SunWorks Inc (SUNWQ)

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Wonder what SUNW customer cancelation rate is?

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.