(24/7 MARKET NEWS) – We started covering Pineapple Energy Inc. (NASDAQ: PEGY) last week and reported it finally broke through the $5 level, after several which is failed to do on its previous attempts, yesterday and last week.
Pineapple Energy is at $5.87, up $0.87 (+17.40%), on volume of over 1.5 million shares traded in this morning’s premarket.
Its 52-week range is $0.7601 to 34.20 and Pineapple Energy is now trading in a range that it hasn’t seen since March. If buying volume remains strong, it has an opportunity to break through weaker resistance points to the $8 level.
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