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Pinnacle Renewable Energy Inc (PL.TO)

PL.TO on Toronto Stock Exchange

12.05CAD
18 Apr 2019
Change (% chg)

$0.03 (+0.25%)
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Volume
6,298
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53,692
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$17.00
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$8.53

Latest Key Developments (Source: Significant Developments)

Pinnacle Renewable Energy Announces Temporary Suspension Of Operations At Its Entwistle Facility
Tuesday, 12 Feb 2019 

Feb 11 (Reuters) - Pinnacle Renewable Energy Inc ::PINNACLE RENEWABLE ENERGY ANNOUNCES TEMPORARY SUSPENSION OF OPERATIONS AT ITS ENTWISTLE FACILITY.OPERATIONS AT ITS WOOD PELLET PRODUCTION FACILITY IN ENTWISTLE, ALBERTA HAVE BEEN TEMPORARILY SUSPENDED.AT APPROXIMATELY 2 O'CLOCK MST , A FIRE OCCURRED AT FACILITY, CAUSING DAMAGE TO PART OF FACILITY.REPORTED THAT ONE EMPLOYEE WENT TO HOSPITAL AND SEVERAL EMPLOYEES SUSTAINED MINOR INJURIES AS A RESULT OF ACCIDENT.AT PRESENT, CAUSE OF FIRE IS UNKNOWN.  Full Article

Pinnacle Renewable Holdings Reports Fiscal 2018 Third Quarter Results
Monday, 5 Nov 2018 

Pinnacle Renewable Holdings Inc ::PINNACLE RENEWABLE HOLDINGS REPORTS FISCAL 2018 THIRD QUARTER RESULTS.PINNACLE RENEWABLE - QTRLY REVENUE INCREASED 6.4% TO $87.6 MILLION.PINNACLE RENEWABLE - QTRLY EARNINGS PER SHARE $0.04.PINNACLE RENEWABLE - EXPECTS TO GENERATE 2018 ADJUSTED EBITDA BETWEEN $57 MILLION & $60 MILLION.PINNACLE RENEWABLE - AT QUARTER END, CONTRACTED BACKLOG WAS $5.0 BILLION.PINNACLE RENEWABLE - EXPECTS IMPROVED PERFORMANCE AT ENTWISTLE FACILITY IN NOV & DEC.  Full Article

Pinnacle Renewable Holdings Acquires 70 PCT Stake In Industrial Wood Pellet Production Facility In Alabama
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Pinnacle Renewable Holdings Inc ::PINNACLE RENEWABLE HOLDINGS ENTERS SOUTHEAST U.S. - ANNOUNCES AGREEMENT TO ACQUIRE 70 PCT STAKE IN INDUSTRIAL WOOD PELLET PRODUCTION FACILITY IN ALABAMA.PINNACLE RENEWABLE HOLDINGS - EXPECTS TO FUND PURCHASE OF 70 PERCENT STAKE IN ALICEVILLE FACILITY THROUGH DRAW ON CREDIT FACILITY AND CASH ON HAND.PINNACLE RENEWABLE HOLDINGS INC - WESTERVELT WILL RETAIN A 30 PERCENT INTEREST IN ALICEVILLE FACILITY.PINNACLE RENEWABLE HOLDINGS INC - PURCHASE WILL PROVIDE ACCRETIVE FREE CASH FLOW PER SHARE ON AN ANNUALIZED BASIS.PINNACLE RENEWABLE HOLDINGS - TRANSACTION IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS & EXPECTED TO CLOSE IN EARLY OCTOBER 2018.  Full Article

Pinnacle Renewable Holdings Announces $50 Mln Secondary Offering Of Common Shares
Wednesday, 6 Jun 2018 

June 6 (Reuters) - Pinnacle Renewable Holdings Inc ::PINNACLE RENEWABLE HOLDINGS INC. ANNOUNCES $50 MILLION SECONDARY OFFERING OF COMMON SHARES.PINNACLE RENEWABLE HOLDINGS - UNDERWRITERS TO PURCHASE 3.6 MILLION COMMON SHARES HELD BY SELLING SHAREHOLDERS AT $13.75/SHARE.  Full Article

Pinnacle Renewable Holdings Reports Qtrly Loss Per Share $0.01
Thursday, 15 Mar 2018 

March 15 (Reuters) - Pinnacle Renewable Holdings Inc ::PINNACLE RENEWABLE HOLDINGS REPORTS FISCAL 2017 FOURTH QUARTER AND YEAR-END RESULTS.PINNACLE RENEWABLE HOLDINGS INC - ‍CONTRACTED BACKLOG GREW BY 15.4% TO APPROXIMATELY $3.0 BILLION AS AT DECEMBER 29, 2017​.PINNACLE RENEWABLE HOLDINGS INC - ‍REVENUE FOR Q4 2017 TOTALED $73.0 MILLION, AN INCREASE OF 2.9%​.PINNACLE RENEWABLE HOLDINGS INC - QTRLY LOSS PER SHARE $0.01.PINNACLE RENEWABLE HOLDINGS INC - ‍EXPECTS TO COMPLETE COMMISSIONING PHASE OF ENTWISTLE FACILITY IN Q2 OF FISCAL 2018​.PINNACLE RENEWABLE HOLDINGS INC - ‍EXPECTS TO REACH DAILY PRODUCTION REFLECTIVE OF ANNUAL RUN-RATE PRODUCTION OF 400,000 MT IN Q2 OF FISCAL 2019​.PINNACLE RENEWABLE HOLDINGS INC - ‍OPERATIONS HAVE EXPERIENCED RAIL DISRUPTIONS DURING Q1 OF FISCAL 2018​.PINNACLE RENEWABLE - OPERATIONS ‍DISRUPTIONS DURING Q1 DUE TO WEATHER AND CAPACITY-RELATED OPERATIONAL CHALLENGES FACING ITS RAIL SERVICE PROVIDER​.PINNACLE RENEWABLE HOLDINGS INC - PINNACLE'S ESTIMATE OF $61 TO $65 MILLION IN ADJUSTED EBITDA FOR FISCAL 2018.  Full Article

Pinnacle Renewable Announces Closing Of Initial Public Offering Of Common Shares​
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - Pinnacle Renewable Holdings Inc ::PINNACLE RENEWABLE HOLDINGS INC - ‍CLOSING OF INITIAL PUBLIC OFFERING AND SECONDARY OFFERING OF ITS COMMON SHARES​.PINNACLE RENEWABLE HOLDINGS INC-‍OFFERING INCLUDED TREASURY OFFERING BY CO, SECONDARY OFFERING SELLING SHAREHOLDERS AT PRICE OF $11.25 PER COMMON SHARE​.PINNACLE RENEWABLE HOLDINGS INC - ‍PURSUANT TO OFFERING, CO SOLD 6.2 MILLION COMMON SHARES AND SELLING SHAREHOLDERS SOLD 7.1 MILLION COMMON SHARES.  Full Article