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Stock Market & Financial Investment News

News Breaks
July 9, 2014
09:30 EDTRGSERGS Energy downgraded at Cowen
As previously reported, Cowen downgraded RGS Energy to Market Perform from Outperform. The firm believes the U.S. and China trade dispute will result in higher module prices and impact margins. Price target cut to $2.60 from $3.50.
News For RGSE From The Last 14 Days
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May 18, 2015
08:49 EDTRGSERGS Energy 1-for-20 reverse stock split effective as of market open
RGS Energy announced that the 1-for-20 reverse split of its Class A common stock will be effective today at the open of the U.S. markets. Shares of RGS Energy Class A common stock will begin trading on a split-adjusted basis today on the NASDAQ Capital Market under the same symbol, RGSE. However, it will receive a new CUSIP number: 75601N203. The effect of the reverse stock split will be to combine each 20 shares of outstanding common stock into one new share, with no change in par value per share, and to reduce the number of shares outstanding from approximately 96M to 4.8M.

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