Image via www.sunedison.com One of the most volatile stocks on the market, SunEdison Inc. (SUNE), is once again having another extreme day of trading. SUNE stock yesterday soared 70% because an internal probe of the company found no evidence of fraud. That’s a good thing, right? Well today, shares of SunEdison are down just over 30% during morning trading, and this decline is most likely related to the company discussing with creditors about restructuring financing. The discussions are ongoing and there is no guarantee that a deal will be reached. According to a report via Bloomberg, “The company and its first- and second-lien lenders entered into a confidentiality pact on March 17 for the financing transactions in a potential bankruptcy filing, the company disclosed in a regulatory filing to the Securities and Exchange Commission, which included a 34-page slide presentation to creditors.” SunEdison needs a $310 million loan to fund it through a potential bankruptcy process, according to estimates in the March 17 presentation per Bloomberg. The company projected using a total of $779 million in cash for the first quarter. The negotiations come as SunEdison faces default on at least $1.4 billion in loans and credit facilities, and after it failed to make a $2.6 million interest payment on its 2% convertible bonds maturing in 2018. The company is flirting with bankruptcy and according to Bloomberg, “analysts said the disclosure may please creditors.” SunEdison Inc. has a Zacks Rank #3 (Hold) and as of 10:40 AM ET, its stock was down 36.76% and continuing to decline. Sunedison Inc. (SUNE) Stock Price - Current Day | FindTheCompany Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SUNEDISON INC (SUNE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research