Real Goods Solar finally has received UL certification for their Powerhouse 3.0 Solar Shingle system.
On November 2, 2018, RGS Energy (RGSE) reported that the POWERHOUSE™ 3.0 solar shingle system has received notice of completion of product testing and authorization to apply the UL Mark.
“Receiving UL certification allows us to apply the UL Mark to our POWERHOUSE™ Solar Shingle System,” commented Dennis Lacey, RGS Energy’s CEO. “We will immediately begin manufacturing and taking purchase orders for POWERHOUSE™ nationwide.”
RGS Energy has received $126 million in written reservations from 87 roofers across 32 states.
The company’s manufacturing supply chain and distribution channel is already in place for the nationwide rollout of POWERHOUSE™ 3.0.
The company will pursue International Electrotechnical Commission testing to commercialize the product worldwide.
I have been burned in RGSE stock in the past but am taking a long-term starter position. This is a dead money play with a 2 to 3 year time horizon. I may accumulate the stock on pullbacks if the growth story stays intact.