Pineapple Energy Inc. (PEGY) stock is experiencing a surge on Thursday, following the announcement of an exclusive partnership between its subsidiary, SUNation Energy, and Empire Automotive. This strategic alliance will see Empire Automotive provide complimentary SUNation Energy Level 2 EV charging stations to electric vehicle (EV) customers at its dealerships. The program, set to roll out in the coming months, will be available across all 20 of Empire Automotive’s locations.
This partnership marks a significant step forward for both companies, as it addresses a key pain point for EV buyers. Typically, EV purchasers are required to purchase a charging station separately, adding to the overall cost of ownership. The partnership removes this hurdle, offering a convenient and cost-effective solution for EV adoption.
“The Level 2 EV charging infrastructure is fragmented with most vehicle manufacturers offering charging stations for purchase and connections to third party installers. It’s a cold hand off when the vehicle purchaser really wants a local company,” stated Scott Maskin, Interim CEO of Pineapple Energy.
How to Buy Pineapple Energy Stock
Are you interested in purchasing Pineapple Energy stock (PEGY)? You can do so through a brokerage account, allowing you to buy or sell shares of publicly traded companies. Many brokerage platforms offer the ability to buy “fractional shares,” meaning you can own a portion of a stock without purchasing an entire share. This is particularly beneficial for stocks with high prices, as it allows investors with smaller budgets to participate.
For example, Pineapple Energy PEGY is currently trading at $0.11. This means that $100 would buy you 909.09 shares of stock.
Investing Beyond Buying Shares
For investors who wish to bet against a company’s stock price, a more complex process is involved. This typically requires access to an options trading platform or a broker who allows “shorting” a share of stock. Shorting involves borrowing shares to sell, with the aim of buying them back later at a lower price.
Another approach for betting against a company’s stock price is to buy a put option or sell a call option. These options provide the right to buy or sell the stock at a specific price, allowing investors to profit from a decline in the share price.
