Published January 7, 2016 4:14pm EST | Updated January 7, 2016 5:05pm EST

SunEdison Closes Down 40% As Company Issues Bonds, Makes Other Financial Moves

Shares of SunEdison Inc. tanked 40% on Thursday as the solar-power company issued bonds and announced other financial transactions. "We believe all the transactions demonstrate progress in improving the company's liquidity position and deleveraging balance sheet," analysts at RBC Capital said in a note Thursday. Shares of SunEdison fell 0.6% in after-hours trading Thursday.