What's Going On With Pineapple Energy (PEGY) Stock?
Portfolio Pulse from Henry Khederian
Pineapple Energy Inc (NASDAQ:PEGY) shares dropped by 24.4% to $0.14 following the resignation of CEO Kyle Udseth. Scott Maskin, founder of SUNation Energy, will serve as Interim CEO. The company aims to restore shareholder value.
May 21, 2024 | 5:54 pm
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Pineapple Energy Inc (NASDAQ:PEGY) shares fell by 24.4% to $0.14 following the immediate resignation of CEO Kyle Udseth. Scott Maskin, founder of SUNation Energy, will serve as Interim CEO. The company is focused on restoring shareholder value.
The sudden resignation of the CEO has caused significant volatility and a sharp decline in the stock price. The appointment of an interim CEO with industry experience may stabilize the situation, but the immediate impact is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100