Colorado solar installer (Real Goods Solar formerly Syndicated Solar) faces stock delisting

Real Goods Solar Inc. says it has been warned by the Nasdaq Stock Market that it could be delisted because its stock price had closed below the minimum $1 per share requirement for the last 30 consecutive business days. Louisville-based Real Goods Solar, which does business as RGS Energy, is a rooftop solar-power installation company. The last time the firm faced a delisting by the Nasdaq, it conducted a reverse stock split to get back onto the stock market. RGS Energy (Nasdaq: RGSE) shares opened at 52 cents Friday. The share price last topped $1 in early November; shares topped $4 as recently as June. The company has until June 20 to regain compliance by getting its stock price to $1 per share or more for a minimum of 10 straight business days. RGS Energy, through its spokesman, Grant Stude, said that it intends to actively monitor the bid price for its common stock between now and June 20. “[We] will consider available options to resolve the deficiency and regain compliance with the Nasdaq minimum bid price requirement,” he said. In March, RGS announced it had "begun a process of reorganization and realignment" that included reducing its employee head count by 100 positions, or 30 percent of its staff, mostly in California.