Will 2 or more clean energy sector constituents undergo distress events (restructuring, forced asset sales, or delisting) by December 31, 2026?

Resolves January 15, 2027(284d)

IG: 0.80

Resolution Criteria

Resolves YES if by December 31, 2026, at least 2 companies among BE, PLUG, EOSE, FLNC, RUN, AES, NRG announce or complete any of: formal restructuring filing, going-concern disclosure, forced asset sale exceeding 20% of enterprise value, delisting, or take-private completion at distressed valuation (below 52-week low). AES take-private at agreed terms does not count. Resolves NO otherwise.

Resolution Source

SEC filings (8-K, 10-K going concern opinions), press releases, exchange delisting notices

Source Trigger

5 of 7 constituents at STRETCHED or CRITICAL funding. PLUG in Phase 5 shakeout with multi-vector distress. Three of seven constituents face existential or structural change within 18 months.

capital-cycle-gaugeCAPITAL_DISCIPLINEHIGH

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