Shares of Real Goods Solar, Inc. (NASDAQ:RGSE) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $2.00 for the company and are forecasting that the company will post ($0.09) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Real Goods Solar an industry rank of 42 out of 257 based on the ratings given to its competitors.
A number of equities research analysts have weighed in on RGSE shares. Westpark Capital set a $2.00 price objective on Real Goods Solar and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research raised Real Goods Solar from a “hold” rating to a “buy” rating and set a $0.50 price objective on the stock in a report on Thursday, November 8th.
In other Real Goods Solar news, CFO Alan Fine acquired 85,000 shares of the stock in a transaction on Friday, November 16th. The shares were bought at an average price of $0.54 per share, with a total value of $45,900.00. Following the acquisition, the chief financial officer now owns 95,000 shares of the company’s stock, valued at $51,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ian A. Bowles acquired 100,000 shares of the stock in a transaction on Friday, November 9th. The stock was acquired at an average cost of $0.38 per share, for a total transaction of $38,000.00. Following the acquisition, the director now directly owns 100,000 shares in the company, valued at approximately $38,000. The disclosure for this purchase can be found here. Insiders acquired a total of 385,000 shares of company stock worth $162,400 in the last ninety days. 0.26% of the stock is owned by corporate insiders.
RGSE stock remained flat at $$0.65 during trading on Friday. The company had a trading volume of 5,250 shares, compared to its average volume of 12,497,858. Real Goods Solar has a 1 year low of $0.30 and a 1 year high of $1.92.
Real Goods Solar (NASDAQ:RGSE) last issued its quarterly earnings results on Wednesday, November 7th. The energy company reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.17). The company had revenue of $3.89 million during the quarter, compared to analyst estimates of $3.84 million. Real Goods Solar had a negative net margin of 239.87% and a negative return on equity of 828.54%. Equities analysts expect that Real Goods Solar will post -0.78 earnings per share for the current fiscal year.
About Real Goods Solar
Real Goods Solar, Inc operates as a residential and small business commercial solar energy engineering, procurement, and construction company in the United States. The company's Residential segment installs solar energy systems for homeowners, including lease financing, as well as small business commercial services in the continental United States.
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