SunEdison stock rises after probe finds no fraud

Maryland Heights-based solar developer SunEdison's shares rose more than 60 percent early yesterday after an internal investigation found no fraudulent activity related to its accounting practices.

The investigation found the company's executives have been too optimistic in regards to the company's financials. They did not respond appropriately when financial targets were not met, according to the probe.

The probe also found problems with the company's management of cash flow.

Read more from the St. Louis Business Journal.