| A lot is being said about the future of solar companies with one stalwart, SunEdison Inc. , rumored to be going bankrupt. In fact, shares of the company tumbled almost 45% in Friday's after hours trading. The company has been on a southward trend for some time now. The company's market value has dropped to a mere $136 million as compared to July last year, when it was valued at almost $10 billion.
Per The Wall Street Journal report , SunEdison is expected to file for bankruptcy in the coming weeks. The report goes on to say that with the company preparing chapter 11 filing and in talks with creditor groups, it is likely that creditors will take control of the company and its power projects...............................................Full Article: Source
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