Sunrun Falls on Report of SEC Probe Into Solar Cancellations
- SEC said to look at disclosure of canceled contracts, WSJ says
- Agency also said to be probing Tesla’s SolarCity unit
This article is for subscribers only.
Sunrun Inc., the largest independent U.S. rooftop company, fell the most in more than 11 months after the Wall Street Journal reported that the Securities and Exchange Commission is investigating whether the company adequately disclosed how many customers canceled contracts.
The San Francisco-based rooftop installer dropped 8.8 percent to $4.75 at the close in New York, the most since May 10, 2016.