Sunworks stays on Nasdaq with reverse stock split

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.…


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