Pineapple Energy Reports Sale Of Substantially All Assets Of Legacy Non-core Subsidiaries JDL Technologies & Ecessa; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Pineapple Energy has announced the sale of substantially all assets of its non-core subsidiaries, JDL Technologies and Ecessa, to OneNet Global. The transaction was closed on June 30, 2023. The terms of the deal were not disclosed.

July 07, 2023 | 11:05 am
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NEUTRAL IMPACT
Pineapple Energy's sale of assets from non-core subsidiaries could potentially streamline its operations and focus on core business, but the undisclosed terms make it difficult to assess the financial impact.
The sale of non-core assets can often be a positive move for a company as it allows them to focus on their main business. However, without knowing the terms of the deal, it's hard to say how this will impact Pineapple Energy's financials in the short term. Therefore, the score is neutral.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100