Our attorneys are investigating potential claims on behalf of purchasers of Sunrun, Inc. (NASDAQ: RUN) common stock or securities who allege that Sunrun violated federal securities law and artificially inflated stock prices by understating the number of cancelled customer contracts. The firm’s investigation concerns whether Sunrun and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Sunrun Stock Losses?
If you purchased Sunrun shares or would like to speak privately with a securities attorney to contribute to or learn more about the investigation, visit our website or contact the securities team directly at (800) 254-9493.
SEC Investigating Sunrun Contract Cancellations
On May 3, 2017, the Wall Street Journal reported that the U.S. Securities and Exchange Commission is looking into whether Sunrun hid the number of customers they are losing. Contract cancellations are an indicator of how well solar companies are performing. Following this news, Sunrun stock dropped $0.46 or over 8% per share on May 3, 2017.
According to the Wall Street Journal, the SEC is investigating whether Sunrun has sufficiently disclosed the number of customers who cancelled contracts for home solar systems. Citing a person familiar with the matter, the article reported that “the SEC recently issued a subpoena to Sunrun and interviewed current and former employees about the adequacy of its disclosures on account cancellations.”
Gibbs Law Group LLP is one of the nation’s leading firms representing individual and institutional investors in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and has earned Tier-1 rankings and been named in the U.S. Lawyers – Best Law Firms list for four consecutive years.