The solar panel company announced that CEO Kam Mofid resigned in order to pursue other interests. Dennis Lacey, former head of the company's residential solar unit, will take over as the new CEO.
In its second-quarters results Real Goods Solar reported a loss of -46 cents a share, which may not be comparable to the Capital IQ Consensus Estimate of -8 cents a share. Revenue grew 70.2% year-over-year to $35.2 million for the quarter, beating analysts' estimates of $29.87 million.
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 unimpressive growth in net income, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself."
You can view the full analysis from the report here: RGSE Ratings Report