SunEdison Inc.’s stock tumbled 6.3% in premarket trade Wednesday, after the renewable energy company said it missed the extended deadline to file its annual report because it identified “material weaknesses” in its internal accounting controls. The deadline to file the Form 10-K with the Securities and Exchange Commission had been extended to March 15. The company said in a statement that the scope of work required to finalize its financial statements had expanded, given the finding of the internal control weaknesses. The investigation by its audit committee into the accuracy of the company’s anticipated financial position has also not yet been finalized. The stock has plunged 59% year to date through Tuesday, while the S&P 500 has lost 1.4%.
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