SunEdison Shares Higher Following Report Activist David Einhorn Could Get Board Seat

Shares of

were trading higher by more than 10 percent at $2.91 heading into Monday's opening bell. Investors and traders were likely encouraged by

report that David Einhorn's Greenlight Capital will be given a seat a Sunedison's Board of Directors. Einhorn's fund owns around 8 percent of Sunedison but is expected to appoint a director from outside of the hedge fund. Shares of Sunedison have lost more than 40 percent since the start of 2016 and more than 85 percent over the past year.