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 has launched five environmental justice initiatives aimed at increasing access to solar energy and creating jobs in disadvantaged communities. Collaborating with organizations like Blacks in Green and GRID Alternatives, Sunrun plans to remove financial barriers to solar energy and provide no-cost solar programs for eligible families. By 2019, Sunrun and GRID installed 5 megawatts of solar for 1,178 low-income families, enabling $25 million in lifetime savings. Through these partnerships, the company seeks to advocate for social equity and promote career opportunities in the growing solar industry.
Sunrun (NASDAQ: RUN) has announced a new contract with Southern California Edison (SCE) to provide 5 MW of energy capacity through its Brightbox solar-powered battery systems by 2023. This initiative aims to enhance grid resilience and manage peak demand during high-stress events like heat waves. The project will also ensure that at least 10% of the capacity comes from low-to-moderate income households, promoting affordable energy access. Installations will begin in late 2020 and conclude by August 2023, enabling Sunrun to offer recurring revenue through virtual power plant services.
Sunrun (RUN) reported third-quarter results showing strong growth despite a slight revenue decline. The company deployed 109 MW, a 40% sequential increase, and expanded its customer base to 326,000, up 20% year-over-year. Net earning assets rose to $1.7 billion, increasing 15% annually. With the acquisition of Vivint Solar, Sunrun aims for $90 million in cost synergies. Total revenue was $209.8 million, down 3% year-over-year, but net income rose to $37.4 million, or $0.28 per share.
Sunrun Inc. (Nasdaq: RUN) has announced the expansion of its rechargeable home battery product, Brightbox, to all its active markets. This move is expected to provide millions of new potential customers access to the system, which has already powered essential needs for 7,583 hours during outages in 2020. Brightbox enables homeowners to maintain energy during blackouts and participate in community energy networks. Sunrun's expansion includes eight additional states and Washington, D.C., increasing its service area significantly.
Sunrun Inc. (Nasdaq: RUN) has reported a significant increase in homeowner interest in backup power sources amid the COVID-19 pandemic. A study reveals that 62% of homeowners have experienced heightened energy consumption, with nearly 40% seeking backup options due to power outages. Among those who faced outages, 25% reported disruptions lasting a day or more, impacting remote work and schooling. Californians are particularly affected, with 57% anticipating outages. The study indicates a strong demand for home solar and battery solutions to ensure energy reliability during these challenging times.
Sunrun (Nasdaq: RUN) will release its Q3 2020 earnings report on November 5, 2020, after market close. A conference call will be held at 2:00 p.m. Pacific Time to discuss the results, accessible via the Sunrun Investor Relations website or by phone. Sunrun, a leader in home solar and energy services, aims to make clean energy accessible with innovative solutions like its Brightbox battery storage system. The company also manages stored solar energy to enhance resilience and reduce reliance on non-renewable sources.
Sunrun has completed its acquisition of Vivint Solar, creating a clean energy leader valued at approximately $22 billion. The merger brings together over 500,000 customers and 3 gigawatts of solar energy capacity, positioning Sunrun as a top player in the solar market. With anticipated annual cost synergies of $90 million over the next 12 to 18 months, the companies aim to enhance their market reach and improve energy offerings. Sunrun will continue to operate under the ticker symbol RUN.
CHANEL has pledged $35 million for solar energy initiatives targeting low-income households through a partnership with Sunrun (Nasdaq: RUN). This collaboration aims to provide solar access to nearly 30,000 residents in California, yielding monthly energy savings of $40 to $50. Additionally, the project will facilitate over 20,000 job training hours in its first year. The investment aligns with CHANEL’s Global Climate Strategy, seeking to reduce carbon emissions and support disadvantaged communities.
Sunrun (NASDAQ: RUN) and Vivint Solar (NYSE: VSLR) announced the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for their merger. This signifies progress towards their strategic merger, which awaits stockholder approval and other customary closing conditions, expected to finalize in early October 2020. The merger aims to enhance operational efficiencies and expand market presence in the residential solar sector.
Sunrun (Nasdaq: RUN) has partnered with GRID Alternatives to offer free battery systems to low-income customers in wildfire-prone areas of California. Funded through California’s Self-Generation Incentive Program, this initiative aims to enhance energy security amid increasing blackouts. Recipients will receive a home battery storage system along with ten years of monitoring. This program, which specifically targets underserved communities, emphasizes energy equity and allows families to mitigate power outages effectively.