Pineapple Energy Provides Update On The Performance On Its Business Activities, Says "Over Time, Restructuring Efforts Across Q2 Will Bear Fruit As Overhead Is Reduced, & OpEx Is Driven Lower"; Number Of Material Commercial Projects That Had Been Delayed In H1 2024 Now Fully Underway
Portfolio Pulse from Benzinga Newsdesk
Pineapple Energy Inc. (NASDAQ:PEGY) has announced that its restructuring efforts in Q2 are expected to reduce overhead and operational expenses over time. Additionally, several commercial projects that were delayed in the first half of 2024 are now fully underway.
August 26, 2024 | 8:15 pm
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Pineapple Energy's restructuring efforts in Q2 are expected to lower overhead and operational expenses, while previously delayed commercial projects are now progressing.
The company's restructuring efforts are aimed at reducing costs, which is a positive sign for future profitability. Additionally, the progress on delayed projects indicates potential revenue growth. These factors are likely to positively impact the stock price in the short term.
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