Real Goods Solar Given “Buy” Rating at Canaccord Genuity (RGSE)
Real Goods Solar (NASDAQ:RGSE)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity in a research report issued on Wednesday. They currently have a $3.00 price target on the stock, down from their previous price target of $4.00. Canaccord Genuity’s price objective points to a potential upside of 35.14% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Roth Capital downgraded shares of Real Goods Solar from a “buy” rating to a “neutral” rating in a research note on Wednesday. They now have a $1.85 price target on the stock, down previously from $6.00. 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $2.48.
Real Goods Solar (NASDAQ:RGSE) traded down 16.22% on Wednesday, hitting $1.86. 3,036,141 shares of the company’s stock traded hands. 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 $2.3 and a 200-day moving average of $3.07. The company’s market cap is $83.6 million.
Real Goods Solar (NASDAQ:RGSE) last announced its earnings results on Tuesday, August 19th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.36. The company had revenue of $35.18 million for the quarter, compared to the consensus estimate of $29.87 million. The company’s revenue for the quarter was up 70.0% on a year-over-year basis. Analysts expect that Real Goods Solar will post $-0.35 EPS 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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