Pineapple Power Corporation plc
PNPL.L
London Stock Exchange2.74
GBp
-0.16
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Pineapple Power Corporation plc
PNPL.L
(London Stock Exchange)
Recent
price
2.74
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Pineapple Power Corporation plc operates as a special purpose acquisition company (SPAC) focused on acquiring businesses in the renewable and clean energy sector. The company primarily targets companies involved in the production and development of renewable energy technologies and clean energy assets. Founded in 2014, Pineapple Power Corporation is headquartered in London, United Kingdom, and listed on the London Stock Exchange under the ticker PNPL.L. The company does not generate revenue directly as it functions as a vehicle to facilitate acquisitions in the clean energy space. The company's main recent activities include entering into non-binding heads of terms agreements and discussions for acquisitions. Notably, it engaged in talks for the acquisition of FUSE-AI GmbH, a Hamburg-based artificial intelligence software developer specializing in clinical sector applications, but this proposed reverse takeover was terminated. Additionally, Pineapple Power entered into an agreement in principle to acquire 100% of Buffalo Battery Metals Pty Ltd, an Australian company, through an all-share transaction. However, discussions surrounding this acquisition were discontinued in 2025. Pineapple Power also previously planned a reverse takeover of Element 2 Ltd, a hydrogen refuelling business, although completion of this transaction was not guaranteed. These recent strategic moves indicate Pineapple Power's focus on expanding its portfolio in clean energy through potential acquisitions and reverse takeovers. The company's product and service focus is less about manufacturing or direct sales but rather on facilitating and managing acquisitions in renewable energy, clean energy technology sectors, and related asset businesses. It targets growth through strategic investments and corporate restructuring in companies that develop or operate energy technologies, including hydrogen refuelling infrastructure and potential AI-enabled energy or clinical technology applications. The company's operations are primarily centered on the UK capital market but also involve international entities, including those in Canada, Germany, and Australia. Pineapple Power Corporation acts as a publicly listed platform aiming to support its target companies in accessing capital markets, particularly the London Stock Exchange, via reverse takeovers or other acquisition mechanisms. The company’s ongoing evolution includes capital fundraising efforts and continuing negotiations with various renewable energy and clean technology companies, positioning itself as a facilitator of growth and investment in the sustainable energy industry. In summary, Pineapple Power Corporation plc is a London-based special purpose acquisition company focusing on acquiring and developing renewable and clean energy enterprises, with recent strategic efforts toward acquiring companies like Buffalo Battery Metals and the AI firm FUSE-AI GmbH, although some of these deals were terminated or remain in negotiation. The company operates primarily as an acquisition and investment platform within the clean energy sector, leveraging its listing on the London Stock Exchange to facilitate these transactions and support its targeted growth strategy.