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Press Blows Off 10-Solyndra Dollar Losses at Two Bankrupt Solar Energy Companies

Posted on 22 April 2016

Solary energy company SunEdison filed for bankruptcy on Thursday. According to Reuters, the company's stock traded as high as $33.44 in July 2015. The stock closed at 22 cents today. Nine years ago, the company's market value was over $17 billion. According to the Associated Press, in July of last year it was still worth $10 billion.

The losses aren't limited to investors, however, a fact that the establishment press has ignored in its SunEdison bankruptcy reports. As Roberty Bryce detailed at National Review on April 4 when the company's bankruptcy began to appear unavoidable, taxpayers have also seen lots of money go down the drain at SunEdison and another bankrupt renewables company — ten times what was lost in the $500 million Solyndra bankruptcy (bolds are mine):