Real Goods Solar, Inc. (NASDAQ:RSOL): Gaiam, Inc. Unloaded 1 million Shares – GAIA


Dallas, Texas 09/23/2013 (Financialstrend) – A solar energy company, Real Goods Solar, Inc. (NASDAQ:RSOL), delivers comprehensive solar system solutions including design, finance, permission and installation, support services, monitoring and maintenance to its wide customer base. It caters to residential, commercial and utility customers. The company offers its solar energy solutions to commercial and utility markets through RGS Energy division. Recently in August 2013, the company acquired Syndicated Solar, Inc.

Recently, in a transaction that took place on September 13, 2013, Real Goods Solar, Inc. (NASDAQ:RSOL)’s major investor Gaiam, Inc. (NASDAQ:GAIA) sold 1 million shares at an average price of $2 per share. Post transaction, Gaiam, Inc. (NASDAQ:GAIA) now holds 3.04 million (just over 10%) shares of Real Goods Solar, Inc. (NASDAQ:RSOL). Earlier the Gaiam, Inc. (NASDAQ:GAIA) founder Jirka Rysavy resigned from the chairmanship Real Goods Solar, Inc. (NASDAQ:RSOL), about a quarter ago. To remind, Gaiam, Inc. (NASDAQ:GAIA) also unloaded more than 6.01 million shares in transaction dated May 28, 2013 for an average price of $2.76, totaling the transaction value of $16.57 million.

The company reported the revenue of $20.67 million for 2Q13, around 3.75% decrease from $21.45 million reported during 2Q12. The company reported earnings per share at ($0.11) for 2Q13. The company reported significant upside in solar energy systems deployment, which increase by 18% during 2Q13 compared to 2Q12 and the same increase (20%) during 1H13 compared to 1H12. During the first half of 2013, the solar energy systems deployment stands at 10.2 MWs.

Unlike many of solar industry players, Real Goods Solar, Inc. (NASDAQ:RSOL) has delivered over 100% year to date returns and to be precise more than 300% returns, gaining around $1.83 per share. The 52 week price of the stock ranges between $0.40 and $7.17. On Friday, September 20, 2013 the stock gained around 5.25% and closed at its intraday high of $2.4. The company has market capitalization of $147.21 million with 28.15 million total shares outstanding.