Real Goods Solar, Inc. (RGSE) Shares Down 5.2%

Real Goods Solar, Inc. (NASDAQ:RGSE)’s share price fell 5.2% during mid-day trading on Thursday . The company traded as low as $1.96 and last traded at $1.99. 2,140,225 shares traded hands during trading, an increase of 40% from the average session volume of 1,525,300 shares. The stock had previously closed at $2.10.

The company’s market cap is $14.89 million. The stock has a 50-day moving average price of $1.01 and a 200-day moving average price of $1.02.

Real Goods Solar (NASDAQ:RGSE) last released its quarterly earnings data on Wednesday, August 9th. The energy company reported ($0.53) earnings per share for the quarter. The business had revenue of $3.00 million for the quarter. Real Goods Solar had a negative return on equity of 233.16% and a negative net margin of 184.38%. On average, equities research analysts expect that Real Goods Solar, Inc. will post ($0.78) EPS for the current year.

An institutional investor recently raised its position in Real Goods Solar stock. Vanguard Group Inc. grew its position in Real Goods Solar, Inc. (NASDAQ:RGSE) by 34.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 123,315 shares of the energy company’s stock after purchasing an additional 31,344 shares during the period. Vanguard Group Inc. owned approximately 1.65% of Real Goods Solar worth $120,000 as of its most recent SEC filing. 3.27% of the stock is owned by institutional investors and hedge funds.

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Real Goods Solar Company Profile

Real Goods Solar, Inc is a residential and commercial solar energy engineering, procurement, and construction company. The Company offers turnkey services, including design, procurement, permitting, build-out, grid connection, financing referrals and warranty and customer satisfaction activities. Its solar energy systems use solar photovoltaic (PV) modules.

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