Real Goods Solar, Inc. (RGSE) CEO Dennis J. Lacey Buys 150,000 Shares of Stock

Real Goods Solar, Inc. (NASDAQ:RGSE) CEO Dennis J. Lacey acquired 150,000 shares of the stock in a transaction that occurred on Friday, November 9th. The stock was acquired at an average price of $0.37 per share, for a total transaction of $55,500.00. Following the transaction, the chief executive officer now directly owns 270,000 shares of the company’s stock, valued at approximately $99,900. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

NASDAQ RGSE traded up $0.06 during trading hours on Friday, reaching $0.43. 13,493,320 shares of the stock traded hands, compared to its average volume of 6,562,604. Real Goods Solar, Inc. has a 1 year low of $0.30 and a 1 year high of $1.95.

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

A number of equities research analysts have weighed in on RGSE shares. Westpark Capital set a $2.00 price target on Real Goods Solar and gave the company a “buy” rating in a research report on Friday, November 2nd. Zacks Investment Research upgraded Real Goods Solar from a “hold” rating to a “buy” rating and set a $0.50 price target on the stock in a research report on Thursday.

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About Real Goods Solar

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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