Energy Stock Soars Following Key Corporate Announcement

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, July 9, 2024

A Minnesota-based energy company has found a tremendous amount of success so far on Tuesday after it announced it had engaged Conduit Capital to provide structural internal support, staffing, and assistance with capital-raising activities.

Traders were quick to jump at the opportunity as they snatched up shares of Pineapple Energy Inc. (Nasdaq:PEGY) as they pushed the price up to $2.36/share (+96.67%) at the early session high. This move could be an indication of things to come as it appears support has recently been found by this micro cap.

Pineapple Energy Inc. is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands, Hawaii Energy Connection, E-Gear, Sungevity and Horizon Solar Power, provide homeowners and small businesses with an end-to-end product offering spanning solar, battery storage, and grid services.

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