The Pineapple Power Share Price is $0.80. This means that for every share of Pineapple Power that you own, you are entitled to $0.80 in cash dividends per year.
Pineapple Power (ASX: PPN) shares are trading higher on Wednesday following the release of its half-year results.
For the six months ended 31 December 2020, Pineapple Power reported revenue of $6.7 million, up from $4.9 million in the prior corresponding period.
The company also reported a net profit after tax of $1.5 million, up from a loss of $0.8 million in the prior corresponding period.
Pineapple Power Managing Director & CEO Michael O’Neill said: “We are pleased to report a strong set of results for the first half of FY21 with revenue and NPAT more than doubling on pcp… We have continued to execute well on our strategy despite challenging market conditions and we remain confident in our ability to deliver further growth.”
Shares in Pineapple Power are trading up 3.88 per cent at $0.355 per share at the time of writing (2:10 pm AEDT).
Pineapple Power Plc
Pineapple Power Plc is an independent power producer that owns and operates a portfolio of renewable energy assets in the United Kingdom. The company was founded in 2010 and is headquartered in London, England. Pineapple Power’s mission is to provide cleaner, more affordable power to businesses and households across the UK.
The company has a strong focus on sustainable development, community engagement, and corporate responsibility.
Pineapple Power owns and operates a number of wind farms, solar PV farms, biomass plants, and hydroelectric power stations across the UK. The company currently has over 500 MW of installed capacity and supplies electricity to over half a million homes and businesses.
Pineapple Power is one of the leading providers of renewable energy in the UK and has won numerous awards for its work in promoting sustainable development.
The company has a strong commitment to community engagement and works with local communities to deliver benefits from its renewable energy projects. Pineapple Power also invests heavily in research & development to ensure that its technologies are at the forefront of innovation.
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What is Pineapple Power’S Share Price
As of September 3, 2020, Pineapple Power’s share price was $0.40.
How Can I Buy Shares of Pineapple Power
Pineapple Power is a publicly traded company on the NASDAQ stock exchange. You can buy shares of Pineapple Power through any broker that offers trading on the NASDAQ stock exchange. When you place an order to buy shares, your broker will execute the trade on theNASDAQ stock exchange and you will own shares of Pineapple Power.
What is Pineapple Power’S Ticker Symbol
Pineapple Power’s ticker symbol is PNPWF. The company is a Canadian-based producer and distributor of CBD products.
Where is Pineapple Power Traded
Pineapple Power is traded on the New York Stock Exchange under the ticker symbol PNP.
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Conclusion
Pineapple Power (ASX: PNPL) is a micro-cap Australian energy company with a focus on battery storage and electric vehicle (EV) charging infrastructure. The company has been in the news recently for its share price performance, which has seen it more than double in value since late January 2020.
The company’s share price surged after it announced that it had secured $5 million in funding from the Clean Energy Finance Corporation (CEFC) to build a 10 MW / 10 MWh battery storage system in Western Australia.
This project is expected to be operational by early 2021 and will help Pineapple Power meet its goal of becoming a leading provider of grid-connected battery storage systems in Australia.
The CEFC investment is just one example of the growing interest in battery storage as a means to improve the stability of the electricity grid and reduce emissions. With several large-scale battery projects already underway or in development, Pineapple Power looks well positioned to benefit from this trend.
