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Is It Because The Stock of Communications Systems, Inc. (JCS) Is Climbing 111% Pre-Market?

In pre-market session today, Communications Systems, Inc. (JCS) shares have been rising aggressively. As of 09:16 a.m. EST, the stock was at a rise of 111.21% to reach $11.30. The uptrend came on the heels of news about company’s merger deal.

The driving force:

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Communications Systems, Inc. offers enterprise and industrial companies with IoT-enabled internet of things products and services. The Company operates under two operating segments — Electronics & Software and Services & Support. Our Electronics and Software segment brings customers easy provisioning and proactive management at network edge with its innovative solutions. This helps them minimize their administrative burden of the operator by providing actionable insights regarding their edge devices and connected endpoints. Its Services & Support segment provides services for designing, deploying, supporting, and maintaining customer networks.

In today’s announcement, JCS announced that it has reached a definitive merger agreement with privately held Pineapple Energy, LLC, a leading national provider of battery storage and solar solutions for residential and commercial premises.

Agreement Highlights:


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