SunEdison: A Cautionary Tale?

U.S. Bankruptcy Judge Stuart Bernstein recently approved SunEdison's proposed sale of $144 million of solar and wind assets to NRG Energy. The sale continues SunEd's string of dispositions this year following its April bankruptcy filing. The company's stunning descent has followed an equally aggressive rise over the preceding three years. According to The Wall Street Journal, citing its filing, the company "...spent more than $18 billion on acquisitions and raised $24 billion in debt and equity between 2013 and 2016." While it's acquisition strategy was highly aggressive, many point to two deals which did not occur - the proposed acquisitions of Vivant and Latin America Power - as the final straws in a failed strategy.