Real Goods Solar faces delisting from Nasdaq

DENVER — Real Goods Solar Inc. (Nasdaq: RGSE), which moved its headquarters from Louisville to Denver in 2017, once again faces delisting from the Nasdaq exchange.

The Denver Business Journal reports that Real Goods Solar received a letter from Nasdaq informing it that it could be delisted after its stock price fell below $1 for 30 consecutive days. Real Goods Solar received the letter Aug. 7, giving it until Feb. 4, 2019 — 180 calendar days — to regain compliance.

Real Goods Solar must achieve and maintain a stock price of at least $1 per share for at least 10 or more consecutive days to regain compliance with Nasdaq rules.

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The company has struggled to maintain its listing on Nasdaq for years and in December 2016 announced its third reverse stock split in an effort to boost the share price.The company’s stock closed at 44 cents per share, Sept. 4.