NEW YORK (TheStreet) -- Real Goods Solar (RGSE - Get Report) stock is lower in post-market trading Wednesday after the alternative energy company posted a wider-than-expected net loss than analysts expected.
After the bell, shares had dropped 12.7% to $2.62.
Over the three months to March, the company reported net losses of 32 cents a share, 19 cents wider than analysts surveyed by Thomson Reuters expected. Revenue of $22.14 million climbed 32% higher year over year but missed estimates of $24.3 million.
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TheStreet Ratings team rates REAL GOODS SOLAR INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate REAL GOODS SOLAR INC (RGSE) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, poor profit margins and weak operating cash flow."
- You can view the full analysis from the report here: RGSE Ratings Report