Investigation Overview
April 11, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Sunrun Inc (NASDAQ:RUN) shares over potential securities laws violations by Sunrun and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Sunrun Inc (NASDAQ:RUN) concerning whether a series of statements by Sunrun regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
The company conducted its Initial Public Offering (IPO) on August 5, 2015.
Shares of Sunrun Inc (NASDAQ:RUN) rose to as high as $13.74 per share in December 2015.
On March 10, 2016, Sunrun Inc reported its fourth quarter and full year 2015 financial results and issued its guidance for its first quarter and full year 2016. Sunrun Inc reported that its annual Total Revenue rose from $198.56 million in 2014 to $304.61 million in 2015 and that its Net Loss declined from $70.85 million in 2014 to $28.25 million in 2015.