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California regulator sides with rooftop solar; Real Goods Solar surges

Sep. 28, 2016 11:19 AM ETReal Goods Solar, Inc. (RGSEQ) StockEIX, SRE, PCG, RGSEQBy: Carl Surran, SA News Editor3 Comments
  • Real Goods Solar (RGSE +5.5%) extends strong gains following this week's favorable solar related decision by the California Public Utilities Commission, which rejected an attempt to make rooftop solar panels more expensive; RGSE shares have more than doubled over the past two trading sessions.
  • At stake was the state's net metering program that requires major utilities to compensate solar-powered homes and businesses for the electricity they send to the grid.
  • Southern California Edison (EIX -0.8%), PG&E (PCG -0.9%) and Sempra Energy's (SRE -0.6%) San Diego Gas & Electric subsidiary had lobbied the PUC to lower the compensation rate and to approve new charges for solar customers.

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