Real Goods Solar Inc fka RGSEQ

[Tcsxyz]

How so? They failed at their own game they were supposedly the first to be in. Now they are putting all their eggs into one state, California. Competing against a company for a industry barely anyone wants to be in and has a very small few customers that like it. Solar shingles.

Couple things:
-Solar shingles are behind in efficiency
-They don't look that great with houses that have dormers, valleys, or hips. How many houses you see being built today are straight gables?
-Modules are consistently increased for efficiency with the large amount of manufactures all forcing themselves to increase and innovate. Both in wattage and efficiency. RGSE will have to constantly be changing and improving this to stay competitive. When siting this against the LG, Canadian Solar, Jinko, Axitec, and Silfabs of the world...they can't execute.
-Tesla's look way better let's be honest here. If Tesla can't actually sell enough of these don't believe that RGS will.
-Actual numbers. When you configure a reroof and Hanwhas or Silfabs in real pricing in MA or MD it is 350 a sq for strip and reroof and 3.15-3.75 a watt. It's still is cheaper than the actual cost of the PH3.0
-Sistine Solar skins can make a LG340 mono covered in 85% skin still more efficient than this and look WAY better see here - https://www.sistinesolar.com/
-Dow / Dupont will NEVER acquire a company that literally gives them mailbox money monthly from each sale without having to lift a finger

This isn't comparing their fins or any of that. This is just within the industry. RGS was never taken as a premiere company. Rather, a company that focused on volume like Vivint or Sunrun. Now, they are trying to sell a premium product with a brand that has never accomplished that upper echelon of quality.

Although RGS may have a good plan in basically becoming a material vendor by exclusively selling to roofers and whatnot, they can't do it without a massive capital injection. Not only are they going to have to begin higher lots of units, they will now have a totally new set of problems on their hands. Ones that even Canadian Solar and many others can't do profitably and don't forget those companies do utility scale and heavy C&I. Issues like distribution, trucking, marketing and so on. Lastly, management at this company is honestly a laughing stock within the industry which hurts their credibility. A few points aside, this has zero reason to move north UNLESS: They can show they can overcome all of this and deliver. In other words, 3-4 quarters from now. When you factor in the ITC being cut 4% and another 4% over the next 20 months.....ouch.

GLTA and cheers