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Shareholder Class Action Filed Against Sunrun Inc.

Notice is hereby given that a class action lawsuit has been filed on behalf of those who purchased or otherwise acquired shares of Sunrun  Inc. (NASDAQ: RUN) (“Sunrun” or the Company) pursuant  or traceable to the Company’s Registration Statement and Prospectus issued in connection with  the  Company’s Initial  Public  Offering on or about August 5, 2015.

Sunrun  investors may receive additional information about the case by clicking the link "Join this Class Action" above.      

          

According to the complaint, Sunrun is a provider of residential solar electricity and purports to  operate the “second largest fleet of residential  solar energy systems” in the  United States.

On or  about  March 27,  2015,  Sunrun filed  with  the SEC  its  registration statement on Form S-l  (Registration No. 333- 205217),  which was amended  and later declared effective by the SEC (the “Registration Statement”). Meanwhile, lawmakers  in  the  Nevada  Legislature  rejected  a  call  by  rooftop  solar companies, including Sunrun, to  increase the cap on  the number of  consumers who can participate in net metering solar programs from 3% to a higher  level.  On August 5, 2015, Sunrun sold 17.9 million shares at $14.00 per share as part of its IPO.

The Complaint alleges that defendants made  false and/or misleading statements, as well  as failed to disclose material  adverse facts  about  Sunrun’s  business,  operations,  and  prospects throughout the Class Period.  Specifically, Defendants made false and/or misleading  statements and/or failed to  disclose that: (a) Sunrun’s actual historical operating costs were being understated by not identifying and  disclosing the  fixed grid costs  being borne  for it  by public utilities where net metering  programs were being employed; (b)  Sunrun had been  charging well  above  wholesale rates  for  the electricity  it  was selling to its net metering customers; (c) contrary to having listed customers dispersed across 15 states  and the District of  Columbia in its  Registration Statement, Sunrun  had  a substantial  20%  customer concentration  in  Nevada alone; (d) Sunrun’s ability to continue to convince customers to sign  20-year contracts—which lowers the fixed costs  for installing solar systems on  those customers’ houses—was in jeopardy due to the ongoing regulatory review of  net metering programs in 20 of the 40 states that then permitted net metering; (e) because Sunrun  was employing  an  unreasonably low  discount  rate of  6%  in calculating the value of it retained  assets, it was overstating their  value; and (f) as a result  of the foregoing, at the  time of the IPO, the  Company’s business and financial prospects were not  what defendants had led the  market to believe they were in the Registration Statement.

In the eight months since the IPO, Sunrun stock fell as low as $4.86 per share, and closed at $7.50 per share on May 6, 2016.

If you are a member of the class described above, you may no later than July 5, 2016 move the Court to serve as lead plaintiff of the class, if you so choose. 

A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of their choice, or may choose to do nothing and remain an inactive class member.

Kessler Topaz Meltzer & Check, LLP has not filed a complaint in this matter.  If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@ktmc.com. For more information about Kessler Topaz Meltzer & Check, LLP, please visit our website at http://www.ktmc.com. If you would like additional information about the suit, please fill out the attached form as promptly as possible and return it by fax to 610-667-7056, or by mail in the enclosed envelope.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-888-299-7706 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com


Please complete this form and list your purchase and sale transaction(s) for Sunrun  Inc. (NASDAQ: RUN)  pursuant  or traceable to the Company’s Registration Statement and Prospectus issued in connection with  the  Company’s Initial  Public  Offering on or about August 5, 2015:

Information Sheet
* Denotes required field
Acquisitions
Date Aquired
Number of Shares Acquired
Acquisition Price Per Share
Sales
Date Sold
Number of Shares Sold
Selling Price Per Share
Did you purchase shares of Sunrun Inc. prior to the class period?
Area you a current or former employee of Sunrun Inc.?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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