Westpark Capital analyst Ishfaque Faruk initiated coverage with a Buy rating on Real Goods Solar (NASDAQ: RGSE) today and set a price target of $2. The company’s shares opened today at $0.63, close to its 52-week low of $0.37.
Faruk observed:
“We believe the POWERHOUSE product will enable RGSE to grow revenues significantly in the next few years. We initiate coverage with an Outperform rating and a $2 price target for RGSE.”
According to TipRanks.com, Faruk is ranked #4695 out of 4826 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Real Goods Solar with a $2 average price target.
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The company has a one-year high of $3.25 and a one-year low of $0.37. Currently, Real Goods Solar has an average volume of 882.6K.
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Real Goods Solar, Inc. provides solar energy systems to homeowners, and commercial building owners. It offers turnkey services, including design, procurement, permitting, build-out, grid connection, financing referrals, and warranty and customer satisfaction activities. The firm operates through four segments: Residential, Sunetric, POWERHOUSE and Other.
