Real Goods Solar Stock Rating Lowered by Roth Capital (RGSE)
Real Goods Solar (NASDAQ:RGSE) was downgraded by stock analysts at Roth Capital from a “buy” rating to a “neutral” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.
Real Goods Solar (NASDAQ:RGSE) opened at 2.22 on Wednesday. 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 $99.8 million.
Real Goods Solar (NASDAQ:RGSE) last announced its earnings results on Tuesday, August 19th. The company reported ($0.46) earnings per share for the quarter, missing the analysts’ 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. Real Goods Solar’s revenue was up 70.0% compared to the same quarter last year. On average, analysts predict that Real Goods Solar will post $-0.35 earnings per share for the current fiscal year.
RGSE has been the subject of a number of other recent research reports. 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, two have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $3.30.
Real Goods Solar, Inc is a solar energy company. The Company serves commercial, residential, and utility customers.
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