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UPDATE: Canaccord Initiates Coverage On Real Goods Solar

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In a note released July 2, Canaccord analyst Josh Baribeau initiated coverage on Real Goods Solar (NASDAQ: RGSE) with a Buy rating and a $4 price target.

Shares of Real Goods have jumped up over four percent, holding right around the $3 mark at last check.

Baribeau said, "We believe it has ‘crossed the chasm' and is about to reach the critical mass needed to begin taking advantage of some of the financial innovation driving further growth and allowing the company to capture more value in the solar market."

Looking forward, he expects the company to benefit from continuing pressure on the price of solar components and says it's likely that it will break-even later this year with potential profitability coming in 2015.

Latest Ratings for RGSE

DateFirmActionFromTo
Aug 2014MaintainsBuy
Aug 2014DowngradesBuyNeutral
Jul 2014DowngradesOutperformMarket Perform

View More Analyst Ratings for RGSE
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Posted-In: Canaccord Josh BaribeauAnalyst Color Price Target Initiation Analyst Ratings

 

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