What's Going On With Pineapple Energy Shares Thursday?
Portfolio Pulse from Dylan Berman
Pineapple Energy Inc. (NASDAQ:PEGY) shares are trading higher after its subsidiary, SUNation Energy, announced a partnership with Empire Automotive to provide complimentary Level 2 EV charging stations at Empire's dealerships. This initiative aims to simplify the EV buying process by offering local charging solutions.
October 10, 2024 | 5:17 pm
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Pineapple Energy's stock is up due to a new partnership between its subsidiary SUNation Energy and Empire Automotive, offering free EV charging stations at dealerships.
The partnership with Empire Automotive is a strategic move that enhances Pineapple Energy's market presence in the EV sector. By providing complimentary charging stations, the company addresses a key pain point for EV buyers, potentially increasing demand for its services. This positive development is reflected in the stock's upward movement.
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