​Solar Firm Lumio Files For Bankruptcy After ‘Sharp Decline In Demand’ – Tyler Durden

Solar Firm Lumio Files For Bankruptcy After ‘Sharp Decline In Demand’ Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Solar energy firm Lumio filed for Chapter 11 bankruptcy after getting caught up in a “severe liquidity crisis” following a fall in market demand. Solar panels are mounted on top of the roof of the Convention Center in Los Angeles on Sept. 5, 2018. Mario Tama/Getty Images The Utah-based company made the filing at the U.S. Bankruptcy Court for the District of Delaware to “complete a value-maximizing sale process and strengthen its financial position,” according to a Sept. 3…  — Continue at ZeroHedge News : Read More