Sunrun Inc Stock Price, News & Analysis

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.

Sunrun CEO Mary Powell has been named to the TIME100 Climate list for 2024, recognizing influential leaders driving business climate action. Under Powell's three-year leadership, Sunrun has added over 400,000 new customers and achieved a 500% increase in battery installations with 112,000 new storage customers. The company has generated approximately 21 billion kilowatt-hours of solar energy, helping avoid nearly 10 million metric tons of carbon emissions. Sunrun has become the first residential storage-plus-solar company to reach over 1 million customers, expanding its share of U.S. residential storage installations through a strategic shift to a storage-first model.

Sunrun (RUN) reported Q3 2024 financial results with notable achievements in storage capacity and customer base. The company installed 336 Megawatt hours of storage capacity, exceeding guidance and showing 92% year-over-year growth, with storage attachment rates reaching 60%. Solar Energy Capacity installed was 230 Megawatts, achieving the high-end of guidance. The company generated positive cash of $2.5 million in Q3, marking the second consecutive quarter of positive cash generation. Net Earning Assets increased to $6.2 billion, including over $1 billion in Total Cash. Sunrun became the first clean energy company to surpass 1 million residential solar customers.

Sunrun (Nasdaq: RUN) has appointed John Trinta, former CEO of Deloitte Financial Advisory Services, to its Board of Directors and Audit Committee. Trinta brings nearly 40 years of expertise in tax and accounting, with significant experience at Deloitte where he held various executive positions from 1998 to 2020, including CEO of Financial Advisory Services and Deputy CEO of Advisory Services. During his tenure, he led important initiatives including Deloitte's merger of Financial Advisory and Risk practices. Trinta holds a BS in Business Administration from California State University, Chico, and an MS in Taxation from Golden Gate University.

Sunrun and Orange and Rockland Utilities have activated New York's largest residential power plant using over 300 solar-plus-storage systems. The project, approved by the NY State Public Service Commission, helped stabilize the electric grid during peak demand events this summer. Participating customers received free or heavily discounted home batteries in exchange for joining the 10-year program, while Sunrun receives upfront payments based on installed battery capacity. The systems provide backup power to homes while retaining 20% stored power during grid supply events. The program supports New York's clean energy transition and storage goals.

Sunrun (Nasdaq: RUN) has announced the date for its third quarter 2024 earnings report. The company will release its earnings after the market closes on Thursday, November 7, 2024. A conference call to discuss the results is scheduled for 1:30 p.m. Pacific Time on the same day.

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

Sunrun, the leading provider of clean energy subscription services, has been recognized as a Sustainability Innovator in Good Housekeeping's 2025 Home Renovation Awards. The award highlights Sunrun's solar-plus-storage subscription service for its ability to protect families against rising energy costs and power outages.

Sunrun's CEO, Mary Powell, emphasized that their service offers customers independence and security from power outages and utility rate increases. Good Housekeeping praised Sunrun's 'Attainable Rooftop Solar' model, which allows homeowners to enjoy solar benefits without upfront costs. The company's subscription includes 24/7 system monitoring, 25-year free maintenance, and an industry-leading Performance Guarantee.

Sunrun's systems not only benefit individual households but also contribute to community grid stability through virtual power plant programs in certain markets. Good Housekeeping's recognition followed a rigorous evaluation process, involving 10,000 hours of hands-on testing and expert judgement.