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SunEdison plunges on report of plans to file for bankruptcy

Renewable-energy firm is said to be in talks with two creditor groups for a loan to tide it over during the process
Monday, April 4, 2016 - 05:50

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Solar panels of local mining company CAP, which were installed by SunEdison, are seen in the Atacama Desert. SunEdison has accumulated US$11.7 billion in debt, following a recent buying spree.

New York

INVESTORS had a swift and emphatic response to a report on Friday that SunEdison Inc was preparing to file for bankruptcy protection: sell.

The Wall Street Journal reported after US markets closed on Friday that SunEdison, the world's largest renewable-energy company, is

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