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RUN.US
id: 1009
Sunrun (RUN) Muddy Waters' Inflating Subscribers Case
- In October 2023, Muddy Waters in its report accused Sunrun of exaggerating its Subscriber numbers.
- On it, $RUN fell 8.5%, losing $178M+ of shareholder value.
- Investors may suspect Sunrun of manipulating business metrics, which led to their losses.
On October 25, 2023, Muddy Waters Research published a report alleging that Sunrun has greatly exaggerated its (non-GAAP) Subscriber numbers for years and that the Company has been claiming and selling tax credits on these inflated numbers.
On this news, $RUN fell 8.5% and lost over $178 million of its market capitalization, seriously damaging shareholders.
Considering all the information, investors might have grounds to suspect Sunrun of providing incorrect information to its shareholders, which led to their losses.
The case is already under investigation by at least one of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
10/25/2023