Banking & Finance  January 24, 2017

Struggling solar firm plans 3rd reverse stock split

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LOUISVILLE — Real Goods Solar Inc. (Nasdaq: RGSE) has effected a reverse stock split, the company’s third in less than two years, at a ratio of one-for-thirty. The split will become effective at 11:59 p.m., Jan. 25.

Shareholders of the troubled solar installer approved the split at a special meeting of shareholders, Jan. 23. The shareholder approval applied to all outstanding shares of Class A stock, at a ratio within a range of one-for-five to one-for-35, according to the filing.

Shareholders authorized the board of directors to determine the specific ratio and timing of the reverse…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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