Real Goods Solar Downgraded by Zacks (RGSE)
Real Goods Solar (NASDAQ:RGSE) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Friday. They currently have a $1.70 price objective on the stock. Zacks‘s target price would indicate a potential downside of 7.61% from the company’s current price.
A number of other firms have also recently commented on RGSE. Analysts at Sidoti downgraded shares of Real Goods Solar from a “buy” rating to a “neutral” rating in a research note on Thursday. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Real Goods Solar has a consensus rating of “Hold” and an average target price of $2.29.
Real Goods Solar (NASDAQ:RGSE) traded down 11.52% during mid-day trading on Friday, hitting $1.628. 2,520,783 shares of the company’s stock traded hands. 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 $2.26 and a 200-day moving average of $3.05. The company’s market cap is $73.2 million.
Real Goods Solar (NASDAQ:RGSE) last released its earnings data on Tuesday, August 19th. The company reported ($0.46) EPS for the quarter, missing the Thomson Reuters 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 quarterly revenue was up 70.0% on a year-over-year basis. On average, analysts predict that Real Goods Solar will post $-0.37 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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