Sunrun Inc Stock Price, News & Analysis

Sunrun (RUN) reported 23,556 customer additions in Q1 2021, reaching a total of over 573,000 customers, representing an 18% year-over-year growth when adjusted for Vivint Solar. The company increased its full-year growth guidance to 25%-30% due to strong demand and expanding operations. Q1 net subscriber value is $8,197, generating a total value of $165 million. Sunrun's annual recurring revenue stands at $683 million with an average contract life of 17 years. Despite a net loss of $23.8 million for the quarter, they expect significant long-term growth in the solar market.

Sunrun (Nasdaq: RUN) has released its fourth annual Impact Report, highlighting significant achievements in environmental, social, and governance (ESG) initiatives. Since its founding in 2007, Sunrun has prevented over 8.1 million metric tons of carbon pollution and generated nearly four gigawatts of solar energy. The company aims for net zero emissions by 2040 and plans to reduce transportation emissions significantly in five years. Financially, Sunrun serves 550,000 customers, reflecting an 18% growth, and has $9 billion in gross solar system assets.

Sunrun (Nasdaq: RUN) has nominated Sonita Lontoh for election as a Class III director at the upcoming annual stockholders' meeting on June 3, 2021. If elected, Lontoh will serve a three-year term. With over 20 years of experience, she brings expertise in innovation, marketing, and customer experience, having previously worked with HP Inc. and Siemens AG. The nomination aims to enhance the board’s ability to drive growth and innovation in solar energy, aligning with Sunrun’s mission of providing affordable, clean energy solutions.

Sunrun (Nasdaq: RUN) is set to release its Q1 2021 earnings report on May 5, 2021, after market close. A conference call will follow at 2:00 PM PT to discuss the results, accessible via the Sunrun Investor Relations website or by dialing 877-407-5989. Founded in 2007, Sunrun has become the leading home solar and energy services provider in the U.S., focusing on affordable solar energy solutions without upfront costs. Their battery storage solution, Brightbox, supports energy reliability for households while reducing dependency on pollution-heavy energy sources.

Sunrun (Nasdaq: RUN) has announced a successful securitization of leases and power purchase agreements, reaching a record low spread to benchmark rates. The transaction involves A-rated notes priced at a yield of 2.46%, improving the spread by 40 basis points from the previous record. With an initial balance of $201 million and an 80% advance rate, the notes back a diverse portfolio of over 16,686 solar rooftop systems across 17 states. The closing is expected by March 17, 2021, reflecting Sunrun's strong capital position and enhanced ability to raise funds.

Sunrun (RUN) reported strong Q4 2020 results, adding approximately 23,500 customers, totaling over 550,000 customers, marking an 18% year-over-year growth. The net subscriber value reached $9,051, generating a total value of $170 million. Annual recurring revenue hit $668 million with an average contract life of 17 years. Sunrun expects a 20-25% growth rate for 2021 and increased expected cost synergies from the Vivint Solar acquisition from $90 million to $120 million.

Sunrun (Nasdaq:RUN) has announced its expansion in Texas, specifically in San Antonio, to provide the Brightbox rechargeable solar battery system to residents. This move comes in response to increasing extreme weather events, allowing more Texans to utilize solar energy and maintain power during outages. Since launching in Texas in 2017, Sunrun has prioritized accessibility to clean energy. The Brightbox system offers backup electricity from stored solar energy, enabling families to manage energy costs while enhancing grid resilience.

Sunrun (Nasdaq:RUN) has expanded its Brightbox rechargeable solar battery system to Miami, allowing residents to harness solar energy and maintain electricity during outages. This follows its entry into Florida in 2017 and subsequent expansions in Orlando and Tampa. The Brightbox system stores energy from rooftop solar panels, ensuring access to backup power. Sunrun aims to support local job growth, with an additional branch opening in Ft. Lauderdale. The company now contributes to Florida's solar employment, ranking second nationally.

Sunrun (Nasdaq: RUN) has announced its fourth quarter 2020 earnings release set for February 25, 2021, after market close. A conference call will follow at 2:00 p.m. PT to discuss the earnings report. Access to the call is available via Sunrun's Investor Relations website or by phone. Sunrun is recognized as the leading home solar and energy services company in the U.S., providing innovative solutions such as the Brightbox home battery system, which enhances energy reliability for households while promoting sustainable energy practices.