Real Goods Solar, Inc. (NASDAQ:RSOL) Surges 11.3% During Yesterday’s Trading.


Dallas, Texas 01/10/2014 (FINANCIALSTRENDS) – Real Goods Solar, Inc. (NASDAQ:RSOL) the $121 million market capped solar power equipment manufacturer has seen its market valuation appreciate exponentially over the past month. This trend continued during yesterday’s trading. This emerging player in the alternate energy space boasts of having generated $98 million sales over the trailing 12 months by installing close to 14,500 solar power systems and enabling the production of close to 100 MW of solar energy. The manufacturer and contractor of solar power plants saw its market valuation shoot up by an impressive 11.3 percent during trading yesterday. At end of the day, the share price had settled at $4.01 per share, which translates into 395 percent increase over its prior 52 week low price points.

Yesterday’s surge happened on the back of news that a fellow solar solutions provider Mercury Systems has agreed to merge with a standalone subsidiary of Real Goods Solar, Inc. (NASDAQ:RSOL) post the shareholder approval provided by its investors. Following this development, Real Goods Solar, Inc. (NASDAQ:RSOL) has scheduled January 14 as the date when its own share holders will meet and vote on the proposal to merge one of its subsidiaries with Mercury Solar Systems. Analysts have opined that the merger which is in the works would help the solar player increase its presence in the “commercial and residential” properties solar businesses. The company has also been in the news for its recent announcement indicating commencement of operations in Puerto Rico.

Some of the high expectations from Real Goods Solar, Inc. (NASDAQ:RSOL) arise from the fact that its revenue has been growing at a faster pace (28.9 percent year on year) than its completion and industry average growth of 10 percent. Their earnings per share has shot up by a huge 95 percent in the same one year time period.