SunEdison Inc. filed for Chapter-11 bankruptcy protection, a move that has been expected by investors for weeks.
Trading in the company’s stock was halted at $0.34 a share prior to the filing.
The company secured $300m debtor-in-possession facility whilst it undergoes restructuring.
SunEdison’s yieldcos, TerraForm Power and TerraForm Global were not part of the bankruptcy filing.
TerraForm Power’s stock surged 4.1% in morning trade and TerraForm Global shares climbed 3%.