INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses in Excess of $100,000 from Investment in Sunrun Inc. to Contact Brower Piven before the Lead Plaintiff Deadline in Class Action Lawsuit

STEVENSON, Md.--()--The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of Sunrun Inc. (Nasdaq: RUN) (Sunrun or the “Company”) common stock pursuant or traceable to the Company’s Registration Statement and its Prospectus issued in connection with the Company’s Initial Public Offering (the “Offering” or “IPO”), which commenced on or about August 5, 2015. Investors with losses in excess of $100,000 who wish to become proactively involved in the litigation have until July 5, 2016 to seek appointment as lead plaintiff.

If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in Sunrun common stock during the IPO. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action.

The complaint accuses the defendants of violations of the Securities Act of 1933 for failure to disclose in connection with the Company’s IPO that (1) Sunrun’s actual historical operating costs were being understated by not identifying and disclosing the fixed grid costs being borne for it by public utilities where net metering programs were being employed; (2) Sunrun had been charging well above wholesale rates for the electricity it was selling to its net metering customers; (3) contrary to having listed customers dispersed across 15 states and the District of Columbia in its Registration Statement, 20% of its customers were concentrated in Nevada alone; (4) Sunrun’s ability to continue to convince customers to sign 20-year contracts—which lowers the fixed costs for installing solar systems on those customers’ houses—was in jeopardy due to the ongoing regulatory review of net metering programs in 20 of the 40 states that then permitted net metering; and (5) that Sunrun overstated the value of its retained assets by using an unreasonably low discount rate.

According to the complaint, following the revelation, during the eight months following the August 5, 2015 offering, that Sunrun relied on complex debt arrangements to fund its growth and could not sustain forecast revenues, the value of Sunrun shares declined significantly.

If you have suffered a loss from investment in Sunrun securities purchased pursuant and/or traceable to the Company’s August 5, 2015 IPO, and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentsecuritiescases.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616. Brower Piven also encourages anyone with information regarding the Company’s conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

Contacts

Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com

Contacts

Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com