Alan Fine Acquires 85000 Shares of Real Goods Solar, Inc. (NASDAQ:RGSE) Stock

Real Goods Solar, Inc. (NASDAQ:RGSE) CFO Alan Fine bought 85,000 shares of the business’s stock in a transaction on Friday, November 16th. The stock was purchased at an average cost of $0.54 per share, with a total value of $45,900.00. Following the purchase, the chief financial officer now owns 95,000 shares of the company’s stock, valued at $51,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:RGSE traded up $0.13 during trading on Monday, reaching $0.76. 433,878 shares of the company traded hands, compared to its average volume of 9,670,272. Real Goods Solar, Inc. has a 52-week low of $0.30 and a 52-week high of $1.92.

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

RGSE has been the subject of several research reports. Zacks Investment Research raised Real Goods Solar from a “hold” rating to a “buy” rating and set a $0.50 target price for the company in a research note on Thursday, November 8th. Westpark Capital set a $2.00 price objective on Real Goods Solar and gave the company a “buy” rating in a research note on Friday, November 2nd.

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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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