Real Goods Solar Inc. was handed a delisting notice from the Nasdaq exchange after the troubled Louisville-based residential solar installer’s stock closed below $1 per share for 30 consecutive trading days.
Real Goods Solar, which does business as RGS Energy, disclosed the notice Thursday in a filing with the U.S. Securities and Exchange Commission.
RGS Energy’s stock (Nasdaq: RGSE) closed down 2 cents, or 2.4 percent, at 74 cents on the abbreviated Christmas Eve trading day. Shares last finished above $1 in early November, prior to the company’s reporting of a $4.3 million net loss on $10.4 million in revenue for the .
RGS Energy has until June 20, to regain compliance by maintaining a closing share price of $1 or more for 10 consecutive business days.
RGS Energy and its stock have stuggled with . The company faltered amid an increasingly competitive solar energy industry.
In the past 18 months, RGS Energy made attempts that included , closing offices and making a greater push into leasing programs.
Alicia Wallace: 303-954-1939, awallace@denverpost.com or @aliciawallace
