In an SEC filing, SunEdison’s shareholder David Einhorn’s Greenlight Capital announced that it no longer held more than 5% stake in the company.
Greenlight’s stake in the troubled renewable-energy company is now 1.6%, down from 4% in January.
Mr. Einhorn’s own stake in SunEdison had reduced by more than half to 2.8% from 6.8%, according to filings.
The troubled company’s stock began its rapid decline soon after its plans to acquire Vivint Solar for $2.2bn. The planned merger eventually failed and SunEdison is being sued by Vivint.
Previously, in January 2016, SunEdison named a representative for Greenlight Capital to its eight-person board.