RGS Energy (RGSE) Posts Mixed Q3 Results

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Go back to RGS Energy (RGSE) Posts Mixed Q3 Results

Roth Cuts PT on RGS Energy (RGSE) to 80c Following Q3 Miss, Lack of Guidance

November 20, 2014 6:36 AM EST

Roth Capital trims its price target on RGS Energy (Nasdaq: RGSE) from $1.85 down to 80 cents, but maintains an Neutral rating following Q3 results issued Wednesday night.

Analyst Philip Shen offered the following thoughts on RGSE: RGSE posted a miss on its residential metrics vs. our estimates and did not issue guidance. Despite the miss, positives in the quarter include (1) ASPs being up 6.5% YoY and (2) Backlog increased 137% YoY to $58mn.... More