Sunrun Inc Stock Price, News & Analysis

Sunrun (Nasdaq: RUN) has completed solar installations at three affordable apartment communities in Orange County, California, benefiting approximately 800 low-income residents. The projects, located at Arroyo Vista, Villa Plumosa, and Yorba Linda Palms, will generate 748 kilowatts of electricity, offsetting 80-90% of the communities' energy usage.

Through virtual net metering, residents at Arroyo Vista receive about $60 in monthly energy savings, with Villa Plumosa residents saving similarly, while Yorba Linda Palms residents will save over $75 monthly when operational this summer. The Arroyo Vista installation alone is projected to save residents over $3.5 million on electric bills over 20 years.

The projects were funded through the Solar On Multifamily Affordable Housing (SOMAH) program and Low-Income Communities Investment Tax Credit (ITC) program, requiring no cost from residents. Sunrun currently serves more than 21,000 households in low-income multifamily properties.

Sunrun (RUN) has scheduled its first quarter 2025 earnings release and conference call for May 7, 2025. The company will release its financial results after market close, followed by a conference call at 1:30 p.m. Pacific Time.

Investors and analysts can access the conference call through the Sunrun Investor Relations website or by dialing toll-free (877) 407-5989 or (201) 689-8434. An audio replay will be available on the investor relations website for approximately one month, with a transcript posted the following day.

Sunrun (Nasdaq: RUN) has announced a groundbreaking partnership with Pacific Gas and Electric Company (PG&E) to create a virtual power plant using residential solar-plus-storage systems. The program will utilize approximately 600 Sunrun customer homes with battery storage to provide targeted load relief in areas with constrained electric grids.

The Local PeakShift Power program will operate for up to 100 hours from June through October, leveraging Tesla's grid services platform and Lunar Energy's AI-enabled forecasting to optimize battery dispatches. Participating customers will receive a one-time $150 payment per battery while maintaining a 20% backup reserve.

This initiative is part of PG&E's 2025 Seasonal Aggregation of Versatile Energy (SAVE) virtual power plant, marking the second collaboration between Sunrun and PG&E. With 156,000 residential battery systems nationwide, Sunrun aims to support utility initiatives while reducing costs for ratepayers and enhancing grid reliability.

Sunrun (Nasdaq: RUN), America's leading clean energy subscription service provider, has achieved two prestigious recognitions from BestCompany.com: the 2025 Platinum Solar Award and the Preferred Partner Award. The company was selected for its proven expertise, innovative partnerships, technology, flexible financing, and commitment to sustainability.

The recognition highlights Sunrun's customer-first approach, reflected in their strong Net Promoter Score of 76 points in 2024. The company offers comprehensive services including 24/7 system monitoring, free maintenance and repairs, and a solar performance guarantee.

These awards follow recent accolades including Good Housekeeping's 2025 Home Renovation Awards as a Sustainability Innovator, the 2024 Excellence in Customer Service Award from Business Intelligence Group, and a 2024 Silver Stevie® Award for Achievement in Customer Experience.

Sunrun (RUN) reported strong Q4 2024 financial results, marking its third consecutive quarter of positive cash generation at $34 million. The company achieved $518.5 million in total revenue and installed 242.4 Megawatts of solar capacity and 392 Megawatt hours of storage capacity, with storage attachment rates reaching 62%.

Key highlights include an increase in Net Earning Assets to $6.8 billion, including $947 million in Total Cash. The company paid down $132 million of recourse debt in Q4 and projects Cash Generation guidance of $200-500 million for 2025. Customer base grew 12% year-over-year, reaching 1,048,842 customers, including 889,186 subscribers.

For 2025's first quarter, Sunrun expects Cash Generation of $40-50 million, with Storage Capacity Installation projected at 265-275 Megawatt hours. The company recorded a non-cash goodwill impairment charge of $3.1 billion in Q4 2024, resulting in a net loss attributable to common stockholders of $2,813.7 million.

Sunrun (RUN) reported significant growth in its virtual power plant (VPP) programs during 2024, achieving a combined peak capacity of nearly 80 megawatts. Over 20,000 customers participated in 16 VPP programs across nine states and territories. The company's CalReady program in California, the nation's largest single-owner VPP, delivered an average of 48 megawatts during peak hours, with output peaking at 54 megawatts.

Notable achievements include the PowerOn Puerto Rico program supporting over 70 energy shortfall events, new partnerships with Tesla Electric and Vistra in Texas offering customer incentives, and launching the first vehicle-to-home grid support program with Ford and Baltimore Gas and Electric. The company's storage-first approach saw customer enrollment in power-sharing programs grow approximately 100% year-over-year in 2024.

Sunrun (RUN) has successfully priced its thirteenth securitization of leases and power purchase agreements since 2015, marking its first issuance in 2025. The $629 million transaction, the second-largest in industry history, includes three classes of A-rated notes and one BB-rated class.

The deal comprises $102.0 million Class A-1 notes and $276.5 million Class A-2A notes marketed publicly, plus $250.0 million Class A-2B notes placed privately. The Class A-1 and A-2A notes were oversubscribed with coupons of 5.99% and 6.41% respectively, representing a 42 bps improvement from Sunrun's previous securitization.

The notes are backed by 39,458 systems across 20 states, Washington D.C., and Puerto Rico, with customers having an average FICO score of 738. The transaction is expected to close by February 5, 2025.

Sunrun (Nasdaq: RUN) has announced its schedule for releasing fourth quarter and full-year 2024 earnings report. The company will publish its financial results after market close on Thursday, February 27, 2025.

A conference call to discuss the earnings results is scheduled for 1:30 p.m. Pacific Time on the same day. Investors can access the call through the Sunrun Investor Relations website or by phone using the toll-free number (877) 407-5989 or toll number (201) 689-8434.

An audio replay will be available on the company's investor relations website for approximately one month following the call, along with a transcript to be posted the next day.

SolarEdge Technologies (SEDG) has announced two significant developments: safe harbor agreements with major US residential solar installers and its second sale of §45X tax credits. The company signed agreements with Sunrun and another leading residential solar financer to provide US-manufactured inverters, Power Optimizers, and batteries throughout 2025.

These agreements aim to help partners qualify for domestic content bonus tax credits. Additionally, SolarEdge completed its second transaction for §45X Advanced Manufacturing Production Tax Credits, involving credits generated in Q3 2024 from US-manufactured inverters and Power Optimizers, eligible for the 11c/w production credit.

The company views these developments as important milestones in its recovery strategy, expecting them to enhance cash position, strengthen the balance sheet, and promote financial stability.