SunEdison's Financial Status Unclear to Investors, Employees
- Audit committee looking at `accuracy' of financial position
- `It suggests to me that the writing could be on the wall'
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Investors aren’t the only ones uncertain of SunEdison Inc.’s finances. Current and former employees have raised questions about the renewable-energy developer’s liquidity, and the company is now conducting an inquiry into its financial position.
The worst-performing clean-energy company said Monday that it initiated an internal inquiry late last year “based on allegations made by former executives” related to the accuracy of SunEdison’s financial status, according to a regulatory filing. Its internal audit committee is also looking at the “accuracy of its anticipated financial position,” in response to issues raised by a current and a former employee. To date, the committee has found no wrongdoing.