Contrarian Corpus
Muddy Waters vs. Sunrun Inc.

Sunrun Inc. · RUN

1 deck published between 2022-07-28 and 2022-07-28 — 33 pages, 33 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2022-07-28 initial thesis

    2022 07 MW_RUN_07282022

    33pp · research_note

    Sunrun's equity story rests on three shaky pillars — inflated subscriber values, abusive IRS tax-basis gaming, and fragile ABS — that together imply an 85% haircut to Net Earning Assets.