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 Video: What is a Stock Split?
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| Real Goods Solar is engaged as a provider of solar energy systems to homeowners, and commercial building owners. Co. designs and provides a suitable solar energy solution, then procure, permit, install, and interconnect the system to the utility grid. Co. has two divisions: POWERHOUSE™, which provides various services, including but not limited to system design, permit application, utility application for permission to operate and assistance in procurement and/or sales of adjunct installation materials; and Solar, which provides its turnkey solar energy systems providing design, engineering, financing, procurement, permitting, installing, grid interconnection, and maintenance services. According to our RGSE split history records, RGSE has had 3 splits. | |
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RGSE (RGSE) has 3 splits in our RGSE split history database. The first split for RGSE took place on May 18, 2015. This was a 1 for 20 reverse split, meaning for each 20 shares of RGSE owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split. RGSE's second split took place on June 02, 2016. This was a 1 for 20 reverse split, meaning for each 20 shares of RGSE owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 2.5 share position following the split. RGSE's third split took place on January 26, 2017. This was a 1 for 30 reverse split, meaning for each 30 shares of RGSE owned pre-split, the shareholder now owned 1 share. For example, a 2.5 share position pre-split, became a 0.0833333333333333 share position following the split.
When a company such as RGSE conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the RGSE split history from start to finish, an original position size of 1000 shares would have turned into 0.0833333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into RGSE shares, starting with a $10,000 purchase of RGSE, presented on a split-history-adjusted basis factoring in the complete RGSE split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/02/2013 |
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| End date: |
03/05/2020 |
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| Start price/share: |
$23,520.00 |
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| End price/share: |
$0.01 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-100.00% |
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| Average Annual Total Return: |
-87.97% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$0.00 |
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| Years: |
6.93 |
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| Date |
Ratio |
| 05/18/2015 | 1 for 20 | | 06/02/2016 | 1 for 20 | | 01/26/2017 | 1 for 30 |
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