This company is well deserving of bankruptcy. I don’t quite understand all of the smoke and mirrors that they play, with their different entities and gigantic $12 billion debt load. However, I do know the gig is up, as the company is currently in talks to renegotiate a $725 mill 2nd lien to get $300 mill in cash.
“DIP negotiation means that the company has effectively run out of cash and they get to pay their creditors ‘fair market value’ for the secured assets versus the contracted value,” Axiom Capital analyst Gordon Johnson told Reuters.
The good news is that once this piece of shit files for chapter 11, all of you degenerates out there can buy the stock and run it up, just before it implodes to zero.
Those solar panels are absolutely hideous.
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I had solar panels ( of them) on my roof to heat my pool.
Never again.
Will sell my load when it hits $70
Do people really put those fucking solar panels all over their roofs? They look like shit and I am sure the roofs develop leaks at some point plus insurance can’t like that.