Monday, May 22, 2017 4:46:49 PM
Former Sunrun Managers Admit to Manipulating Sales Data
May 22, 2017 7:58 AM EDT
Former managers at solar energy company Sunrun (RUN) admitted to manipulating sales data, at the behest of their superiors, around the time of the company's initial public offering in 2015.
The managers said they were told to hold off on reporting hundreds of canceled contracts during a five month period in the middle of 2015.
Sunrun, which is backed by venture-capital firm Sequoia Capital, is the largest publicly traded rooftop solar energy company with 1.5 million customers, according to the Wall Street Journal.
Sunrun shares are down about 20% since its debut two years ago. Shares remained unchanged in premarket trading Monday.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM