Real Goods Solar, Inc. (RGSE) Shares Gap Up to $1.81

Real Goods Solar, Inc. (NASDAQ:RGSE)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $1.96, but opened at $1.81. Real Goods Solar shares last traded at $1.74, with a volume of 2,355,918 shares traded.

The stock’s market capitalization is $12.72 million. The stock has a 50-day moving average price of $0.94 and a 200 day moving average price of $1.00.

Real Goods Solar (NASDAQ:RGSE) last released its quarterly earnings data on Wednesday, August 9th. The energy company reported ($0.53) earnings per share (EPS) for the quarter. Real Goods Solar had a negative net margin of 184.38% and a negative return on equity of 233.16%. The company had revenue of $3.00 million during the quarter. Equities research analysts forecast that Real Goods Solar, Inc. will post ($0.78) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Real Goods Solar stock. Vanguard Group Inc. raised its stake in Real Goods Solar, Inc. (NASDAQ:RGSE) by 34.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,315 shares of the energy company’s stock after acquiring an additional 31,344 shares during the period. Vanguard Group Inc. owned 1.65% of Real Goods Solar worth $120,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 3.27% of the stock is owned by institutional investors and hedge funds.

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About Real Goods Solar

Real Goods Solar, Inc is a residential and commercial solar energy engineering, procurement, and construction company. The Company offers turnkey services, including design, procurement, permitting, build-out, grid connection, financing referrals and warranty and customer satisfaction activities. Its solar energy systems use solar photovoltaic (PV) modules.

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