Note: I have previously covered RGS Energy (NASDAQ:RGSE), so investors should view this as an update to my earlier articles on the company.
It has been a little over two months since my last article on RGS Energy was published. At that time, the company's shares were trading at multi-month highs on promising pre-order numbers for the company's new POWERHOUSE 3.0 solar shingles system ("the POWERHOUSE System") and management advertising a highly optimistic financial model:
Source: Company's Q3/2018 press release
To put the model into perspective:
RGS Energy recorded just $10.3 million in