NEW YORK (TheStreet) -- Shares of Real Goods Solar Inc. (RGSE) are up 7.92% to $2.86 after it announced it was selected by Georgetown Mews Owners Corp. to design and install solar power systems for its apartments in Queens, New York.
RGS Energy will deploy one megawatt of solar power systems, which is expected to offset 35% of the electricity costs for for 930 garden apartments.
Financial terms of the deal were not disclosed
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Separately, 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 multiple weaknesses, 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 unimpressive growth in net income, poor profit margins and weak operating cash flow."