Sungevity

Pineapple Energy Reports Inducement Grants to New Senior Vice Presidents

Retrieved on: 
Thursday, November 17, 2022

Maskin and Brennanto enter into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4), Pineapples compensation committee approved grants toMessrs.

Key Points: 
  • Maskin and Brennanto enter into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4), Pineapples compensation committee approved grants toMessrs.
  • Pineapple is focused on growing leading local and regional solar, storage, and energy services companies nationwide.
  • These statements are based on Pineapple Energys current expectations or beliefs and are subject to uncertainty and changes in circumstances.
  • Pineapple Energy does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

Pineapple Energy Acquires New York-based SUNation Energy

Retrieved on: 
Thursday, November 10, 2022

MINNETONKA, Minn., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (“Pineapple,” “Pineapple Energy” or the “Company”), a leading provider of sustainable solar energy and back-up power to households and small businesses, today announced the acquisition of SUNation Energy (“SUNation”), a New York-based installer of solar and battery energy storage systems for residential and small commercial customers. The transaction closed on November 9, 2022.

Key Points: 
  • MINNETONKA, Minn., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (Pineapple, Pineapple Energy or the Company), a leading provider of sustainable solar energy and back-up power to households and small businesses, today announced the acquisition of SUNation Energy (SUNation), a New York-based installer of solar and battery energy storage systems for residential and small commercial customers.
  • SUNation Founder, CEO and Chief Fun Officer Scott Maskin added, SUNation Energy is elated to join the Pineapple Energy family.
  • SUNation Service is a division of SUNation Energy that provides a wide range of services that are necessary for maintaining a customers solar system.
  • Pineapple Energy does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

Power Purchase Agreement (PPA) Market to Advance at CAGR of 39.3% during 2022 - 2031: TMR Study

Retrieved on: 
Wednesday, October 19, 2022

Rise in solar power capacity in numerous developed and developing regions have reinforced the prospects in the segments, asserted the authors of the study in power purchase agreement (PPA) market.

Key Points: 
  • Rise in solar power capacity in numerous developed and developing regions have reinforced the prospects in the segments, asserted the authors of the study in power purchase agreement (PPA) market.
  • According to an in-depth power purchase agreement market growth forecast by analysts at TMR, corporate renewable energy procurements have made vast strides in bid to meet sustainability requirements.
  • The TMR study observed that corporate renewable energy PPAs have gathered massive momentum, thereby creating substantial revenue streams in the power purchase agreement (PPA) market.
  • Power Purchase Agreement (PPA) Market: Key Players
    The power purchase agreement (PPA) market is characterized by a fragmented competition landscape, attributed to the presence of several small as well as large players dotting the marketspace.

Power Purchase Agreement (PPA) Market to Advance at CAGR of 39.3% during 2022 - 2031: TMR Study

Retrieved on: 
Wednesday, October 19, 2022

Rise in solar power capacity in numerous developed and developing regions have reinforced the prospects in the segments, asserted the authors of the study in power purchase agreement (PPA) market.

Key Points: 
  • Rise in solar power capacity in numerous developed and developing regions have reinforced the prospects in the segments, asserted the authors of the study in power purchase agreement (PPA) market.
  • According to an in-depth power purchase agreement market growth forecast by analysts at TMR, corporate renewable energy procurements have made vast strides in bid to meet sustainability requirements.
  • The TMR study observed that corporate renewable energy PPAs have gathered massive momentum, thereby creating substantial revenue streams in the power purchase agreement (PPA) market.
  • Power Purchase Agreement (PPA) Market: Key Players
    The power purchase agreement (PPA) market is characterized by a fragmented competition landscape, attributed to the presence of several small as well as large players dotting the marketspace.

Pineapple Energy Reports Inducement Grant to New Chief Financial Officer

Retrieved on: 
Thursday, October 13, 2022

MINNETONKA, Minn., Oct. 13, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (Pineapple, Pineapple Energy or the Company), a leading provider of sustainable solar energy and back-up power to households and small businesses, announced today, as required by Nasdaq Listing Rule 5635(c)(4), that in connection with the appointment of Eric Ingvaldson as the Companys Chief Financial Officer effective October 10, 2022, Mr. Ingvaldson received a grant of an inducement award on October 11, 2022.

Key Points: 
  • MINNETONKA, Minn., Oct. 13, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (Pineapple, Pineapple Energy or the Company), a leading provider of sustainable solar energy and back-up power to households and small businesses, announced today, as required by Nasdaq Listing Rule 5635(c)(4), that in connection with the appointment of Eric Ingvaldson as the Companys Chief Financial Officer effective October 10, 2022, Mr. Ingvaldson received a grant of an inducement award on October 11, 2022.
  • Ingvaldsonto enter into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4), Pineapples compensation committee approved the grant toMr.
  • Pineapple is focused on growing leading local and regional solar, storage, and energy services companies nationwide.
  • Pineapple Energy does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

Pineapple Energy Names Eric Ingvaldson as New Chief Financial Officer

Retrieved on: 
Wednesday, September 21, 2022

MINNETONKA, Minn., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (Pineapple, Pineapple Energy or the Company), a leading provider of sustainable solar energy and back-up power to households and small businesses, announced today that Eric Ingvaldson will become the Companys Chief Financial Officer effective October 10, 2022.

Key Points: 
  • MINNETONKA, Minn., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (Pineapple, Pineapple Energy or the Company), a leading provider of sustainable solar energy and back-up power to households and small businesses, announced today that Eric Ingvaldson will become the Companys Chief Financial Officer effective October 10, 2022.
  • As Pineapples CFO, Mr. Ingvaldson will lead the Companys finance organization and financial activities including accounting, corporate development, financial reporting analysis and internal audit.
  • Mr. Ingvaldson comes to Pineapple Energy with a track record of driving financial success at multiple companies.
  • Incoming CFO Eric Ingvaldson noted, Im excited about the opportunity at Pineapple because solar will play a significant role in the future of residential energy.

Pineapple Energy Applauds Passage of Inflation Reduction Act

Retrieved on: 
Thursday, August 11, 2022

MINNETONKA, Minn., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (Pineapple or the Company), a leading provider of sustainable solar energy and back-up power to households and small businesses, today commented on the passage of the Inflation Reduction Act.

Key Points: 
  • MINNETONKA, Minn., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (Pineapple or the Company), a leading provider of sustainable solar energy and back-up power to households and small businesses, today commented on the passage of the Inflation Reduction Act.
  • This bill represents the most-significant federal climate investment in U.S. history, said Kyle Udseth, Pineapple Energy Chief Executive Officer.
  • The Inflation Reduction Act includes a range of incentives and tax credits that support the clean energy industry, notably electric vehicles and emissions-free energy sources such as solar.
  • Pineapple Energy does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

Pineapple Energy Announces Chief Financial Officer Transition

Retrieved on: 
Wednesday, June 15, 2022

Mark Fandrich commented, My decision to leave was not easy considering my view that the future for Pineapple in residential solar is very promising.

Key Points: 
  • Mark Fandrich commented, My decision to leave was not easy considering my view that the future for Pineapple in residential solar is very promising.
  • Pineapple is focused on growing leading local and regional solar, storage, and energy services companies nationwide.
  • Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage.
  • Pineapple Energy does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

Pineapple Energy Completes Sale of Headquarters Building

Retrieved on: 
Wednesday, June 15, 2022

Buhl will convert the use of the building to multi-tenant, and Pineapple has agreed to lease approximately 8,500 of the 100,000 square foot facility.

Key Points: 
  • Buhl will convert the use of the building to multi-tenant, and Pineapple has agreed to lease approximately 8,500 of the 100,000 square foot facility.
  • Pineapples Chief Executive Officer Kyle Udseth commented, Closing on the sale of the legacy CSI headquarters building is one more positive step in completing the post-merger transition to the new Pineapple Energy and fulfills a CSI obligation to the CVR holders.
  • Pineapple is focused on growing leading local and regional solar, storage, and energy services companies nationwide.
  • Pineapple Energy does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

Pineapple Energy Reports First Quarter 2022 Financial Results

Retrieved on: 
Monday, May 23, 2022

MINNETONKA, Minn., May 23, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (“Pineapple” or the “Company”), a leading provider of sustainable solar energy and back-up power to households and small businesses, today reported financial results for the quarter ended March 31, 2022. Dollar amounts in this release have been rounded to the nearest thousands.

Key Points: 
  • Closes Merger with Communications Systems, Inc.
    MINNETONKA, Minn., May 23, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (Pineapple or the Company), a leading provider of sustainable solar energy and back-up power to households and small businesses, today reported financial results for the quarter ended March 31, 2022.
  • Udseth continued, We believe the U.S. is in the early innings of the energy transition, and our launch as a public company positions Pineapple to pursue significant opportunities in residential solar, battery storage, electric vehicle charging, and consumer energy services broadly.
  • Because Pineapple Energy LLC is the accounting acquirer in its merger with Communications Systems, Inc., the financial statements reflect the historical operating results of Pineapple Energy LLC prior to the merger and the consolidated results of Pineapple Energy LLC, Communications Systems Inc., Hawaii Energy Connection LLC, and E-Gear LLC following the closing date of the merger on March 28, 2022.
  • Pineapples balance sheet as of March 31, 2022, reflects the financial position of the post-merger combined companies.