Participants in SunEdison Inc.’s $155 million retirement plan suffered heavy losses on their investments in company stock last year in the months before the renewable power plant developer landed in bankruptcy, Reuters reported yesterday. The retirement savings plan yesterday disclosed $10.3 million in losses from investments in 2015. Nearly all of that came from investments in SunEdison stock, according to the retirement plan's annual report. SunEdison filed for bankruptcy in April after an aggressive growth plan proved unsuccessful. Last month, SunEdison received final bankruptcy court approval of debtor-in-possession (DIP) financing in the form of new capital totaling up to $300 million. At the start of 2015, about $17 million, or 13 percent of the retirement plan's $133.1 million in total investments, was held in SunEdison stock, according to the annual report. SunEdison shares plunged 75 percent in 2015 as the company signaled troubles from its heavy debt load. The stock traded at 14 cents a share yesterday. By the end of 2015, the plan had $155.5 million in net assets available for benefits, but only $5 million of that was in SunEdison stock.
