Update (4:08 p.m. EST): Updated with closing price, day high and low prices, price change and volume information.
NEW YORK (TheStreet) -- Real Goods Solar (RSOL) rose 1.41% to $4.05, up 6 cents from its previous close of $3.99, at the close of the trading day on Wednesday after the company announced it had completed its acquisition of Mercury Energy.
The stock had a volume of 4,034,452, just below its average of 4,081,240. It hit a high of $4.28 and a low of $3.95 for the day.
Real Goods Solar acquired the company in an all-stock transaction 8.3 million shares of Class A common stock. Mercury Energy, more commonly known as Mercury Solar Systems, has completed more than 2,000 solar systems or 60 megawatts in total installations for business, home and utility customers since the company's founding in 2006.
"The addition of Mercury significantly increases the overall depth and breadth of our capabilities," said Kam Mofid, CEO of Real Goods Solar in a statement. "In August of last year, we acquired Syndicated Solar to strengthen our residential business and it produced a significant increase in our homeowner engagements. Following Mercury's integration over the next few weeks, we expect to likewise accelerate our growth in the commercial sector."
Mofid went on to say, "Our increased size and scale strengthens our commercial and residential sales capabilities in key solar markets, and reinforces our ability to bring to our customers more comprehensive end-to-end solutions, including attractive project finance options. As an added benefit, Mercury bolsters our balance sheet with an additional $12 million of net working capital, including more than $10 million of cash, and without adding debt. We plan to use these funds to further accelerate growth in key markets across the country."