Real Goods Solar (RGSE) Trading Down 5.9%

Real Goods Solar, Inc. (NASDAQ:RGSE)’s share price was down 5.9% during mid-day trading on Tuesday . The company traded as low as $0.33 and last traded at $0.36. Approximately 44,651 shares were traded during trading, a decline of 98% from the average daily volume of 2,731,210 shares. The stock had previously closed at $0.34.

A number of equities research analysts have weighed in on RGSE shares. ValuEngine upgraded Real Goods Solar from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Westpark Capital started coverage on Real Goods Solar in a report on Friday, July 6th. They issued a “buy” rating and a $2.00 target price for the company.

Real Goods Solar (NASDAQ:RGSE) last issued its earnings results on Friday, May 11th. The energy company reported ($0.42) earnings per share for the quarter. The business had revenue of $2.82 million during the quarter. Real Goods Solar had a negative return on equity of 222.80% and a negative net margin of 125.52%.

In other Real Goods Solar news, CEO Dennis J. Lacey bought 25,000 shares of the stock in a transaction on Wednesday, May 16th. The stock was acquired at an average cost of $1.24 per share, for a total transaction of $31,000.00. Following the completion of the acquisition, the chief executive officer now owns 50,000 shares in the company, valued at approximately $62,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

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 U.S.

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