Boston, MA 05/28/2013 (wallstreetpr) – The share prices of Real Goods Solar Inc. (NASDAQ:RSOL) had declined by 5.42 percent to close at $4.01 per share for the end of last trading session. The shares of the solar energy company had been trading in the range of $3.71 to $4.30 per share during the day. Real Goods Solar Inc. (NASDAQ:RSOL) is involved in providing solar energy services to commercial, residential and utility consumers.
Issue of new shares and warrants
The Louisville based Real Goods Solar Inc. (NASDAQ:RSOL) had recently raised more capital by issuing shares and warrants to the investors. The company had issued class A common stock of $2.75 per share face value and warrants on class A common stock with term of five years from the closing date and an exercise price of $2.75 per share. The net proceeds to Real Goods Solar Inc. (NASDAQ:RSOL) from such issue of shares and warrants is expected to be about $8.4 million.
Real Goods Solar Inc. (NASDAQ:RSOL) is involved in providing installation of solar energy panels for its customers and provides for complete solution related to solar energy systems. The services provided by the company include design, financing and installation to ongoing maintenance, monitoring and support services for solar energy systems.
The 52 week high price level for Real Goods Solar Inc. (NASDAQ:RSOL) had been $7.17 per share and the 52 week low price level had been $0.40 per share. The company presently holds 26.68 million shares outstanding and the institutional ownership for the solar energy company is at 48 percent of the holdings.
