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 (RUN) has announced an expansion of its non-recourse warehouse lending facility to $1.8 billion, up from $800 million. This move is designed to support the company's growth while reducing financing costs by 50 basis points to 200 basis points over LIBOR. The financing facility will be available until April 2024, maturing in April 2025. Sunrun aims to enhance its capital structure and improve financial returns by investing in solar and battery systems, benefiting homeowners with affordable energy solutions. The announcement follows the retirement of older facilities totaling $982 million.
Sunrun (Nasdaq: RUN) announced a successful securitization of leases and power purchase agreements, achieving record low costs of capital and over 100% advance rates on Gross Earning Assets. The Class A notes, totaling $447.1 million, were priced at a 2.28% yield, with a significant improvement in spreads. Sunrun raised additional subordinated financing, enhancing cash flow despite high capital expenditures. The company reported GEA and CGEA metrics reflecting strong cash flow expectations, indicating ongoing growth and stability in the solar market.
Sunrun (Nasdaq: RUN) announced the successful pricing of a securitization of leases and power purchase agreements, achieving record low spreads against benchmark rates and a 2.28% yield on Class A notes. The transaction includes $447.1 million in Class A notes, representing a 75% advance rate based on discounted asset balance, with a weighted average life of 6.3 years. The diverse portfolio consists of 34,068 solar systems across 23 states. This marks the first securitization with a 5% discount rate, enhancing capital efficiency. The transaction is set to close on September 29, 2021.
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Sunrun has launched PowerU, a fully-funded employee education program aimed at training a skilled workforce for the clean energy industry. This initiative addresses the projected need for over 900,000 skilled workers by 2035. PowerU includes partnerships with Guild Education and offers over 150 flexible educational opportunities, including a unique electrician apprenticeship program. Starting from day one of employment, all full-time and part-time employees can access support, promoting diversity and career advancement in one of the fastest-growing industries.
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Sunrun (NASDAQ: RUN) announced that Mary Powell will become its new Chief Executive Officer, effective August 31, 2021, succeeding co-founder Lynn Jurich, who will transition to Executive Co-Chair. Powell, a recognized leader in the energy sector, previously served as CEO of Green Mountain Power, where she drove significant operational and customer satisfaction improvements. The transition aims to leverage Powell's expertise to further Sunrun's growth and innovation in residential solar and energy solutions.
Sunrun (RUN) reported strong Q2 2021 results, adding 26,110 customers, reaching a total of 599,743, with a 19% YoY growth post-Vivint Solar acquisition. Annual Recurring Revenue stands at $747 million, with an average contract life of 17 years. The company raised its full-year growth guidance to 30%, up from 25-30%. Q2 revenue surged 121% year-over-year to $401.2 million. However, net loss was $41.2 million, or $0.20 per share. Sunrun is well-positioned for future growth, focusing on solar capacity and innovative services like virtual power plants.
Sunrun (Nasdaq: RUN) announced its second quarter 2021 earnings report will be released on August 5, 2021, after market closure. A conference call to discuss the results is scheduled for 2:00 p.m. Pacific Time, available via the Sunrun Investor Relations website or by phone. The company, a leader in home solar energy and battery storage solutions, aims to enhance accessibility to clean energy through its innovative service plans. More details can be found on their official website.
Sunrun (Nasdaq: RUN) has partnered with Ford to become the preferred installer for the all-electric F-150 Lightning’s Ford Intelligent Backup Power. This partnership will enable seamless installation of the 80-amp Ford Charge Station Pro, allowing the F-150 to serve as a backup energy source during outages. Customers will also have the option to install solar and battery systems in their homes, promoting clean energy usage. Ford's F-150 reservations are now open with deliveries commencing in mid-2022.