{"id":115130,"date":"2021-03-02T16:34:10","date_gmt":"2021-03-02T16:34:10","guid":{"rendered":"https:\/\/precoinnews.com\/?p=115130"},"modified":"2021-03-02T16:34:10","modified_gmt":"2021-03-02T16:34:10","slug":"stock-alert-communications-systems-surges-75-on-merger-deal-with-pineapple-energy","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/stock-alert-communications-systems-surges-75-on-merger-deal-with-pineapple-energy\/","title":{"rendered":"Stock Alert: Communications Systems Surges 75% On Merger Deal With Pineapple Energy"},"content":{"rendered":"
Shares of Communications Systems Inc. (JCS) surged over 75% on Tuesday morning after the company announced merger deal with privately held Pineapple Energy, LLC.<\/p>\n
JCS is currently trading at $9.46, up $4.11 or 76.82%, on the Nasdaq.<\/p>\n
Communications Systems, an IoT intelligent edge products and services company, announced a definitive merger agreement with privately held Pineapple Energy, LLC, a U.S. operator and consolidator of residential solar, battery storage, and grid services solutions. <\/p>\n
Upon closing, Communications Systems will commence doing business<\/span> as Pineapple Energy, with a business model focused on the rapidly growing home solar industry. The combined company will trade on the Nasdaq under the new ticker symbol “PEGY.” <\/p>\n The transaction is expected to close in the second quarter of 2021. <\/p>\n