Free Republic

House Democratic Leader Nancy Pelosi’s husband bought up to a quarter million dollars of stock in SunEdison, a now financially troubled green energy company just weeks before it announced a major 2014 acquisition that sent its stock price soaring. SunE's 2014 purchase of wind energy company First Wind “further bolstered the reputation of the company,” wrote one market-watcher at the time. “Perhaps unsurprisingly, SunEdison’s stock soared 29% on news of this acquisition alone.”

Even $1.5 billion in subsidies and loan guarantees can’t save a “clean” energy company from bankruptcy. That’s the takeaway from the looming failure of SunEdison, a company that touts itself as the “largest global renewable energy development company.” Once a darling of Wall Street and the green Left because of SunEdison’s portfolio of wind and solar projects, the company’s stock is now in free fall. Furthermore, two related companies that were spun off from SunEdison — TerraForm Global and TerraForm Power — also appear to be in financial distress. On March 30, Brian Wuebbels, the CEO of both TerraForm companies,...

Monday April 15, 9:31 am Eastern Time Press Release SOURCE: Pinnacle Holdings Inc. Pinnacle Holdings Inc. Announces It Is Pursuing Extension of Limited Forbearance On Senior Credit Facility SARASOTA, Fla., April 15 /PRNewswire-FirstCall/ -- Pinnacle Holdings Inc. (Nasdaq: BIGT - news; ``Pinnacle Holdings'') today announced that the previously announced forbearance agreement that it and its subsidiaries (collectively, ``Pinnacle''), including Pinnacle Towers Inc. (``Pinnacle Towers''), entered into on November 16, 2001, as amended on December 12, 2001, February 6, 2002 and as amended and restated on March 8, 2002, with the lenders under their senior credit facility expired late Friday, April...