy Inc. (NASDAQ:PEGY) Q3 2023 Earnings Call Transcript

November 11, 2023 | finance.yahoo.com

Q3 2023 Pineapple Energy Inc Earnings Call

November 9, 2023 | finance.yahoo.com

Pineapple Energy Reports Third Quarter 2023 Financial Results

November 1, 2023 | finance.yahoo.com

Pineapple Energy to Release Third Quarter 2023 Results, Host Conference Call on November 10

October 27, 2023 | msn.com

People Are Eating Pineapple To Fall Asleep Faster—and Science Says It Works

November 30, 2023 | Tomorrow Investor (Ad)

Why Microsoft Just Placed A Huge Bet On Nuclear

Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.

October 7, 2023 | msn.com

Northland Capital Markets Maintains Pineapple Energy (PEGY) Outperform Recommendation

October 5, 2023 | finance.yahoo.com

Pineapple Energy’s E-Gear First to Integrate Testing on the Bring Your Own Device Program

October 2, 2023 | yahoo.com

13 Ways To Use Canned Pineapple

September 29, 2023 | finance.yahoo.com

Pineapple Energy Applauds Extension of Battery Bonus Program on Oahu

September 25, 2023 | finance.yahoo.com

Pineapple Energy Announces Expansion to Florida

September 18, 2023 | finance.yahoo.com

Pineapple Energy Announces Payment to CVR Holders of $1.25 per CVR

September 7, 2023 | barrons.com

Pineapple Energy Inc.

August 25, 2023 | finance.yahoo.com

Pineapple Energy to Participate at the Roth Solar & Storage Symposium

August 12, 2023 | finance.yahoo.com

Q2 2023 Pineapple Energy Inc Earnings Call

August 4, 2023 | finance.yahoo.com

Pineapple Energy to Release Second Quarter 2023 Results, Host Conference Call on August 11

July 8, 2023 | bbc.com

'Pineapple Express' winter storm pummels California

July 7, 2023 | finance.yahoo.com

Pineapple Energy Reports Sale of Substantially All of the Assets of Legacy Subsidiaries JDL Technologies, Incorporated and Ecessa Corporation

July 3, 2023 | msn.com

Uncovering the Truth About Pineapple: Health Risks and Benefits Explored by Experts

June 1, 2023 | finance.yahoo.com

Pineapple Energy Closes Debt Financing with Decathlon Capital Partners

June 1, 2023 | finance.yahoo.com

Pineapple Energy to Attend Upcoming Investor Conference

May 16, 2023 | msn.com

EF Hutton Reiterates Pineapple Energy (PEGY) Buy Recommendation

May 14, 2023 | finance.yahoo.com

Pineapple Energy First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

May 12, 2023 | finance.yahoo.com

Pineapple Energy (PEGY) Reports Q1 Loss, Tops Revenue Estimates

See More Headlines

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Company Calendar

Today: 11/30/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 4/04/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Telephone & telegraph apparatus
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:PEGY
CUSIP: N/A
CIK: 22701
Web: www.commsystems.com
Phone: (952) 996-1674
Fax: 952-941-2322
Employees: 255
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.00
High Stock Price Target: $5.50
Low Stock Price Target: $2.50
Potential Upside/Downside: +545.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.50)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-10,350,000.00
Net Margins: -17.91%
Pretax Margin: -7.48%
Return on Equity: -17.39%
Return on Assets: -6.20%

Debt

Debt-to-Equity Ratio: 0.61
Current Ratio: 0.85
Quick Ratio: 0.64

Sales & Book Value

Annual Sales: $77.37 million
Price / Sales: 0.08
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.18 per share
Price / Book: 0.28

Miscellaneous

Outstanding Shares: 10,034,000
Free Float: 8,800,000
Market Cap: $6.22 million
Optionable: Not Optionable
Beta: 2.70

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Key Executives

Mr. Kyle Udseth (Age 42)
CEO & Director
Comp: $475.74k
Mr. Eric Ingvaldson (Age 42)
Chief Financial Officer
Comp: $224.12k
Ms. Kristin A. Hlavka (Age 41)
Corporate Controller
Comp: $307.77k
Mr. James Brennan
Senior Vice President of Corporate Development

Key Competitors

View All Competitors

PEGY Stock Analysis - Frequently Asked Questions

Should I buy or sell Pineapple Energy stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pineapple Energy in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PEGY shares.
View PEGY analyst ratings or view top-rated stocks.
What is Pineapple Energy's stock price target for 2024?: 2 Wall Street research analysts have issued 1 year price targets for Pineapple Energy's shares. Their PEGY share price targets range from $2.50 to $5.50. On average, they predict the company's share price to reach $4.00 in the next twelve months. This suggests a possible upside of 545.2% from the stock's current price.
View analysts price targets for PEGY or view top-rated stocks among Wall Street analysts.
How have PEGY shares performed in 2023?: Pineapple Energy's stock was trading at $2.33 at the beginning of the year. Since then, PEGY stock has decreased by 73.4% and is now trading at $0.62.
View the best growth stocks for 2023 here.
Are investors shorting Pineapple Energy?: Pineapple Energy saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 70,800 shares, an increase of 95.6% from the October 31st total of 36,200 shares. Based on an average daily trading volume, of 74,800 shares, the short-interest ratio is currently 0.9 days. Approximately 1.2% of the company's shares are short sold.
View Pineapple Energy's Short Interest.

When is Pineapple Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 4th 2024.
View our PEGY earnings forecast.
How do I buy shares of Pineapple Energy?: Shares of PEGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:PEGY) was last updated on 11/30/2023 by MarketBeat.com Staff

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