NEW YORK (TheStreet) -- Shares of Real Goods Solar Inc. (RGSE), or RGS Energy, are down -9.13% to $2.09 on very heavy trading volume after the turnkey solar energy solutions company for residential, commercial, and utility customers, rescheduled its conference call to August 19 to discuss results for the second quarter ended June 30.
The company said it rescheduled the call to provide more time for it to complete the accounting and reporting of the consolidation of businesses acquired earlier this year, Sunetric and Mercury.
Analysts polled by FactSet expect RGS Energy to report a loss of 10 cents a share. Sales are seen at $30 million, up from $21 million a year ago.
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."
Highlights from the analysis by TheStreet Ratings Team goes as follows: