Related Tickers: Real Goods Solar, Inc. (NASDAQ:RSOL), Lennar Corporation (NYSE:LEN)
A Solar Energy Secret Uncovered: Real Goods Solar (24/7 Wall St.)
Last Friday shares of Real Goods Solar, Inc. (NASDAQ:RSOL) virtually doubled. Shares are up another 50% so far today and have been trading around $6 a share after posting a new 52-week high of $6.43 earlier. That’s still about 30% below the solar PV installer’s 2008 IPO price of $9.25, but after languishing below $2 a share for more than a year, no one’s complaining. Real Goods has signed a deal with homebuilder Lennar Corporation (NYSE:LEN) to install solar PV at some of the homebuilder’s new communities in California, with a potential to expand to other areas of the country. Both Real Goods and SolarCity operate exclusively in the U.S., so neither is taking advantage of the expanding solar market in Japan.
Real Goods Solar, Inc. (NASDAQ:RSOL) (Louisville, Colorado, US) has unveiled a line of complete, pre-engineered solar photovoltaic (PV) systems for residential customers in the United States. Systems are available with prices starting at less than USD 6,000. Real Goods notes that its PowerOn offering can be used in conjunction with its leasing and financing options. “These convenient solutions are part of Real Goods Solar, Inc. (NASDAQ:RSOL)’s vision and commitment to bring solar to the mainstream by continuously improving upon the economic benefits of going solar for our customers,” stated Real Goods Solar CEO Kam Mofid.
Stocks with Breaking News (RSOL, WBSN) (SBWire)
No Colorado-based company has been able to hold a match to Real Goods Solar, Inc. (NASDAQ:RSOL)’s stellar performance. A more than 100% rise is definitely worth a mention. The very high trading saw the stock hitting the roof. Real Goods Solar, Inc. is a company that deals in the solar energy sector. It serves residential, commercial and utility customers. As of 5 February 2013, it had installed in excess of 14,500 solar power systems. This number represented more than 100 megawatts of 100eprcent- clean renewable energy. Real Goods Solar, Inc. (NASDAQ:RSOL), Inc provides its customers with complete solar solutions. This starts from the designing, financing, and permission and installation right upto to continuous monitoring, maintenance services and support. The Company services the utility and commercial markets via its RGS Energy division.
A Hidden Gem In The Solar Industry? (Seeking Alpha)
Real Goods Solar, Inc. (NASDAQ:RSOL) is an installer based in Louisville, Colorado and operating in eleven states; they have deployed over 100 MW of solar since 2008. They have found particular success with the educational market. Big institutions such as Wal-Mart (WMT) and the military seem to be deploying more solar because it saves them money, and schools and universities are no exception. I was pleased to hear, on the May 9 earnings release conference call, that the company has cut operating expenses by 6% in the past year.
Global Solar Market Could Be ‘Carved Up’; US, EU, China in Negotiations (StreetInsider.com)
According to reports in the New York Times, the US, EU, and China are in negotiations over solar panel anti-dumping cases. A plan is taking shape that would “carve up the global solar panel market into a series of regional markets.” If negations are successful, tariffs in the U.S. could be replaced. The news comes amid a massive rally in solar stocks today. First Solar, Inc. (Nasdaq: FSLR), SolarCity Corporation (Nasdaq: SCTY), LDK Solar Co., Ltd. (NYSE: LDK), JA Solar Holdings Co., Ltd. (Nasdaq: JASO), and Real Goods Solar, Inc. (NASDAQ:RSOL) are among gainers.
