Roseville-based solar photovoltaic installer Sunworks Inc. did a one-for-seven reverse stock split Friday to retain its listing on the Nasdaq Stock Market.
The company’s shares have traded all this year under the $1 minimum required to remain on the national exchange.
Sunworks (Nasdaq: SUNW) shares fell 37 cents, or 13%, to $2.49 on Friday following the reverse split.
In the first quarter this year, Sunworks’ revenue fell short of the company’s previous forecast, due in part to a very wet winter.…
