Pineapple Energy Inc jumps on higher Q3 revenue

Sunation Energy

15/11/2022 18:25

** Shares of solar utility firm Pineapple Energy Inc
 PEGY.O  rise as high as 56% to $3.67
    ** Company says Q3 revenue jumps 31% to $7.7 mln from Q2
 urn:newsml:reuters.com:*:nGNX4KMRxk
    ** PEGY's battery capacity sold in Q3 more than doubles vs
last year
    ** Company says Q3 adj EBITDA loss narrows to $1.05 mln,
from $1.83 mln in Q2
    ** PEGY says previously announced deal to buy SUNation will
increase company's revenue Q4 onwards
    ** Including session's gains, stock down 66.6% YTD
 (Reporting by Sourasis Bose in Bengaluru)
 ((sourasis.bose@thomsonreuters.com))