Sunrun
2 activist/short documents on this target.
Timeline
2022-08-03
Muddy Waters · research note
Muddy Waters rebuts Sunrun's response: the 90% PPA-renewal assumption on 20-year-old panels is fantasy, the $668M panel-removal liability is real, and RUN hides its tax basis.
N3 V1
2023-11-01
Muddy Waters · research note
Sunrun's Subscriber metric is fabricated — inflated ~20% above EIA filings — letting it overclaim ~$205M in IRS tax credits and prop up a fictitious valuation; Muddy Waters remains short.
N4 V2