Sunrun (RUN) Sheds 13% on Nearly 40 Million New Shares Registration

We recently published December Disappointments: 10 Big Names Troubled Early. Sunrun Inc. (NASDAQ:RUN) is one of the worst performers of last week.

Sunrun dropped its share prices by 13.18 percent week-on-week, as investor sentiment was dampened by a proposal to register nearly 40 million new shares.

In a filing with the Securities and Exchange Commission on Thursday, Sunrun Inc. (NASDAQ:RUN) said that it intends to register 34.7 million shares to its 2015 Equity Incentive Plan (EIP) as well as 4.2 million shares to its Employee Stock Purchase Plan (ESPP), pursuant to the provisions of the said programs.

Investors viewed the plan negatively, as it opens the door to a potential dilution over time.

In other developments, investors cut down positions in Sunrun Inc. (NASDAQ:RUN) amid the looming deadline for tax credits on clean energy investments.

Under the new rules of the One Big Beautiful Bill Act, signed into law last July, homeowners only have until December 31 to have their solar and battery installations completed to qualify for the 30 percent tax credit.

The deadline is expected to prop up sales of clean energy companies, including Sunrun Inc. (NASDAQ:RUN), as customers scramble to secure the subsidies before they expire.

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