Real Goods Solar (RGSE) Releases Quarterly Earnings, Misses Expectations By $0.36 EPS
Real Goods Solar (NASDAQ:RGSE) issued its quarterly earnings data on Tuesday. The company reported ($0.46) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.10) by $0.36, Analyst RN reports. The company had revenue of $35.18 million for the quarter, compared to the consensus estimate of $29.87 million.
Shares of Real Goods Solar (NASDAQ:RGSE) traded up 6.22% on Tuesday, hitting $2.22. The stock had a trading volume of 915,872 shares. Real Goods Solar has a 52-week low of $1.70 and a 52-week high of $5.65. The stock has a 50-day moving average of $2.34 and a 200-day moving average of $3.08. The company’s market cap is $99.8 million.
A number of research firms have recently commented on RGSE. Analysts at Cowen and Company downgraded shares of Real Goods Solar from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 9th. They now have a $2.60 price target on the stock, down previously from $3.50. 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $3.87.
Real Goods Solar, Inc is a solar energy company. The Company serves commercial, residential, and utility customers.
Receive News & Ratings for Real Goods Solar Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Real Goods Solar Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.