Kam Mofid, CEO of Real Goods Solar, Inc. (RGSE), says the downstream solar sector, including companies that support the end customers in terms of customer acquisition, design, engineering and installation, remains fragmented. As such, Mofid says he plans to grow Real Goods Solar through selective acquisitions.
“I think it is prudent for us to continue to monitor the competitive landscape and when appropriate transactions exist for us to look at them, not just for the sake of growth, but when specific and new capabilities can be added to the business whether it is new geography, whether it is new techniques improved tools, or much improved processes or any combination thereof,” Mofid says.
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At the same time, Real Goods Solar will remain focused on organic growth.
“There are a couple of dynamics in the solar sector, which are important to consider as we look at and execute our growth strategy,” Mofid says. “One dynamic is that the sector remains both healthy and one of the fastest-growing industries in the country. So there is substantial growth runway.”
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