Pineapple Energy Inc (NASDAQ:PEGY) shares are trading lower by 63.8% to $0.29 during Monday's session after the company entered into exchange agreements to swap Series A preferred stock and warrants for Series C preferred stock, convertible at $0.45 per share.

This move follows an amendment to the company's secured note, which led to adjustments in the conversion and exercise prices of the Series A Preferred Stock and Warrants.

As a result, holders of the Series A Preferred Stock and Warrants can convert or exercise their holdings at a price of $0.45 per share.

The new Series C Preferred Stock, which does not have the reset provisions of the Series A Preferred Stock, will be convertible into up to 62,313,111 shares of the company's common stock.

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Should I Sell My PEGY Stock?

When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.

Shares of Pineapple Energy have decreased by 98.13% in the past year. An investor who bought shares of Pineapple Energy at the beginning of the year would take a loss of $9.16 per share if they sold it today. The stock has fallen 71.71% over the past month, meaning an investor who bought shares on Aug. 1 would see a capital loss of $0.72.

Pineapple Energy shares have an all-time high of $151.5, representing 51890.39% upside from current levels.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Pineapple Energy stock currently has an RSI of 54.27, indicating neutral conditions.

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According to data from Benzinga Pro, PEGY has a 52-week high of $16.12 and a 52-week low of $0.28.