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Real Goods Solar (RSOL) names David Belluck, the head of P-E firm Riverside Partners, its new...

Real Goods Solar (RSOL) names David Belluck, the head of P-E firm Riverside Partners, its new chairman. He replaces founder Jirka Rysavy, who announced plans to step down yesterday. Shares +1.7% AH. (PR)
Comments (2)
  • KpJmar
    , contributor
    Comments (2) | Send Message
     
    Does anyone know why this stock is so volatile?
    13 Jun 2013, 12:08 AM Reply Like
  • ursf
    , contributor
    Comments (157) | Send Message
     
    (discl: I am currently long RSOL)
    I would not say I know. But this change of chairman, the founding chairmen leaving, must have had its prelude. The replacement was very quick though and hopefully some stability will come out of that. Another potential reason for volatility. A couple of weeks ago this share has been "discovered" as a play similar to SCTY of Elon Musk, the Tesla chairman. While the comparison is justified in many ways, it may have led to a temporay over-reaction. So, while a short term spike stock price for RSOL above $7 may have looked a bit crazy, given SCTY's run from a $8 IPO to >$50 in 6 - 7 months, I would think RSOL could easily reach 2 digits in the second half of 2013.
    13 Jun 2013, 09:11 AM Reply Like
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