The Nanjing-based PV module supplier’s shares closed up 6.8% at $0.78 on Monday.
The stock has traded below $1 since closing at $0.97 on 7 January — the day that rival PV module supplier Yingli Green Energy regained compliance with the New York Stock Exchange’s (NYSE) listing requirements via a reverse stock split.
CSun has received a letter from the Nasdaq listing qualifications department indicating that it must trade above $1 for at least 10 consecutive business days within the next 180 calendar days to regain compliance with the market’s listing rules.
