Westpark Capital Reiterates $2.00 Price Target for Real Goods Solar (RGSE)

Westpark Capital set a $2.00 price objective on Real Goods Solar (NASDAQ:RGSE) in a research note released on Friday morning. The brokerage currently has a buy rating on the energy company’s stock.

Real Goods Solar stock traded up $0.08 during trading hours on Friday, reaching $0.43. The stock had a trading volume of 43,542,687 shares, compared to its average volume of 3,417,594. Real Goods Solar has a 52 week low of $0.30 and a 52 week high of $1.95.

Real Goods Solar (NASDAQ:RGSE) last announced its quarterly earnings results on Wednesday, August 15th. The energy company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.26). The firm had revenue of $3.63 million during the quarter, compared to the consensus estimate of $3.47 million. Real Goods Solar had a negative return on equity of 407.75% and a negative net margin of 145.13%. Research analysts expect that Real Goods Solar will post -1.24 earnings per share for the current fiscal year.

Real Goods Solar Company Profile

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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