US firms drive index lower
NYSE Bloomberg Solar Energy Index: SunEdison restructures and net metering battles wage on as the U.S. solar industry shapes the global index.
The NYSE Bloomberg Solar Index plummeted in January after a short-lived bounce in December. The index gave up 21% as investors eyed SunEdison’s restructuring saga and various macro headlines. The decline began early in the month after SunEdison announced that it had arranged two new loans and issued new shares to pay off a portion …
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