![]() According to BBC Research, the global market for BIPV will grow at a 12.2% CAGR from $2.5 billion in 2016 to $4.3 billion by 2021. Outside of the U.S., the exclusive license allows RGS to market the product internationally. With a typical asphalt roof lasting 20 to 25 years, RGS estimates that annually there are approximately 5 million homes needing new roofs in the United States. The POWERHOUSE™ product is well-suited for homeowners needing to replace their roofs. The design of POWERHOUSE™ 3.0 solar shingles addresses the critical requirements of customers and installers and achieves a price point that will be very competitive." Kirk Thompson, Business Director of Dow Solar, noted, "We are very pleased to partner with RGS Energy for the commercialization of our POWERHOUSE™ 3.0 product We believe that RGS is well positioned to optimize the market potential for POWERHOUSE™ 3.0 solar shingles system. Given this familiarity with Dow and POWERHOUSE™ solar shingles, we are in a unique position to commercialize POWERHOUSE™ 3.0 solar shingles." We have been the POWERHOUSE™ solar shingles official warranty service provider since 2015. POWERHOUSE™ 3.0 solar shingles fulfills this need. Customers also increasingly want their solar installations to be an aesthetic and technical improvement integrated with a home renovation, rather than a hefty module that is bolted onto their rooftop. Some localities are mandating solar for new build homes. RGS Energy CEO Dennis Lacey commented, "This enhanced POWERHOUSE™ 3.0 system comes at an opportune time At an increasing rate, goals and targets are being set for renewable energy. RGS plans to begin sales and installation of POWERHOUSE™ 3.0 solar shingles immediately thereafter. RGS and Dow anticipate UL product certification during the first quarter of 2018 and are taking pre-orders in advance of final written certification. RGS will lead all commercial activities for the product, including supply chain management, marketing, sales, installation and warranty. The reason? The solar company announced an exclusive domestic and international license agreement with The Dow Chemical Company for the POWERHOUSE solar shingles system, an innovative and aesthetically pleasing solar shingle system developed by Dow that has been deployed on more than 1,000 homes. (NASDAQ: RGSE) shares tripled in less than one hour after the markets opened today. To read this article on click here.Real Goods Solar, Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year. This outperformance has not just been a recent phenomenon. Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%. Prominent solar players like Azure Power Global AZRE, Enphase Energy ENPH and First Solar FSLR are yet to release their quarterly numbers. Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions. With recent legislation like the California 2020 Solar Mandate and over $100 million in written reservations from roofing companies, we can expect the company to win more orders and the upcoming results to duly reflect that. Management continues to believe that Real Goods Solar is in a unique position to be the first real mover in the solar shingle marketplace. This, is turn, might prove detrimental to Real Goods Solar’s bottom line in the soon-to-be-reported quarter. However, headwinds like fluctuating oil prices and foreign currency rates with China may push up costs for the company. We may expect the upcoming quarterly results to reflect the same. Undoubtedly, receipt of the product certificate will further boost Real Goods Solar’s revenue growth in the fourth quarter. As of Sep 30, 2018, POWERHOUSE written reservations exceeded $127 million in potential annual revenues. In November 2018, Real Goods Solar received the product certification for its POWERHOUS 3.0 solar shingle system, which has provided manufacturing right to the company in the United States.
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