NEW YORK (TheStreet) -- Real Goods Solar Inc. (RGSE) posted a fiscal year 2013 fourth quarter loss according to an SEC Form 8-K the company filed Tuesday afternoon. The solar panel manufacturer's stock was down 11.73% to $4.69 in aftermarket trading today.
The company posted a fiscal 2013 fourth quarter net loss of $2.5 million, or 8 cents per share, on $29.9 million in revenue. Year-to-year quarterly revenue increased 12% from $26.8 million. The company posted a net loss of $3.8 million for the same period in 2012.
The company posted a net loss of $11.3 million, or 38 cents per share, for fiscal 2013 despite a 9% increase in annual revenue to $101.3 million.
Must Read: Warren Buffett's 10 Favorite Stocks
TheStreet Ratings team rates REAL GOODS SOLAR INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate REAL GOODS SOLAR INC (RGSE) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow."