Skip to comments.SunEdison at risk of bankruptcy, unit says; shares plummet 60 percent ($4.6b Taxpayer $)
Posted on 03/29/2016 12:34:23 PM PDT by Oldeconomybuyer
U.S. solar energy company SunEdison Inc, whose aggressive acquisition strategy has saddled it with almost $12 billion of debt, is at "substantial risk" of bankruptcy, one of its two publicly listed units warned on Tuesday.
A bankruptcy would rank among the largest involving a non-financial company in the past 10 years, according to bankruptcydata.com. SunEdison declined to comment.
SunEdison's shares - already reeling from a Wall Street Journal report on Monday that the company was being investigated for overstating its cash position - fell as much as 60 percent to a record low of 50 cents.
(Excerpt) Read more at reuters.com ...
Well, the only reasonable option for a failed green boondoggle is to pour more tax payers dollars into it.
The grifters continue to rape us. Wtf are we going to do about it?
Well, SunEdison has learned that Obama will get a bailout ready. There is no end to the bottomless money pit of Solar Energy.
I guess the name ConEdison was already taken.
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