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RUN.US
id: 1009, Created by , Scout

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.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
25 October 2023
Collecting participants…

Sunrun Inc

Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and produ...

    Ticker
    RUN.US
    ISIN
    US86771W1053
    CIK
    1469367
    Sector
    Technology
    Industry
    Solar
    Country
    USA
    Address
    225 Bush Street, San Francisco, CA, United States, 94104