For the full year, we have seen 1 estimates moving down in the past 30 days, compared with no upward revision. A Zacks Rank #4 (Sell) further confirms weakness in RGSE.Ī key reason for this move has been the negative trend in earnings estimate revisions. ( RGSE), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. One such stock that you may want to consider dropping is Real Goods Solar, Inc. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio. To read this article on click here.Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns.
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SunPower Corporation (SPWR) : Free Stock Analysis Report (RGSE) : Free Stock Analysis ReportĮnphase Energy, Inc. Click to get this free reportįirst Solar, Inc.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. The stocks in this report could perform even better. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. FSLR incurred a loss of 64 cents per share in first-quarter 2019, wider than the Zacks Consensus Estimate of a loss of 13 cents.Įnphase Energy ENPH reported first-quarter 2019 adjusted earnings of 8 cents per share against adjusted loss of a cent in the year-ago quarter.īreakout Biotech Stocks with Triple-Digit Profit Potential The company is scheduled to report first-quarter results on May 9.įirst Solar Inc. SunPower Corporation SPWR has an Earnings ESP of +22.50% and a Zacks Rank #2. Here is a player from the Solar industry that has the right combination of elements to post an earnings beat this quarter. Price and EPS Surprise | Real Goods Solar, Inc. In line with this, the Zacks Consensus Estimate for Real Goods Solar’s first-quarter bottom line shows an improvement of 97.6%, when compared to the prior year quarter’s reported figure. Nevertheless, higher revenues generated from the sale of the POWERHOUSE shingles should boost the company’s quarterly earnings significantly.
This delay might have an unfavorable impact on the company’s bottom-line performance in the soon-to-be-reported quarter. This in turn led to a significant delay in the commercialization of the POWERHOUSE solar shingles. The company, which had previously expected to obtain the UL product certification in early 2018, ended up receiving the certification in November 2018. On the flip side, the timing for the launch of POWERHOUSE didn’t turn out to be advantageous for Real Goods Solar. In line with this, the Zacks Consensus Estimate for Real Goods Solar’s first-quarter revenues is pegged at $15.8 million, indicating a massive surge of 460.6% from the figure reported in the year-ago quarter. Moreover, with legislation like the California 2020 Solar Mandate and a significant amount of written reservations from roofing companies, we expect the company to have secured ample orders and the upcoming results to subsequently reflect We may expect the upcoming quarterly results to reflect the same. Undoubtedly, the commercialization of this product will boost Real Goods Solar’s revenues in the first quarter of 2019. Let’s see how things are shaping up prior to this announcement.įollowing the receipt of the product certification for its POWERHOUSE 3.0 solar shingle system in November 2018 and the California Energy Commission’s approval to market the same in January 2019, Real Goods Solar started manufacturing and commercializing this system. The company missed the Zacks Consensus Estimate in two of the trailing four quarters, the average negative surprise being 46.26%. RGSE is expected to release first-quarter 2019 results soon.
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