Stock Traders Purchase Large Volume of Put Options on Real Goods Solar (RGSE)
Real Goods Solar (NASDAQ:RGSE) was the target of unusually large options trading on Monday. Stock investors bought 3,090 put options on the stock, American Banking & Market News reports. This represents an increase of approximately 1,552% compared to the average daily volume of 187 put options.
RGSE has been the subject of a number of recent research reports. Analysts at Canaccord Genuity initiated coverage on shares of Real Goods Solar in a research note on Wednesday, July 2nd. They set a “buy” rating and a $4.00 price target on the stock. Analysts at TheStreet downgraded shares of Real Goods Solar from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $4.28.
Real Goods Solar (NASDAQ:RGSE) traded down 3.77% on Monday, hitting $2.55. 767,919 shares of the company’s stock traded hands. Real Goods Solar has a 1-year low of $1.70 and a 1-year high of $5.65. The stock has a 50-day moving average of $2.50 and a 200-day moving average of $3.35. The company’s market cap is $114.7 million.
Real Goods Solar (NASDAQ:RGSE) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.19. The company had revenue of $22.10 million for the quarter, compared to the consensus estimate of $24.30 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. On average, analysts predict that Real Goods Solar will post $-0.32 earnings per share for the current fiscal year.
Real Goods Solar, Inc is a solar energy company. The Company serves commercial, residential, and utility customers.
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