Sunedison Inc (NYSE:SUNE) under Investigation for Investors who purchased

Credit Suisse reiterated their buy rating on shares of Sunedison Inc (NASDAQ:SUNE) in a report issued on Tuesday, Analyst Ratings Network.com reports. 2 analysts recommended buying the shares. The heightened volatility saw the trading volume jump to 96,930,116 shares.

An investigation for investors, who purchased preferred shares of Sunedison Inc (NYSE:SUNE) on August 15, 2015 in the Company's Secondary Offering, was announced concerning possible violations of securities laws violations by Sunedison Inc and certain of its directors and officers. In the past twelve weeks, the net percent change held by company insiders has changed by 1.73%. (NYSE:SUNE) has been established at $12.85 per share. Deutsche Bank dropped their target price on Sunedison from $16.00 to $9.00 and set a buy rating on the stock in a report on Monday, November 23rd. The brokerage now has a $10.00 target price on the stock. The company has the market value of $1.09 billion and its EPS ratio for the past year was -3.63. The 50-day moving average is $6.6 and the 200 day moving average is recorded at $17.77. During the year the lowest point at which share traded is $22.66 and hit the highest point at $30.92.

Energy Transfer Equity LP (NYSE:ETE)'s shares gained 0.66% to $19.07.

SunEdison Inc, formerly MEMC Electronic Materials, Inc., incorporated on October 1, 1984, is engaged in the development, manufacture and sale of silicon wafers.

The US company was supposed to sell these projects, upon completion, to its yieldco TerraForm Global. The Company's Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operations and maintenance portions of the downstream solar market for the Company's customers. The Company primarily sells its products to all of the semiconductor manufacturers in the world, including integrated device manufacturers and pure-play semiconductor foundries, and to a lesser extent companies that specialize in wafer customization. The Firm operates in three divisions: Solar Energy, TerraForm Power and Semiconductor Materials through SunEdison Semiconductor Ltd. (SSL).

SunEdison market value plunged 80% since June, in the result Chatila had to sell few projects laying off 15% workforce to halt growth projects by 20%. In July 2014, the Company acquired 50% interest in Silver Ridge Power LLC (SRP) from a subsidiary of AES Corp.

In addition, the $4 billion backlog agreement among SunEdison and TerraForm Global, Inc.