Muddy Waters: MW is again short Sunrun ($RUN) bc we believe that RUN significantly inflates the number of Subscribers it reports. As of Q2, RUN reported ~725K Subscribers. Data RUN provides to the U.S. Energy Information Agency shows only ~600K Subs"
Portfolio Pulse from Benzinga Newsdesk
Muddy Waters has announced that it is shorting Sunrun (RUN) due to its belief that the company is significantly inflating its subscriber numbers. Sunrun reported approximately 725K subscribers in Q2, but data provided to the U.S. Energy Information Agency shows only around 600K subscribers.
October 25, 2023 | 2:09 pm
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NEGATIVE IMPACT
Sunrun's stock may be negatively impacted due to Muddy Waters' short position and allegations of inflated subscriber numbers.
Muddy Waters, a well-known short-seller, has taken a short position on Sunrun, alleging that the company is inflating its subscriber numbers. This could lead to a loss of investor confidence and a potential drop in Sunrun's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100