The Wall Street Journal quoted people familiar with the matter Sunday as saying that N would give Greenlight Capital, a hedge fund, a board seat after the solar company's share price fell and some senior officials left.
As of January, Greenlight owned about 8% of the company.
The Wall Street Journal quoted one of the people familiar with the matter as saying that the company might appoint a director from outside hedge funds.
Billionaire investor David Einhorn's Greenlight Capital first disclosed Sunedison's shares in an investor letter in the first quarter of 2014, saying the fund bought shares at an average price of $15. 55/share.
A spokesman for Sunedison declined to comment.
Greenlight Capital was not immediately available for comment. (
This version of the story corrects that the director may have come from outside the "green light" in the second paragraph, rather than "Sun Edison".