Is it Time to Dump Pineapple Energy Inc (PEGY) Stock After it Has Risen 3.93% in a Week?

The market has been high on Pineapple Energy Inc (PEGY) stock recently. PEGY gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Pineapple Energy Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PEGY!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With PEGY Stock Today?

Pineapple Energy Inc (PEGY) stock is lower by -8.42% while the S&P 500 has gained 0.32% as of 1:11 PM on Tuesday, Aug 16. PEGY is down -$0.34 from the previous closing price of $4.04 on volume of 168,000 shares. Over the past year the S&P 500 is lower by -3.77% while PEGY is down -86.73%. PEGY earned $2.16 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 1.71. To screen for more stocks like Pineapple Energy Inc click here.

More About Pineapple Energy Inc

Pineapple Energy Inc provides households with sustainable solar energy, back-up power and security, control and predictability, and cost savings. It provides a full range of installation services, including the design, engineering, procurement, permitting, construction, grid connection, warranty, monitoring and maintenance of residential solar energy systems. The company also offers battery storage to customers in select markets and serves a limited number of enterprise customers. Click Here to get the full Stock Report for Pineapple Energy Inc stock.