Real Goods Solar, Inc.(NASDAQ:RGSE)’s POWERHOUSE™ 3.0 Solar Shingle System recently received completion notice of authorization and product testing so that now it can apply for the UL Mark. RGS Energy is an exclusive global manufacturer of the POWERHOUSE™ Solar Shingle system which attracts attention due to is stunning appearance.
RGSE receives $126 million from 87 roofers
The CEO of RGS Energy, Dennis Lacey said, “Receiving UL certification allows us to apply the UL Mark to our POWERHOUSE™ Solar Shingle System, We will immediately begin manufacturing and taking purchase orders for POWERHOUSE™ nationwide.”
The company received $126 million from 87 roofers in 32 states in written reservations. Incidentally, the distribution channel as well as the manufacturing supply chain of the company is very strong due to which it can immediately start rolling out POWERHOUSE™ 3.0 Solar Shingle System. Prior to commercializing the product across the globe, the company will have to fulfill the International Electrotechnical Commission testing.
The primary mission of the Original Solar Company from America providing solar, storage and energy services is saving through clean energy. The exclusive manufacturer of POWERHOUSE developed by The Dow Chemical Company also sells and designs as well as provides traditional retrofit solar systems installation service to multiple entities. These include non-profit organizations, government entities, commercial businesses and residential homeowners.
RGSE reports third quarter results
Recently the solar energy company RGSE announced its third quarter results that ended on September 30, 2018. The company filed the quarterly report on Form 10-Q so that the readers can read the complete filing. Immediately after getting UL certification for its Powerhouse 3.0 solar shingles, the company started taking orders from the clients.
According to the company, it expects that sale of kit to the roofer including inverter, monitoring, shingles, freight charges, balancing non-electrical system components will generate on average revenue of $19,000. The company believes that it will be the first real mover as well as the industry leader in providing built-in photovoltaic shingles. Furthermore, the California Solar Mandate will most probably place RGSE in a position from where its revenue will grow significantly.
This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.