Analysts Set $2.00 Price Target for Real Goods Solar, Inc. (RGSE)

Shares of Real Goods Solar, Inc. (NASDAQ:RGSE) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus price objective of $2.00 for the company and are anticipating that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also assigned Real Goods Solar an industry rank of 26 out of 255 based on the ratings given to related companies.

A number of analysts have weighed in on the stock. ValuEngine upgraded shares of Real Goods Solar from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Real Goods Solar from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, Westpark Capital set a $2.00 price target on shares of Real Goods Solar and gave the company a “buy” rating in a report on Thursday, November 29th.

In other Real Goods Solar news, CFO Alan Fine acquired 85,000 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, the chief financial officer now owns 95,000 shares in the company, valued at approximately $51,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dennis J. Lacey acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The stock was acquired at an average cost of $0.57 per share, for a total transaction of $57,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 285,000 shares of company stock worth $150,900. Insiders own 0.26% of the company’s stock.

An institutional investor recently bought a new position in Real Goods Solar stock. Beaumont Financial Partners LLC purchased a new stake in shares of Real Goods Solar, Inc. (NASDAQ:RGSE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 150,000 shares of the energy company’s stock, valued at approximately $79,000. Beaumont Financial Partners LLC owned approximately 0.19% of Real Goods Solar at the end of the most recent reporting period. Institutional investors and hedge funds own 0.81% of the company’s stock.

NASDAQ:RGSE opened at $0.48 on Friday. Real Goods Solar has a fifty-two week low of $0.30 and a fifty-two week high of $1.64.

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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