Pineapple Energy (NASDAQ:PEGY) Trading 4.9% Higher – Here’s What Happened

Pineapple Energy Inc. (NASDAQ:PEGY)’s share price traded up 4.9% during trading on Friday . The stock traded as high as $1.37 and last traded at $1.28. 327,167 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 730,629 shares. The stock had previously closed at $1.22.

Pineapple Energy Stock Up 2.3%

The firm has a 50-day moving average price of $1.67 and a 200 day moving average price of $1.40. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.47 and a quick ratio of 0.36. The company has a market cap of $2.47 million, a price-to-earnings ratio of -0.01 and a beta of 2.81.

Pineapple Energy Company Profile

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.