Real Goods Solar (RSOL) IPO Trades Lower

May 8, 2008 11:25 AM EDT
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The IPO for Real Goods Solar, Inc. (Nasdaq: RSOL) is open for trading. The stock is trading at $8.91 after it pricing 5.5 million shares at $10.00 per share, the low end of the expected $12-$10 range (offering size was raised by 500K).

ThinkPanmure, LLC acted as bookrunning lead manager of this offering. Canaccord Adams Inc. and Broadpoint Capital, Inc. acted as co-managers.

Real Goods Solar, Inc. is a leading residential solar energy integrator. Real Goods Solar offers turnkey solar energy services, and has 30 years of experience in residential solar energy, beginning with the sale in 1978 of the first solar photovoltaic, or PV, panels in the United States.

Gaiam, Inc. (Nasdaq: GAIA) is the parent company of Real Goods Solar.

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