The company’s shares were down 20% in early trading in New York following the announcement of its third quarter results yesterday.
They ended Tuesday 22% down at $5.77, against a 52-week high of $33.45.
The renewed rout was apparently prompted by ongoing investor nerves over the prospects for SunEdison's yieldcos and a worse-than-expected Q3 net loss.
The US group in early October unveiled a new strategy after concerns over its financial performance amid a period of hectic growth and major acquisitions slashed the value of its stock by 70%
The new approach included pulling back from some markets, cutting 15% of its employees and taking a more selective approach about which projects it drops into its yieldcos.
Announcing
