Reports surfaced on Monday of former managers at one of the largest US solar companies Sunrun claiming that they manipulated key sales data around the time of the company’s 2015 initial public offering (IPO).
Shares of residential solar company Sunrun fell nearly 10% in trading yesterday after news broke of the investigation by the US Securities and Exchange Commission (SEC) on whether the company adequately disclosed how many customers had cancelled contracts.
The Securities and Exchange Commission (SEC) has launched an investigation into whether SolarCity and Sunrun are adequately disclosing how many customers have cancelled solar contracts.
