Sunrun Inc (RUN)
Pitch Summary: Uneconomical business based on a) exaggerated subscribed value and overstated earnings assets with up to 90% downward adjustment b) funding growth by abusing tax incentives which is impermissible; c) over-reliance on ABS issuance which could lead to bankruptcy. Update 8/3/2022 – Muddy Waters issued a letter regarding RUN’s response to its initial report. […]
