SAN DIEGO, April 25, 2016 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP, announces the filing of a class action lawsuit on behalf of purchasers of Sunrun Inc. common stock (NASDAQ: RUN) pursuant to and/or traceable to Sunrun's August 5, 2015 Initial Public Offering (the "IPO"). The lawsuit seeks to recover damages for Sunrun investors. All investors with losses are encouraged to contact Johnson & Weaver for additional information.
Additional Information about the Lawsuit:
The complaint alleges that offering documents filed in connection with the IPO contained materially false and misleading statements and omissions, including that: (1) Sunrun understated its actual historical operating costs 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, Sunrun had a substantial 20% customer concentration in Nevada alone; (4) Sunrun's ability to continue convincing customers to sign 20-year contracts was in jeopardy due to the ongoing regulatory review of net metering programs; and (5) Sunrun was employing an unreasonably low discount rate of 6% in calculating the value of its retained assets when it was overstating the value. When the factual details were made known, the lawsuit claims that investors suffered damages.
If you wish to discuss this action, have any questions concerning this notice, or your rights or interests, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP