BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Sunrun Inc. (“Sunrun” or the “Company”) (NASDAQ: RUN) concerning the Company and its officers’ possible violations of federal securities laws in connection with Sunrun’s Initial Public Offering (the “Offering” or “IPO”), which took place on or about August 5, 2015.
Sunrun engages in the design, development, installation sale, ownership, and maintenance of residential solar energy systems in the United States. Unbeknownst to investors, the Company relied on complex debt arrangements to fund its growth, and as a result, could not sustain the revenues and profitability projected to investors during the IPO process. The Company also failed to adequately warn investors of regulatory risk associated with the market for solar in Nevada. The Company’s stock has fallen from the IPO price of $14 per share, to lows of $4.96 per share, amid market reaction to the materialization and revelation of the Company’s previously undisclosed risks.
If you purchased Sunrun securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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