Sidoti Downgrades Real Goods Solar to Neutral (RGSE)
Real Goods Solar (NASDAQ:RGSE) was downgraded by equities researchers at Sidoti from a “buy” rating to a “neutral” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
Real Goods Solar (NASDAQ:RGSE) opened at 1.84 on Thursday. Real Goods Solar has a one year low of $1.70 and a one year high of $5.65. The stock has a 50-day moving average of $2.29 and a 200-day moving average of $3.06. The company’s market cap is $82.7 million.
Real Goods Solar (NASDAQ:RGSE) last issued its quarterly earnings data 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. Analysts expect that Real Goods Solar will post $-0.27 EPS for the current fiscal year.
A number of other firms have also recently commented on RGSE. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Real Goods Solar in a research note on Wednesday. They now have a $3.00 price target on the stock, down previously from $4.00. Separately, 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. Finally, 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, three have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.48.
Real Goods Solar, Inc is a solar energy company. The Company serves commercial, residential, and utility customers.
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