Real Goods Solar (RGSE) Stock Price Down 11.6%
Real Goods Solar, Inc. (NASDAQ:RGSE) fell 11.6% on Monday . The company traded as low as $0.37 and last traded at $0.38. 3,349,076 shares changed hands during trading, an increase of 111% from the average session volume of 1,589,596 shares. The stock had previously closed at $0.43.
Separately, Westpark Capital began coverage on Real Goods Solar in a research note on Friday, July 6th. They set a “buy” rating and a $2.00 price target on the stock.
Real Goods Solar (NASDAQ:RGSE) last issued its quarterly earnings results on Wednesday, August 15th. The energy company reported ($0.59) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.26). Real Goods Solar had a negative return on equity of 407.75% and a negative net margin of 145.13%. The business had revenue of $3.63 million for the quarter, compared to analysts’ expectations of $3.47 million. equities analysts predict that Real Goods Solar, Inc. will post -1.24 EPS for the current fiscal year.
Real Goods Solar, Inc operates as a residential and small business commercial solar energy engineering, procurement, and construction company in the United States. The company's Residential segment installs solar energy systems for homeowners, including lease financing, as well as small business commercial services in the continental United States.
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