KUSA - RGS Energy - a rooftop solar-power installation company whose shares have been trading under $1 since last October - carried out a one-for-20 reverse stock split Monday in an attempt to boost share price.
The Louisville-based company (Nasdaq: RGSE), whose official name is Real Goods Solar Inc., has posted net losses for the last several quarters, although it significantly narrowed its losses in the first quarter from a year earlier.
It reported in April that it had been warned by the Nasdaq Stock Market that it faced possible delisting because the market value of its common stock had fallen below $35 million over a 30-day period.
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