Real Goods Solar, Inc. (RGSE): Are There Still Some Reasons For Optimism?

Real Goods Solar, Inc. (RGSE) shares saw a recent bid of $0.98 and 176.13TH shares have exchanged hands in the recent trading session, yielding a 20.41% gain over the past week. The stock price increased 7.67% or $-0.07 versus $0.91 at the end of the prior session. This change led market cap to move at $5.98M, putting the price -99.72% below the 52-week high and 22.50% above the 52-week low. The company’s stock has a normal trading capacity of 467.35K shares while the relative volume is 0.38.

By historical standards, Real Goods Solar, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts above the average P/E ratio of 14.82 times earnings. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Real Goods Solar, Inc. has far performed well this year, with the share price down -86.42% since January. Over the past 2 quarters, the stock is down -87.48%, compared with a fall of nearly -31.47% for 3 months and about -4.85% for the past 30 days.

Revenue for the quarter also did not kill consensus, coming in at $18.44M, compared to the consensus of 23.9M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $. The company is expected to report EPS as high as $ and as low as $ per share. Similarly, full-year EPS forecasts have ranged between $46.13 and $16.19. The mean EPS estimate is $18.90. On the other side, sales forecasts for the current quarter are $18.44M. The stock is expected to report revenue as high as $5.46M and as low as $22.83M per share. Similarly, full-year sales forecasts have ranged between $17.77M and $5.31M. The mean revenue estimate is $35.18M.

Over the last 5 years, Real Goods Solar, Inc. has averaged a 28.00% YoY EPS growth rate and a -30.70% revenue growth rate. Analysts are expecting EPS growth rates to be at 74.10% this quarter.

Sell-side analysts also have something to say about this company.




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