Real Goods Solar (NASDAQ:RGSE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a $0.50 price objective on the energy company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 17.65% from the stock’s current price.
According to Zacks, “REAL GOODS SOLAR, Inc. is a leading residential solar energy integrator. Real Goods Solar offers turnkey solar energy services, and has thirty years of experience in residential solar energy, beginning with the sale in 1978 of the first solar photovoltaic, or PV, panels in the United States. “
Separately, Westpark Capital set a $2.00 price objective on shares of Real Goods Solar and gave the company a “buy” rating in a report on Friday, November 2nd.
Real Goods Solar (NASDAQ:RGSE) last released its earnings results on Wednesday, November 7th. The energy company reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.17). Real Goods Solar had a negative return on equity of 828.54% and a negative net margin of 239.87%. The firm had revenue of $3.89 million during the quarter, compared to the consensus estimate of $3.84 million. Research analysts forecast that Real Goods Solar will post -0.78 EPS for the current year.
In other Real Goods Solar news, Director Ian A. Bowles bought 100,000 shares of the business’s stock in a transaction on Friday, November 9th. The shares were acquired at an average price of $0.38 per share, with a total value of $38,000.00. Following the transaction, the director now owns 100,000 shares of the company’s stock, valued at approximately $38,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dennis J. Lacey bought 150,000 shares of the business’s stock in a transaction on Friday, November 9th. The shares were acquired at an average cost of $0.37 per share, for a total transaction of $55,500.00. Following the transaction, the chief executive officer now directly owns 270,000 shares in the company, valued at approximately $99,900. The disclosure for this purchase can be found here. Insiders have purchased a total of 317,800 shares of company stock valued at $116,474 in the last quarter. 0.26% of the stock is currently owned by company insiders.
About Real Goods Solar
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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