Sunedison Inc. (fka SUNEQ)

[FEED_THE_FOXES]

The development and operation of merchant energy projects is an esoteric business particularly when lining up financing for those projects. Getting tax equity and non-recourse debt are very difficult challenges. The former CEO and CFO had no experience in that business or the power industry in general. The failure of the Company was due to their lack of industry experience and/or incompetence. The absence of any accounting controls didn't help. Buying high and selling low will put anybody in bankruptcy eventually.