Yesterday, Real Goods Solar, Inc. (NASDAQ: RGSE) ran in value on what seemed to be no news. However, we noticed a trend and saw that news was likely coming. Well, today, the company released news with regard to its solar shingle system, only expanding on recent excitement and sending the stock further up. Today, we’ll talk about:
- The news;
- what we’re seeing from RGSE stock as a result; and
- what we’ll be watching for ahead.
RGSE Announces Solar Shingle System Exibit
As mentioned above, Real Goods Solar is having a strong start to the trading session this morning after announcing that it will provide an exibit soon. From December 5th through December 7th, the company will be at the TecHome Builder Summit. At the Summit, the company plans on excibiting its POWERHOUSE Solar Shingle System.
The TecHome Builder Summit is a VIP event, hosting the nation’s top high-value, luxury and multifamily homebuilding companies. During the event, the leaders in the space explore opportunities, challenges and requirements for success in the world of home technology.
At the event, RGSE will be the exibitor at booth #321. At the booth, the company will provide a visual of what they call the “Visually Stunning” POWERHOUSE 3.0 solar shingles. These shingles just received UL certification earlier this month. The company will also be providing information and answers to questions of guests.
What We’re Seeing From The Stock
As investors, one of the first lessons that we learn is that the news leads to moves in the market. In the case of RGSE, the news proved to be overwhelmingly positive. After all, at the TecHome Builder Summit, the company not only has the opportunity to show off its latest and greatest in the world of solar shingles, it also has the opportunity to create relationships with leading customers in the industry as well as potential partners and big money investors. So, it comes as no surprise to see that excited investors are sending the stock on a run for the top. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (9:33), RGSE is trading at $0.88 per share after a gain of $0.12 per share or 15.68% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the iWatch Markets team will continue to keep a close eye on RGSE. In particular, we’re interested in following the story surrounding the company’s continued work to become the leader in the realm of solar shingle systems. Don’t forget, the company is in a race with Tesla to take the market by storm! Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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