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Today's Research Reports on Trending Tickers: Real Goods Solar and SunPower

NEW YORK, NY / ACCESSWIRE / November 27, 2018 / Real Goods Solar and SunPower Corporation were two solar energy stocks seeing big gains on Monday despite any news from either company.

The Market Edge Initiates Coverage on:

Real Goods Solar, Inc.
https://marketedgereport.com/report/RGSE/

SunPower Corporation
https://marketedgereport.com/report/SPWR/

Real Goods Solar, Inc. shares closed up 20.78% yesterday on nearly 27 million shares traded. Trading volume was about ten times higher than usual on Monday despite any news from the company. Not too long ago the company was featured in a recent article by PV Tech where senior news editor, Mark Osborne wrote, "Of course, there is potentially a ‘no contest’ call as Tesla’s tiles are pegged at the luxury end of the housing market, due to technology, manufacturing and quality perceptions and costs, as well as and its target of its existing customer base from the EV sector. RGS, we suspect would not turn that market away or dissuade its roofer customer base from such business but clearly the initial market is addressing residential homeowners with asphalt rooftops, which represent about 85% of US homes, according to RGS.” Dennis Lacey, CEO of RGS Energy, commented: “We agree with Mark’s analysis in his article regarding our spot in the competitive landscape. An asphalt roof with POWERHOUSE™ Solar Shingles can be thousands of dollars less expensive than other integrated solar products installed with high-cost tile or concrete roofing materials. POWERHOUSE™ solar shingles are designed to integrate with asphalt roofing products, and when combined with incentives and tax credits, we believe makes POWERHOUSE™ the most affordable solar shingle system on the market.”

Access The Market Edge's Real Goods Solar, Inc. Research Report:
https://marketedgereport.com/report/RGSE/

SunPower Corporation shares closed up 16.34% yesterday on about 6.6 million shares traded. While there was no remarkable news yesterday, the company recently said it had reached an agreement with Cabot Corp. (CBT) to install a 1.12-megawatt (MW) solar project coupled with 940 kilowatt hours (Kwh) of integrated energy storage system at Cabot's Business and Technology Center in Billerica, Massachusetts. The project is expected to commence next summer. SunPower reported third quarter results not too long ago with CFO Manavendra S. Sial saying on the earnings call, "Our non-GAAP revenue was essentially in line with our guidance as we executed well in all segments. Power plant revenue, while in line sequentially, was below plan as P-Series volumes out of our China JV were impacted by certain international project delays in our SunPower Solutions business. On the DG side, we saw both sequential and year-over-year revenue growth with higher volumes. Overall, our consolidated non-GAAP gross margin was 4.7%. This was slightly below the lower end of our guidance as strength in our higher-margin residential business was more than offset by the impact of project push-outs in our global power plant equipment sales segment. Our gross margin results also reflected a onetime $8 million retrofit charge for one of our previously developed power plant projects."

Access The Market Edge's SunPower Corporation Research Report:
https://marketedgereport.com/report/SPWR/

Our Actionable Research on Real Goods Solar, Inc. (NASDAQ: RGSE) and SunPower Corporation (NASDAQ: SPWR) can be downloaded free of charge at The Market Edge.

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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.

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SOURCE: The Market Edge