Fund Shareholders With SunEdison Get Zapped By Bankruptcy Filing

SunEdison had all the classic symptoms of loser and the Portfolio Report Cards I’ve done at ETFguide routinely identify high risk bets before they become a problem.

The rest of the renewable energy sector (also referred to as “clean” or “alternative” energy) that SunEdison was a member of has been in a slump.

ETFs tied to alternative energy stocks like the iShares S&P Global Clean Energy Fund (NasdaqGS:ICLN),  Market Vectors Global Alternative Energy ETF (NYSEARCA:GEX), and PowerShares Wilderhill Clean Energy (NYSEARCA:PBW) have fallen between 15% to 27% over the past year, which is much worse compared to the 5.22% slide in the global stock market (NYSEARCA:VT).

Finally, SunEdison’s fall from grace is another Great Lesson on why individual stocks should never ever be used as building blocks inside a person’s core investment portfolio.

1 2
View single page >> |

Disclosure: None

Disclaimer: Ron DeLegge has analyzed and graded more than $125 million with his Portfolio ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.