RGS Energy conducts 1-for-20 reverse stock split, buys time in face of delisting

LOUISVILLE – Officials for solar installer RGS Energy might have bought themselves some time Monday by carrying out a 1-for-20 reverse stock split. But the troubled company isn’t out of the woods yet as it faces possible delisting by the Nasdaq stock exchange.

Louisville-based RGS, officially Real Goods Solar Inc., conducted the reverse split in an attempt to raise the company’s share price, which closed at 15 cents per share Friday.

The move did just that, as the company’s shares opened at $2.73 apiece Monday. Instead of about 96 million outstanding shares of Class A common stock, the company now has about…