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Pinnacle Renewable Energy Inc (PL.TO)

PL.TO on Toronto Stock Exchange

8.47CAD
15 Nov 2019
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Latest Key Developments (Source: Significant Developments)

Pinnacle Renewable Energy Says Q2 Revenue Rose 22.4% To C$104.2 Mln
Tuesday, 13 Aug 2019 

Aug 12 (Reuters) - Pinnacle Renewable Energy Inc ::PINNACLE RENEWABLE ENERGY REPORTS FISCAL 2019 SECOND QUARTER RESULTS.Q2 REVENUE ROSE 22.4 PERCENT TO C$104.2 MILLION.SOLD APPROXIMATELY 478,000 METRIC TONS OF INDUSTRIAL WOOD PELLETS IN QUARTER, UP 24.2%.  Full Article

Pinnacle Renewable Energy Announces Partnership With Tolko Industries
Friday, 5 Jul 2019 

July 4 (Reuters) - Pinnacle Renewable Energy Inc ::PINNACLE RENEWABLE ENERGY ANNOUNCES PARTNERSHIP WITH TOLKO INDUSTRIES TO DEVELOP NEW PRODUCTION FACILITY IN NORTHERN ALBERTA.UNDER DEAL, PINNACLE AND TOLKO WILL EACH OWN A 50 PERCENT INTEREST IN FACILITY.PINNACLE RENEWABLE ENERGY - CAPITAL COST OF FACILITY EXPECTED TO BE APPROXIMATELY $54 MILLION, WITH 50 PERCENT FUNDED BY PINNACLE AND 50 PERCENT BY TOLKO.INITIAL WOOD PELLET PRODUCTION AT FACILITY IS EXPECTED TO COMMENCE IN Q4 OF 2020.WILL FUND ITS PORTION OF CAPITAL COSTS FROM DRAWS ON ITS RECENTLY EXPANDED CREDIT FACILITIES.FACILITY IS EXPECTED TO HAVE A RUN-RATE PRODUCTION CAPACITY OF 170,000 TO 200,000 METRIC TONS PER ANNUM.  Full Article

Pinnacle Renewable Energy Inc Announces Expanded Credit Facility
Friday, 14 Jun 2019 

June 14 (Reuters) - Pinnacle Renewable Energy Inc ::PINNACLE RENEWABLE ENERGY INC. ANNOUNCES EXPANDED CREDIT FACILITY.PINNACLE RENEWABLE ENERGY INC - EXPANDED ITS CREDIT FACILITY TO $530 MILLION.PINNACLE RENEWABLE ENERGY INC - CREDIT FACILITY EXTENDS MATURITY DATE TO JUNE 13, 2024..PINNACLE RENEWABLE ENERGY - EXPANDED CREDIT FACILITY INCREASES TOTAL AMOUNT OF COMMITTED CAPITAL AVAILABLE BY $150 MILLION.  Full Article

Pinnacle Renewable Energy Reports Qtrly Loss Per Share Of $0.18
Thursday, 9 May 2019 

May 8 (Reuters) - Pinnacle Renewable Energy Inc ::PINNACLE RENEWABLE ENERGY REPORTS FISCAL 2019 FIRST QUARTER RESULTS AND PROVIDES 2019 ADJUSTED EBITDA GUIDANCE.QTRLY REVENUE INCREASED 26.2% TO $89.6 MILLION, COMPARED TO Q1 2018.QTRLY LOSS PER SHARE $0.18.PINNACLE EXPECTS TO ACHIEVE ADJUSTED EBITDA OF $54 TO $58 MILLION FOR FISCAL 2019.Q1 EARNINGS PER SHARE VIEW C$0.02, REVENUE VIEW C$98.1 MILLION -- REFINITIV IBES DATA.  Full Article

Pinnacle Renewable Energy Resumes Production at Entwistle Facility, Announces New Off-Take Contract in Japan
Monday, 1 Apr 2019 

March 31 (Reuters) - Pinnacle Renewable Energy Inc ::PINNACLE RENEWABLE ENERGY - RESUMED PRODUCTION OF WOOD PELLETS AT ITS FACILITY IN ENTWISTLE, ALBERTA USING DRY FIBRE MARCH 29.ENTERED INTO A NEW LONG-TERM, TAKE-OR-PAY CONTRACT WITH SUMITOMO CORPORATION.PINNACLE RENEWABLE ENERGY - UNDER TERMS , CO WILL SUPPLY 200,000 METRIC TONS PER ANNUM OF WOOD PELLETS TO SUMITOMO STARTING IN 2022.  Full Article

Pinnacle Renewable Energy Reports Qtrly EPS $0.22
Friday, 22 Feb 2019 

Feb 21 (Reuters) - Pinnacle Renewable Energy Inc ::PINNACLE RENEWABLE ENERGY REPORTS FISCAL 2018 FOURTH QUARTER AND YEAR-END RESULTS AND ANNOUNCES NEW OFF-TAKE CONTRACTS IN JAPAN AND SOUTH KOREA.Q4 2018 REVENUE INCREASED 42.2% TO $103.7 MILLION, COMPARED TO $73.0 MILLION IN Q4 2017;.QTRLY BASIC AND DILUTED EARNINGS PER SHARE $0.22.PINNACLE EXPECTS TO SEE CONTINUED STRONG EXECUTION IN STRATEGIC GROWTH PLAN OF BUSINESS IN 2019.PINNACLE RENEWABLE ENERGY - ALICEVILLE AND SMITHERS FACILITIES ADDED IN Q4 2018 WILL CONTRIBUTE TO 2019 GROWTH AS THEY RAMP UP PRODUCTION.Q4 EARNINGS PER SHARE VIEW C$0.12, REVENUE VIEW C$97.0 MILLION -- REFINITIV IBES DATA.  Full Article

Pinnacle Renewable Holdings Announces New Off-Take Contract In Japan
Thursday, 19 Apr 2018 

April 19 (Reuters) - Pinnacle Renewable Holdings Inc ::PINNACLE RENEWABLE HOLDINGS ANNOUNCES NEW OFF-TAKE CONTRACT IN JAPAN.PINNACLE RENEWABLE HOLDINGS - ENTERED A DIVERSIFIED JAPANESE CONGLOMERATE WITH ANNUAL REVENUES OF APPROXIMATELY US$6 BILLION.PINNACLE RENEWABLE - UNDER TERMS OF CONTRACT, CO TO SUPPLY 70,000 METRIC TONS PER ANNUM OF INDUSTRIAL WOOD PELLETS TO UBE BEGINNING LATE 2019.PINNACLE RENEWABLE - ENTERED LONG-TERM, TAKE-OR-PAY OFF-TAKE CONTRACT WITH UBE INDUSTRIES LTD.  Full Article

Pinnacle Renewable Enters Contract With Ube Industries
Thursday, 19 Apr 2018 

April 19 (Reuters) - Pinnacle Renewable Holdings Inc ::PINNACLE RENEWABLE HOLDINGS ANNOUNCES NEW OFF-TAKE CONTRACT IN JAPAN.SAYS ENTERED CONTRACT WITH UBE INDUSTRIES, DIVERSIFIED JAPANESE CONGLOMERATE WITH ANNUAL REVENUES OF ABOUT $6 BILLION.SAYS UNDER TERMS OF CONTRACT, CO TO SUPPLY 70,000 METRIC TONS PER ANNUM OF INDUSTRIAL WOOD PELLETS TO UBE BEGINNING LATE 2019.SAYS ENTERED LONG-TERM, TAKE-OR-PAY OFF-TAKE CONTRACT WITH UBE INDUSTRIES LTD.  Full Article