Pineapple Energy (NASDAQ:PEGY) Stock Price Down 25.2% – Here’s What Happened

Pineapple Energy Inc. (NASDAQ:PEGY) fell 25.2% during trading on Tuesday . The stock traded as low as $2.2571 and last traded at $2.37. 1,067,476 shares were traded during mid-day trading, an increase of 46% from the average session volume of 730,629 shares. The stock had previously closed at $3.17.

Pineapple Energy Trading Down 25.2%

The company has a quick ratio of 0.36, a current ratio of 0.47 and a debt-to-equity ratio of 0.71. The business’s fifty day moving average is $1.52 and its 200 day moving average is $1.39. The stock has a market cap of $4.30 million, a PE ratio of -0.01 and a beta of 2.81.

About Pineapple Energy

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.