Canaccord Adams Starts Real Goods Solar (RSOL) at Speculative Buy
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Canaccord Adams initiates coverage on Real Goods Solar (Nasdaq: RSOL) with a Speculative Buy rating and a $9 price target.
The firm calls Real Goods Solar the leader "in the highly fragmented residential solar energy integrator market". Canaccord believes systems integrators like Real Goods Solar will be able to capitalize as new silicon supply comes online and competition drives down solar cell/module pricing given "strong market demand resulting from substantial price declines."
Canaccord points out that there is currently no national, or even regional, solar systems integrator. As Real Goods Solar has already been involved in consolidating this industry, the firm believes Real Goods Solar could be this first national integrator.
Real Goods Solar, Inc. operates as a residential solar energy integrator in California.
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