Real Goods Solar, Inc. (NASDAQ:RGSE) shares listed lower Friday after the company accepted the first purchase order for its POWERHOUSE solar shingle system.
The Denver-based Real Goods boasts a status as America’s Original Solar Company providing solar, storage and energy services whose mission is clean energy savings.
The company is the exclusive manufacturer of POWERHOUSE™, an innovative in-roof solar shingle using technology developed by The Dow Chemical Company. RGS Energy also sells, designs and installs traditional retrofit solar systems for residential homeowners, commercial businesses, non-profit organizations and government entities.
"We have now successfully manufactured our product as planned and accepted our first customer purchase order," said Dennis Lacey, RGS Energy’s CEO.
"We remain on track for revenue to increase substantially in the first quarter of the New Year. We have already arranged with our supply chain partners for over five megawatts of POWERHOUSE™ to be manufactured and ready for distribution during the first quarter. We plan to increase the number of POWERHOUSE™ shingles manufactured each quarter throughout 2019."
Shares lost a penny, or 2.7%, to 51 cents
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