Dallas, Texas 04/10/2014 (FINANCIALSTRENDS) – Real Goods Solar, Inc. (NASDAQ:RGSE) with its repertoire of solar engineering construction firms, residential as well as commercial buildings has chosen 2014 as the year it will move across the solar sector and establish deeper moorings.
Real Goods Solar, Inc. (NASDAQ:RGSE) following the announcement of investing in a solar provider located in Hawaii. Called as Elemental Energy this solar player is already an established brand – Sunetric- in delivering a range of services as installation.
Real Goods Solar, Inc. (NASDAQ:RGSE) will hold over $9 million of the stock and has offered $7 million in cash. Elemental Energy also holds $3 million in potential earn-outs.
Currently, the number of employees working on the Sunetric is 90 employees and already holds revenues of $38 million in 2013. The company has also completed installation capacity of 65MW ever since it was founded in 2004.
However, its fourth quarter results for 2013 have not been as exciting as the company reported poor performance, indicating not a very happy fiscal year ahead in 2014.
According to the report, the revenue was perhaps one of the few factors which were higher than previous year by a whopping 12%, valued at $29.9 million. Additionally, the company also reported installation of 8.8MW of solar power, in the past quarter.
Real Goods Solar, Inc. (NASDAQ:RGSE) has a market capital of $169.90million and trade volumes in the region of 567,149. The stock has also reported 52 week high of $7.17 and low of $1.56. EPS is negative and poised at -0.38.
Real Goods Solar, Inc. (NASDAQ:RGSE) has focused on design, procurement as well as permitting services. The company has also engaged in build-out besides grid connectivity optimization. The key factors, which have led to Real Goods Solar considered as a serious solar engineering player is the warranty as well as customer satisfaction it provides with every service delivered.