RGS Energy posts loss for 2013
Last Updated: 16:33 March 25, 2014
The Louisville-based provider of turnkey solar solutions for residential, commercial and utility customers, said during the fourth quarter that ended Dec. 31, that it completed its largest installation to date, a 4.2 megawatt solar-electric system in Massachusetts.
During the quarter, revenue improved to $29.9 million, up 12 percent from $26.8 million during the same quarter a year ago. Its net loss of $2.5 million for the quarter improved from a net loss of $3.8 for the same quarter a year ago.
The company said the improvement was achieved despite harsh weather, which negatively impacted the company's anticipated installations in both commercial and residential markets.
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