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Cowen and Company affirms its Market Perform rating on RGS Energy (Nasdaq: RGSE), but moves its target price from $2.60 to $2.50 following Q2 results and management change issued Tuesday night.
Analyst Jeffrey Osborne commented, For the first time, management elected to break out revenue and margins by residential, commercial and the Sunetric (Hawaii) segment. Commercial gross margins came in at negative 4.1% versus 22% for residential and 26.3% for Sunetric. Management noted the surge in competition coupled with capital chasing commercial projects has led to aggressive pricing for project development. Commercial... More
Roth Capital downgraded RGS Energy (NASDAQ: RGSE) from Buy to Neutral with a price target of $1.85 (from $6.00).
For an analyst ratings summary and ratings history on RGS Energy click here. For more ratings news on RGS Energy click here.
Shares of RGS Energy closed at $2.22 yesterday.
... MoreRGS Energy (NASDAQ: RGSE) filed to sell up to 5,015,000 shares of Class A Common Stock on behalf of selling shareholders.
... MoreRGS Energy (Nasdaq: RGSE) has appointed Dennis Lacey as chief executive officer, succeeding Kam Mofid, who has departed to pursue other interests.
Lacey formerly served as president of RGS Energy's Residential Solar Division. He brings to his new role as CEO of RGS Energy more than 25 years of executive financial management experience. Prior to joining RGS Energy in April 2014, Lacey held a number of senior executive positions at Imperial Bancorp, a $6 billion publicly-traded commercial bank best known for its high-tech lending practice, before it was acquired by Comerica. At Imperial Bancorp, he... More
RGS Energy (Nasdaq: RGSE), a nationwide leader of turnkey solar energy solutions for residential and commercial customers, has appointed Dennis Lacey as chief executive officer, succeeding Kam Mofid, who has departed to pursue other interests.
Lacey formerly served as president of RGS Energy's Residential Solar Division. He brings to his new role as CEO of RGS Energy more than 25 years of executive financial management experience. Prior to joining RGS Energy in April 2014, Lacey held a number of senior executive positions at Imperial Bancorp, a $6 billion publicly-traded commercial bank best known for its... More
RGS Energy (Nasdaq: RGSE) filed to delay its Form 10-Q submission with the U.S. SEC. The company offered the following explanation and update:
Real Goods Solar, Inc., (the Company) is unable to file its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2014 (the Quarterly Report) within the prescribed time period. On January 14, 2014, the Company completed the acquisition of Mercury Energy, Inc. and on... More
