Real Goods Solar (RSOL) has had quite a run off the Nov lows, more than doubling in price. The stock has surged again today with heavy volume on news it has signed a 790kW residential solar deal that will have the company designing and installing solar electricity across several affordable housing communities in San Francisco and Richmond, CA. Up front installation costs for the solar power were slashed with the help of San Fran’s GoSolarSF solar energy program as well as the California Initiative Affordable Solar Housing Rebate Program
RSOL CEO John Schaeffer commented, “This project provides us the opportunity to showcase our strengths at Real Goods Solar, from expert installation to education to renewable energy living. Richmond and San Francisco will have beautiful systems that will produce low-cost power for decades to come, and allow them to be an example for sustainability and green collar jobs in the community.”
Shares of RSOL are currently up another 16% today and breaking through resistance just above the $3 level.