Current Climate: A $46 Million Renewable Energy Swindle [Forbes]
Sunrun Inc. (RUN)
NASDAQ:AMEX Investor Relations:
investors.sunrun.com/investor-overview
Company Research
Source: Forbes
This week's Current Climate , which every Monday brings you the latest news about the business of sustainability. ILLUSTRATION BY YUNJIA YUAN FOR FORBES; PHOTO BY CSA IMAGES/GETTY IMAGES W henever there's a rush of competition into a nascent space, swindlers will find their way to it. Consider green hydrogen, a burgeoning industry with lots of new players and big dreams of powering a more sustainable future. In 2022, a company called Rhino Onward International, or ROI, launched with very big promises, telling investors that it was building a green hydrogen plant in Arizona that would be worth about $530 million within five years. ROI raised $31 million from more than 200 investors, but apparently invested only $200,000 in the business. The firm's promoters Paul Croft and J.D. Frost diverted the rest of the investors' money to themselves and entities they control, according to an investor lawsuit filed in Illinois last month, which cited bank records obtained through subpoenas
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News
- Soros Fund Management's top buy and sells in Q1 [Seeking Alpha]Seeking Alpha
- Bidirectional Charging Will Empower Consumers And Enrich Automakers [Forbes]Forbes
- Sunrun Inc. (NASDAQ: RUN) had its price target lowered by analysts at Jefferies Financial Group Inc. from $32.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- Sunrun Inc. (NASDAQ:RUN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Sunrun Inc. (NASDAQ: RUN) had its price target lowered by analysts at Susquehanna from $25.00 to $23.00. They now have a "positive" rating on the stock.MarketBeat
RUN
Earnings
- 5/8/24 - Beat
RUN
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 4/29/24 - Form DEF
- RUN's page on the SEC website