Pegy ticker is it a good buy

**Pineapple Energy Inc. (PEGY) is not currently a good buy.** Here's why:

1. **Financial Performance**: PEGY has reported significant losses, with a net loss of $6.93 million and a diluted EPS of -$1.11 as of Q2 2024. The company's revenue has also declined, with a year-over-year decrease of 31.69%.

2. **Technical Indicators**: The stock's technical indicators are not favorable. The RSI is at 20.96, indicating that the stock is currently oversold. However, the MACD is at 0.06, and the KDJ is at 6.76, which suggest that the stock may be in a weak momentum.

3. **Market Sentiment**: The stock has experienced a significant downturn, with a 52-week low of $0.14 and a 1-year change of -98.95%. Additionally, the stock's price has eroded almost entirely over the past year.
4. **Fundamental Analysis**: The company's solvency score is low at 18/100, which indicates that it is not a solvent company. Furthermore, the company has undergone a major restructuring of its financial instruments, which could be a red flag for investors.
5. **Dividend Yield**: There is no dividend yield data available for PEGY, which may be a concern for income-focused investors.
6. **Analyst Price Target**: There is no available data on the analyst price target for PEGY, which makes it difficult to determine if the stock has potential for growth.
7. **Recent News**: The company has successfully completed an initial round of capital fundraising, which could be a positive sign for its future prospects. However, the company's stock has continued to decline despite this news.

In conclusion, while there is some positive news about the company's fundraising, the overall financial and technical indicators suggest that PEGY is not a good buy at this time. Investors should exercise caution and consider the high risk associated with the stock.