Last Updated: 17 Sep 2024
Executive Summary
Pineapple Holdings Inc. (PEGY) is a solar energy company that has been facing financial challenges. The company's stock price has fallen significantly in recent years, and it is currently trading at $0.15. Analysts are divided on the company's future prospects, with some believing that it has the potential to turn around its business, while others believe that it is a risky investment.
Company Overview
Pineapple Holdings Inc. is a provider of photovoltaic solar energy systems to homeowners in the United States. The company was founded in 2009 and is headquartered in Minnetonka, Minnesota. Pineapple Holdings Inc. has a market capitalization of $127.89 million and employs approximately 1,000 people.
Fundamental Analysis
Pineapple Holdings Inc.'s financial performance has been weak in recent years. The company has reported losses in each of the past four quarters, and its revenue has declined by over 30% during that time. The company's gross profit margin is also negative, indicating that it is not able to cover its costs of goods sold.
Pineapple Holdings Inc.'s financial ratios are also weak. The company has a negative book value, a negative return on assets, and a negative return on equity. These ratios indicate that the company is not using its assets or equity efficiently.
Technical Analysis
Pineapple Holdings Inc.'s stock price has been in a downtrend for the past several years. The stock price is currently trading below its 50-day and 200-day moving averages, which is a bearish technical indicator. The stock price is also below its 52-week low of $0.14.
Short Term Outlook
Analysts are divided on the short-term outlook for Pineapple Holdings Inc. Some analysts believe that the company's stock price could rebound in the near term, while others believe that the stock price could continue to decline. The company's financial performance and technical indicators are both weak, which suggests that the stock price could continue to decline in the near term.
Long Term Outlook
Analysts are also divided on the long-term outlook for Pineapple Holdings Inc. Some analysts believe that the company has the potential to turn around its business and become a profitable company, while others believe that the company is a risky investment. The company's financial performance and technical indicators are both weak, which suggests that the company could face challenges in the long term.
Analyst Recommendations
Analysts have mixed opinions on Pineapple Holdings Inc. One analyst has a hold rating on the stock, while another analyst has a sell rating on the stock. The average analyst rating for Pineapple Holdings Inc. is hold.
