Welcome to our dedicated page for Sunrun news (Ticker: RUN), a resource for investors and traders seeking the latest updates and insights on Sunrun stock.
Sunrun Inc. (Nasdaq: RUN) is active in residential solar, home battery storage, and home-to-grid power plants, and its news flow reflects this focus on distributed clean energy. Company announcements frequently highlight developments in its subscription-based home energy model, large-scale battery deployments, and participation in grid-support programs across multiple states and territories.
Investors and observers following RUN news will see regular earnings releases and financial updates, often accompanied by conference calls where management discusses metrics such as Subscriber Additions, storage and solar capacity installed, Subscriber Value, Contracted Net Value Creation, and Cash Generation. These updates are typically paired with Form 8-K filings that reference the associated press releases.
Sunrun’s news also covers capital markets and financing activities, including securitizations of leases and power purchase agreements and other non-recourse debt financings backed by residential solar and storage portfolios. The company reports on pricing, structure, and investor participation in these transactions, which are central to funding its asset base and growth strategy.
Another major theme in RUN news is grid services and distributed power plant operations. Sunrun regularly reports on dispatch events where its fleet of home batteries provides hundreds of megawatts of peak power to support grid reliability, as well as on analyses that quantify its contribution to statewide distributed power plant tests. News items describe how these resources help avoid or reduce blackouts and manage peak demand.
Readers will also find coverage of strategic partnerships and pilot programs, such as collaborations with utilities, energy retailers, and automakers on home energy plans, vehicle-to-grid pilots, and virtual power plant initiatives. Governance updates, including board appointments, appear in both press releases and related SEC filings. This news page is a central place to review Sunrun’s latest disclosures on operations, financing, partnerships, and its evolving role in the residential solar and storage market.
Sunrun (Nasdaq: RUN) announced it will release its third quarter 2022 earnings on November 2, 2022, after market close. A conference call will follow at 1:30 PM PT to discuss the results, accessible via its Investor Relations website or by phone. Sunrun, a leader in home solar and battery storage, aims to make clean energy accessible with innovative solutions and no upfront costs. For further info, visit www.sunrun.com.
East Bay Community Energy (EBCE) collaborated with Sunrun to support California's energy grid during recent extreme heat waves. Over 1,000 solar and battery customers from EBCE's Resilient Home Program collectively provided significant energy, helping to prevent rolling blackouts. From September 1-8, 2022, Sunrun delivered 1.1 gigawatt-hours back to the grid, with nearly 55 megawatt-hours from EBCE customers. This program not only improves grid resilience but also compensates participants for energy contributions, showcasing the value of distributed energy resources.
Sunrun CEO Mary Powell joined President Biden at The White House to celebrate the Inflation Reduction Act, which allocates $369 billion to combat climate change. Powell emphasized the role of clean energy systems in enhancing grid stability and affordability amidst rising electricity rates, which are nearly 16% higher than last year. She highlighted potential savings of up to $1,800 per year for households adopting solar energy. With 33% year-over-year growth in solar capacity, the IRA's tax incentives will likely boost demand for rooftop solar and battery storage.
Sunrun (Nasdaq: RUN) announced that over 17,000 customers provided more than 80 MW of stored solar energy capacity to California's electric grid during peak demand times, alleviating stress on the grid. This represents a 60% increase in capacity from the previous year. Sunrun's solar and battery systems not only support energy independence but also participate in emergency programs to minimize outages. The company claims its total capacity can equate to a nuclear power plant's output, emphasizing its contribution to clean energy and reducing reliance on fossil fuels.
Lunar Energy, founded in August 2020, has raised $300 million to transition homes to 100% clean energy. Backed by Sunrun (NASDAQ: RUN) and SK Group, Lunar has engineered its first product, a next-generation home battery system, and acquired Moixa, a leader in energy resource management. The company aims to empower homeowners with energy independence, reducing reliance on fossil fuels. With a growing team of nearly 250 employees, Lunar is set to release its product later this year, combining innovative hardware with Moixa's GridShare software for better energy management.
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Sunrun reported record sales and significant growth in Q2 2022, with a 33% year-over-year increase in solar energy capacity installed. The company added 34,403 new customers, totaling 724,177, marking a 21% growth. Annual Recurring Revenue reached $917 million with a 17.6-year average contract life. Notably, Net Subscriber Value increased to $7,910. Despite a net loss of $12.4 million, strong demand and new offerings, including an electric vehicle charger, position Sunrun favorably for the future.
Sunrun has launched a new Level 2 electric vehicle (EV) charger, enhancing its suite of home energy management solutions. This initiative aims to enable customers to charge their EVs using solar power, tapping into the growing demand for electric vehicles. The 40-amp charger will be available starting September in select states, with nationwide rollout planned by year-end. With EV sales doubling in 2021 and a significant increase in home electricity consumption from EVs, this product promises cost savings and sustainability for consumers.
Sunrun (Nasdaq: RUN) has entered an exclusive agreement with SPAN to integrate smart electrical panels with its solar-plus-battery systems in Puerto Rico. This partnership aims to enhance energy management for residents, facilitating control over power distribution during outages and improving energy resilience. Following a history of electricity instability in Puerto Rico, this innovation allows users to extend backup power by up to 40% and offers real-time energy monitoring. Sunrun, a leading provider since 2018, continues to address the region's energy needs amidst rising utility costs.
Sunrun (Nasdaq: RUN) rebuts allegations made by short-seller Muddy Waters in a report dated July 28, 2022. The company defends its financial practices, asserting the independence and accuracy of its audit procedures and tax credit claims under IRS Section 48. Sunrun highlights that the appraisals for its solar systems adhere to industry best practices, countering Muddy Waters' claims of misrepresentation. Since the report's release, Sunrun's stock has risen by 27%, outperforming its competitors and the broader market.