Why Real Goods Solar (RSOL) Could Be Positioned for a Surge?

Real Goods Solar, Inc. (NASD:RSOL) is a solar energy company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on RSOL’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Real Goods Solar could be a solid choice for investors.

Current Quarter Estimates for RSOL

In the past 30 days, no estimates have gone higher for Real Goods Solar and none have gone lower in the same time period. However, the trend has been pretty favorable, with estimates narrowing from a loss of 8 cents a share 30 days ago, to a loss of 6 cents today, a move of 25%.

Current Year Estimates for RSOL

Meanwhile, Real Goods Solar’s current year figures are also looking quite promising, with no upward or downward estimate revisions but the consensus estimate trend has seen a boost for this time frame, narrowing from a loss of 40 cents per share 30 days ago to a loss of 37 cents per share today, an increase of 7.5%.

Bottom Line

The stock has also started to move higher lately, adding 71.04% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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