Terraform Power Inc., a Bethesda-based owner and operator of clean energy power plants, is at risk of being delisted from the Nasdaq stock market.
Terraform notified the SEC last week that it wouldn’t be able to file its second quarter report on time without unreasonable effort and expense.
After that, a senior director of Nasdaq listing qualifications notified Terraform that because it hasn’t yet filed its second quarter report with the Securities and Exchange Commission, Nasdaq now has additional basis for delisting the company.
Terraform in July filed its delayed 2016 annual report, showing a $242 million loss.
The company said in a statement that it had received extensions from Nasdaq to regain compliance with its continued listing requirements. It must file its first quarter report by Aug. 30 and its second quarter report by Sept. 30. Terraform said it is working on it, but it can’t guarantee it will file the reports by those deadlines.