Northland Capital Markets Initiates Pineapple Energy (PEGY) at Outperform, 'U.S. resi solar market is ripe for a rollup'
Get Alerts PEGY Hot Sheet
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
Join SI Premium – FREE
Northland Capital Markets analyst Donovan Schafer starts coverage on Pineapple Energy (NASDAQ: PEGY) at Outperform with a price target of $5.70.
The analyst comments "We initiate on PEGY with an OP rating based on our view that the U.S. resi solar market is ripe for a rollup, and that PEGY's management is wellqualified to undertake this kind of operation in ways that can generate attractive returns to investors. We also like management's decision to make customer-centricity the unifying theme across its subsidiaries, as this is an aspect of corporate culture that can scale while enabling both decentralized decision-making and mission-orientated focus."
For an analyst ratings summary and ratings history on Pineapple Energy click here. For more ratings news on Pineapple Energy click here.
Shares of Pineapple Energy closed at $3.03 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Singular Research Starts Citizens Inc. (CIA) at Buy-Long Term, 'Proven Distribution Growth'
- HSBC Downgrades Anglo American Platinum Limited (AMS:SJ) (ANGPY) to Reduce
- BofA Securities Upgrades Tesla (TSLA) to Buy on wind up of positive catalysts
Create E-mail Alert Related Categories
Analyst Comments, Hot Comments, Hot New Coverage, New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!