Stock Update (NASDAQ:RGSE): Here’s Why Real Goods Solar, Inc. Shares Tumbled 20% Today


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Shareholders of Real Goods Solar, Inc. (NASDAQ:RGSE) are having a rough day after the solar energy company announced that all of its Series A 12.5% Mandatorily Convertible Preferred Stock, stated value $1,000.00 per share has been converted into shares of the Company’s Class A common stock, par value $0.0001 per share. Through September 29, 2016, the originally issued 2,800 shares of Preferred Stock had been converted into 1,562,536 shares of Common Stock at an average conversion price of $1.77.

The Company also announced that as of September 30, 2016, certain holders of the Company’s Series H Warrants had exercised such warrants at the exercise price of $5.50 per share to acquire 285,454 shares of Common Stock for a total exercise value of $1,569,998. (Original Source)

Real Goods Solar shares reacted to the news, falling 20% as of this writing.

Real Goods Solar, Inc. is a residential and commercial solar energy engineering, procurement, and construction firm. It offers turnkey services, including design, procurement, permitting, build-out, grid connection, financing referrals and warranty and customer satisfaction activities. 

  • M3D1T8R

    “A rough day”? Try a rough couple of years, down over 99%. Hard to do worse than that. So what’s a “rough day” here and there.
    This company is a textbook example of how not to do things, or how to screw over shareholders. Original founder John Schaeffer should be in prison, the way he personally profited while taking investors money year after year. All that money, some people’s entire savings, is completely gone now.
    Let me know when this is back to around 500 so I can cash out somewhat near even. Until then, “rough day” is just a bad joke.

  • We have recently received notification that there will be a Reverse Split with the stock Real Good Solar Inc. (RGSE). The company underwent a 1 for 30 reverse split on the 26 of January 2017. If you have a number of shares in the company your funds could take up to 2-4 weeks to process a payment.

    http://newinvestingtips.com/reverse-splits-corporate-actions-rgse/