NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Sunrun Inc. (NASDAQ:RUN). Our investigation concerns whether Sunrun and certain of its officers and/or directors have violated federal securities laws and/or engaged in other unlawful business practices.
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 article 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 article added that the customer cancellation figure at Sunrun “grew to be as high as 40% earlier this year” and that “increase in cancellations caused Sunrun to halve its growth expectations in 2016 from 80% to 40%.”
Following this news, Sunrun shares fell $0.46 per share, or 8.83%, to close at $4.75 on May 3, 2017.
If you purchased or otherwise acquired Sunrun securities and suffered a loss, have information, 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 Brandon Walker or Melissa A. Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Sunrun Inc., please go to www.bespc.com/sunrun. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.