Sunrun Inc. provides residential solar, home battery storage and home-to-grid power plant services in the United States. The company designs, installs, sells, owns and maintains residential solar energy systems and offers home energy systems through a subscription model, with customer agreements that can extend over long contract terms.
Sunrun news commonly covers operating and financial results, subscriber and cash-generation metrics, capital-structure disclosures, governance matters and shareholder voting topics. Company updates also address battery storage adoption, distributed power plant programs, grid-services dispatches, utility partnerships and the role of storage-plus-solar systems in supporting local and system-wide electric grids.
Sunrun (Nasdaq: RUN) has announced a shift to a virtual-only 2020 Annual Meeting of Stockholders due to COVID-19 safety measures. The meeting is scheduled for June 2, 2020, at 8:30 a.m. PT. Stockholders as of the record date, April 8, 2020, can attend the meeting online using a control number. Sunrun urges stockholders to vote in advance, regardless of attendance plans. The company continues to focus on making solar energy accessible with its innovative Brightbox battery solution, promoting reliable and resilient energy for households.
Sunrun (Nasdaq: RUN) reported Q1 2020 results with total revenue reaching $210.7 million, an 8% increase year-over-year. The company’s customer base expanded to 298,000, marking a 23% year-over-year growth. Net Earning Assets rose to $1.6 billion, up 12% year-over-year. Key metrics include a 13% increase in Megawatts Deployed (97 MW) and decreased Creation Cost per watt (from $3.46 to $3.09, an 11% improvement). Despite these positive metrics, the net loss was $28 million or $0.23 per share.