Reuters: Global Markets: Real Goods Solar sees weak Q1, FY sales

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Real Goods Solar sees weak Q1, FY sales Mar 16th 2012, 19:16 Fri Mar 16, 2012 3:16pm EDT (Reuters) - Real Goods Solar (RSOL.O), an installer of solar energy systems, forecast full-year and first-quarter revenue below analysts' estimates, hurt by delays on a number of significant commercial projects. The company's shares, which have gained more than 43 percent of their value over the past 3 months, fell as much as 9 percent to $1.37 on Friday afternoon on the Nasdaq. Real Goods, whose commercial customers range from wineries to schools and apartment buildings to retail facilities, sees $20 million in revenue for the first quarter and $145 million for the full year. Analysts were expecting a revenue of $32.7 million for the current quarter and $193 million for the full year, according to Thomson Reuters I/B/E/S. "We have had a few unfortunate delays on projects that we expected originally to be built over the course of Q1 and Q2," Chief Executive Bill Yearsley said on a conference call with analysts. The company's fourth-quarter revenue almost doubled on its acquisition of Alteris Renewables Inc.

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