Northland Capital Markets Initiates Pineapple Energy (PEGY) at Outperform, 'U.S. resi solar market is ripe for a rollup'

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.

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