NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP announces it has commenced an investigation of Sunrun Inc. (“Sunrun”) (NASDAQ:RUN) concerning possible violations of federal securities laws.
On May 3, 2017, The Wall Street Journal reported that the U.S. Securities and Exchange Commission (“SEC”) is investigating whether Sunrun “adequately disclosed how many customers have canceled contracts after signing up for a home solar-energy system.” The report stated that the SEC “recently issued a subpoena to Sunrun and interviewed current and former employees about the adequacy of its disclosures on account cancellations.” The report added that the customer cancellation figure at Sunrun “grew to be as high as 40% earlier this year” and that an “increase in cancellations caused Sunrun to halve its growth expectations in 2016 from 80% to 40%.” On this news, shares of Sunrun fell sharply during intraday trading on May 3, 2017. To obtain additional information, go to:
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