Pineapple Power Corp PLC (PNPL) AI Stock Analysis

• Market Cap: £2.28M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): N/A
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 2
• Sector: Utilities
• Sector Strength: 65
• Industry: Renewable Utilities
• EPS (TTM): N/A
• Shares Outstanding: 83,332,880
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: <0.01
• Price to Book (P/B): -0.11
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: 2.50 p ▼(-8.76% Downside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

The score is primarily held down by weak financial performance (zero revenue, ongoing losses, negative free cash flow, and negative equity), with only partial offset from improving loss/cash-burn trends. Technical indicators do not show a clear positive trend, and valuation provides limited support due to negative earnings and no stated dividend yield.

Pineapple Power Corp PLC Business Overview & Revenue Model

Company Description

Pineapple Power Corporation plc does not have significant operations. It intends to acquire a business or asset in the clean and renewable energy sectors. The company was incorporated in 2014 and is based in London, the United Kingdom.

Pineapple Power Corp PLC Financial Statement Overview

Summary

Financial profile is weak: the company remains pre-revenue with persistently negative profitability and cash flow. While losses and operating cash burn improved in 2024 versus 2023, balance-sheet resilience deteriorated as equity turned negative and assets fell sharply, increasing funding/going-concern sensitivity despite having no reported debt.

Income Statement

The company is still pre-revenue (revenue is 0 across all reported years), and profitability remains deeply negative. Losses narrowed materially from 2021 to 2024 (net loss improved from about -1.78M in 2021 to about -0.36M in 2024), showing some cost progress, but the core issue is the lack of commercial revenue and persistently negative gross profit and operating results.

Balance Sheet

Total debt is reported at 0, which reduces financial leverage risk, but the balance sheet weakened meaningfully as equity swung from positive in 2023 (about 144k) to negative in 2024 (about -213k). With negative equity and a much smaller asset base in 2024 (assets down to ~21k from ~196k in 2023), balance-sheet flexibility appears limited and raises funding/going-concern sensitivity.

Cash Flow

Cash burn remains a key overhang: operating cash flow and free cash flow are negative every year shown. There is improvement in the latest year (operating cash flow improved to about -182k in 2024 from about -461k in 2023), but cash generation is still not established and funding needs likely persist until revenue traction emerges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-244.00	-51.00	-591.00	-588.00	-589.00	0.00
EBITDA	-242.94K	-358.30K	-509.83K	-367.37K	-1.01M	-89.93K
Net Income	-242.91K	-356.59K	-510.42K	-438.65K	-1.78M	-91.37K
Balance Sheet
Total Assets	7.98K	20.62K	195.70K	324.03K	568.01K	1.22M
Cash, Cash Equivalents and Short-Term Investments	304.00	19.99K	189.54K	315.89K	560.43K	27.80K
Total Debt	43.20K	0.00	0.00	0.00	0.00	0.00
Total Liabilities	267.43K	233.57K	52.06K	50.50K	268.64K	195.47K
Stockholders Equity	-259.44K	-212.95K	143.64K	273.53K	299.37K	1.02M
Cash Flow
Free Cash Flow	-102.76K	-182.04K	-460.74K	-586.66K	-775.31K	-105.61K
Operating Cash Flow	-101.46K	-182.04K	-460.74K	-586.66K	-773.49K	-105.61K
Investing Cash Flow	-1.30K	0.00	0.00	0.00	-1.82K	0.00
Financing Cash Flow	43.20K	12.50K	334.38K	342.12K	1.31M	112.32K

Pineapple Power Corp PLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
ATOM	52 Neutral	£29.81M	-7.46	-0.30%	―	―	―
CPH2	47 Neutral	£27.61M	-1.47	-203.60%	―	―	―
IES	45 Neutral	£96.69M	-2.63	-35.65%	―	-58.85%	55.03%
PNPL	44 Neutral	£2.28M	-0.12	102.84%	―	―	―
PHE	41 Neutral	£15.65M	-2.80	-87.07%	―	3.87%	-160.00%

Pineapple Power Corp PLC Corporate Events

Pineapple Power Reshapes Board After Death of Long-Serving Director

Pineapple Power Corporation PLC has announced the death of long-serving non-executive director Andrew Holland, who had been on the board since May 2017, and offered condolences to his family while acknowledging his nearly nine years of contribution to the company. The board has appointed Adam Colton Park as an independent non-executive director effective 10 February 2026, highlighting his extensive experience in corporate governance, compliance and strategic oversight, which is expected to support Pineapple Power’s growth ambitions and management of complex transitions at a pivotal stage in its development.

Park’s prior non-executive role at AMTE Power plc, which entered administration in January 2024, underscores his familiarity with companies facing significant operational and financial challenges, suggesting he may bring a risk-aware and restructuring-informed perspective to Pineapple Power’s board. Chairman Claudio Morandi stressed that Park’s pragmatic, governance-focused approach and ability to work with investors and leadership teams should strengthen the company’s board capabilities and support its strategic direction following the loss of a key director.

The most recent analyst rating on (GB:PNPL) stock is a Sell with a £2.50 price target. To see the full list of analyst forecasts on Pineapple Power Corp PLC stock, see the GB:PNPL Stock Forecast page.