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Pineapple Energy Inc - PEGY STOCK NEWS

Welcome to our dedicated news page for Pineapple Energy (Ticker: PEGY), a resource for investors and traders seeking the latest updates and insights on Pineapple Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pineapple Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pineapple Energy's position in the market.

Rhea-AI Summary
Pineapple Energy Inc. reacts to the EPA's announcement of $7 billion Solar for All awards, highlighting the importance of expanding solar accessibility to underserved communities. The EPA's grants aim to benefit over 900,000 households nationwide, with selectees including NYSERDA and HGIA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20%
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Rhea-AI Summary
Pineapple Energy Inc. urges shareholders to vote FOR the reverse stock split and increase in authorized shares to maintain Nasdaq listing status and facilitate fundraising efforts. Failure to approve may lead to delisting and hinder business development initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.37%
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Rhea-AI Summary
Pineapple Energy Inc. (NASDAQ: PEGY) extends CVR agreement to December 31, 2024, following the merger with Communications Systems Inc. The agreement involves the distribution of contingent value rights to CSI shareholders, allowing them to receive proceeds from the disposition of pre-merger assets. The extension is due to delays in the disposition process, with no confirmed timeline for cash distribution to CVR holders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.76%
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none
Rhea-AI Summary
Pineapple Energy Inc. (NASDAQ: PEGY) reports a strong Q4 2023 with revenue up 13% and gross profit up 10% from Q4 2022. Operating expenses decreased by 8%, and operating loss decreased by 34%. Net loss from continuing operations decreased by 91%. Pro forma adjusted EBITDA increased by 222%. Positive cash flow from operations in Q4 2023 was $157,937. CEO Kyle Udseth and CFO Eric Ingvaldson express optimism for 2024 despite challenges in the residential solar industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.76%
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Rhea-AI Summary
Pineapple Energy Inc. (NASDAQ: PEGY) will host a conference call to discuss its Q4 and full year 2023 financial results on March 28, 2024. The press release will be available on the company's website after the market close.
Rhea-AI Impact
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End-of-Day
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Rhea-AI Summary
Pineapple Energy Inc. (NASDAQ: PEGY) CEO and CFO attending Bank of America's 2024 Power, Utilities and Clean Energy Conference in New York City, NY.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.59%
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none
Rhea-AI Summary
Pineapple Energy Inc. has entered into a definitive agreement with investors for the purchase and sale of 2,702,703 shares of the Company’s common stock at a purchase price of $0.37 per share in a registered direct offering. The gross proceeds to Pineapple from the offering are expected to be approximately $1.0 million. This move is aimed at raising funds for the Company's sustainable solar energy and back-up power services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-48.89%
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Rhea-AI Summary
Pineapple Energy Inc. (NASDAQ: PEGY) attended Bank of America’s 2023 Renewables Conference and will be attending Janney’s Clean Energy Investment Symposium. The symposium will feature expert speakers, thematic panels, networking events, and the opportunity to meet with investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.08%
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Rhea-AI Summary
Pineapple Energy Inc. (NASDAQ: PEGY) reported a 211% revenue increase and 401% gross profit increase from Q3 2022. Operating expenses rose 125%, but net loss from continuing operations decreased 8%. Pro forma adjusted EBITDA was up 156%, and positive cash flow from operations reached $869,851. The company maintains its 2023 revenue guidance of $80-$85 million and positive adjusted EBITDA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.84%
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Rhea-AI Summary
Pineapple Energy Inc. will host a conference call on November 10 to discuss its third quarter 2023 financial results. The company will release its results on November 9 and provide a press release on its website.
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Pineapple Energy Inc

Nasdaq:PEGY

PEGY Rankings

PEGY Stock Data

3.38M
62.90M
5.99%
1.21%
0.7%
Telephone Apparatus Manufacturing
Manufacturing
Link
United States
Minnetonka