Why Pineapple Energy (PEGY) Stock Is Down 21%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 22 2024
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Source: Benzinga
Pineapple Energy Inc Stock Performance: Pineapple Energy Inc (PEGY) shares fell by 21.9% to $5.13 after announcing a market offering agreement with Roth Capital Partners for up to $10 million in common stock sales.
Market Offering Details: The company can sell shares at any time through "At The Market" offerings, with no obligation to sell and a commission of 3% to Roth Capital on sales, along with capped legal cost reimbursements.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
