Real Goods Solar (RGSE) Stock Price Down 5.6%
Shares of Real Goods Solar, Inc. (NASDAQ:RGSE) dropped 5.6% during mid-day trading on Thursday . The company traded as low as $0.33 and last traded at $0.34. Approximately 1,539,030 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 1,657,516 shares. The stock had previously closed at $0.36.
Separately, Westpark Capital began coverage on Real Goods Solar in a report on Friday, July 6th. They issued a “buy” rating and a $2.00 price target for the company.
Real Goods Solar (NASDAQ:RGSE) last posted its earnings results on Wednesday, August 15th. The energy company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.26). The company had revenue of $3.63 million for the quarter, compared to analysts’ expectations of $3.47 million. Real Goods Solar had a negative return on equity of 407.75% and a negative net margin of 145.13%. Sell-side analysts anticipate 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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