Real Goods Solar, Inc. (RGSE) Director Purchases $38,000.00 in Stock

Real Goods Solar, Inc. (NASDAQ:RGSE) Director Ian A. Bowles bought 100,000 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was purchased at an average cost of $0.38 per share, with a total value of $38,000.00. Following the acquisition, the director now directly owns 100,000 shares in the company, valued at approximately $38,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Real Goods Solar stock traded up $0.06 during mid-day trading on Friday, hitting $0.43. The stock had a trading volume of 13,493,320 shares, compared to its average volume of 6,562,604. Real Goods Solar, Inc. has a one year low of $0.30 and a one year high of $1.95.

Real Goods Solar (NASDAQ:RGSE) last issued its earnings results on Wednesday, November 7th. The energy company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.17). The firm had revenue of $3.89 million during the quarter, compared to the consensus estimate of $3.84 million. Real Goods Solar had a negative return on equity of 828.54% and a negative net margin of 239.87%. On average, sell-side analysts forecast that Real Goods Solar, Inc. will post -0.78 EPS for the current year.

Several brokerages recently weighed in on RGSE. Zacks Investment Research raised shares of Real Goods Solar from a “hold” rating to a “buy” rating and set a $0.50 target price for the company in a report on Thursday. Westpark Capital set a $2.00 target price on shares of Real Goods Solar and gave the stock a “buy” rating in a report on Friday, November 2nd.

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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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