Real Goods Solar Inc., the Louisville-based residential solar installer, received a delisting warning from the Nasdaq Stock Market because the price of its stock has fallen too low, exchange officials said Thursday.
The company, which trades as RGS Energy, was told by Nasdaq that its minimum market value had dropped below $35 million for the 30-day period between Feb. 24 and April 13, according to U.S. Securities and Exchange Commission filing.
RGS Energy’s stock will continue to be listed on the Nasdaq, but the company has 180 days to regain compliance by increasing its market value. The stock closed at 20 cents a share Thursday — a five-year low.
The company “will consider available options to resolve the deficiency and regain compliance” RGS Energy officials wrote in an SEC filing.
RGS Energy ended 2014 with a $57 million net loss, which officials attributed to a $40 million backlog and adverse weather on the East Coast.
