– Sectors – Sunrun Inc. (RUN)

January 4, 2023

Did Sunrun Receive an Adverse Outcome Notification Regarding its Ongoing IRS Audit, Implying Material Going Concern Risk?

By Gordon L. Johnson II

Sunrun has Been Under IRS Audit Since 2018, Which is Still Ongoing. By way of background, as per page 32 of RUN’s 3Q22 10-Q filing (Ex. 1), we remind our readers that as of 11/2/22…

Sunrun Inc. (RUN)

Did Sunrun Receive an Adverse Outcome Notification Regarding its Ongoing IRS Audit, Implying Material Going Concern Risk?

CFO Runs for The Exits as Strategy Shifts to Tapping Equity Markets to Fund $677M-qtr Cash Burn

Does Sunrun’s NPV Model Border on the Line of Patently Absurd, Suggesting Risk to 2022E Street Ests?

Previewing 4Q & Reassessing Our Position, We Cut Our PT on RUN – the “Destroyer of Capital” – by 47%

We Blv The Buyside Is Overvaluing RUN (using 10Ks) & Its Margins are Exaggerated; PT Down to $28-shr

The “Kryptonite” to Sunrun’s Story Appears Set to Rear its Ugly Head; Initiating Coverage w- a SELL