Press release
Investigation announced for Investors in Vivint Solar, Inc. (NYSE: VSLR) over possible Violations of Securities Laws
An investigation for investors in Vivint Solar, Inc. (NYSE: VSLR) shares over potential securities laws violations was announced.
Investors who purchased shares of Vivint Solar, Inc. (NYSE: VSLR), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on concerning certain statements regarding Vivint Solar’s business, its prospects and its operations were materially false and misleading at the time they were made.
Lehi, UT based Vivint Solar, Inc. provides distributed solar energy primarily to residential customers in the United States. Vivint Solar, Inc. reported that its annual Total Revenue rose from $268.02 million in 2017 to $290.32 million in 2018 and that its Net Income of $209.09 million in 2017 declined to a Net Loss of $15.59 million in 2018.
On September 27, 2019, short-seller Marcus Aurelius Value published a report stating that Vivint Solar, Inc “appears to have largely concealed a growing pattern of undisclosed lawsuits alleging the company has engaged in a nationwide fraud involving forged customer contracts.”
Shares of Vivint Solar, Inc. (NYSE: VSLR) declined from $8.20 per share on September 18, 2019 to as low as $5.86 per share on September 27, 2019.
On October 7, 2019, NYSE: VSLR shares closed at $6.98 per share.
Those who purchased shares of Vivint Solar, Inc. (NYSE: VSLR) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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