Sunrun Inc Stock Price, News & Analysis

Sunrun (RUN) reported strong Q1 2025 financial results, with significant growth across key metrics. The company achieved $1.2 billion in Aggregate Subscriber Value, up 23% year-over-year, and $164 million in Contracted Net Value Creation, a 104% increase. Notable achievements include $56 million in Cash Generation, marking the fourth consecutive positive quarter, and a record 69% Storage Attachment Rate. Subscriber additions grew 7% to 23,692, with total subscribers reaching 912,878. The company's storage capacity installed increased 61% to 334 megawatt hours. Sunrun maintained strong financial health by paying down $27 million in recourse debt and holding $605 million in unrestricted cash. The company introduced innovative Sunrun Flex subscription service and expanded its CalReady virtual power plant program. For 2025, Sunrun reaffirmed its Cash Generation guidance of $200-500 million and expects Aggregate Subscriber Value of $5.7-6.0 billion.

Sunrun (RUN) has unveiled Sunrun Flex™, a revolutionary solar and battery storage solution that adapts to customers' changing energy needs. This marks the company's first major financial innovation since introducing residential Power Purchase Agreements in 2007. The system features a predictable monthly minimum payment structure where customers only pay for extra energy above their baseline at a locked-in Flex Rate.

Key features include: Rollover Credits for unused energy, premium battery storage for backup during outages, grid services program participation, and comprehensive performance guarantees. The solution is designed to accommodate increased energy consumption, which typically rises 15% in the first year of solar adoption, and future needs like electric vehicle charging.

Sunrun Flex systems are intentionally sized above current usage levels and include 24/7 monitoring, maintenance, and repairs. The offering is exclusively available through Sunrun-managed sales teams.

Sunrun (RUN) has significantly expanded its CalReady virtual power plant to include over 56,000 customer solar-plus-battery systems, totaling approximately 75,000 batteries. The system is expected to deliver an average of 250 megawatts per two-hour event, with potential peaks of 375 megawatts—enough to power 280,000 homes. This marks a quadruple increase from 2024, when 16,000 households delivered 48 megawatts on average. The program operates daily from 4-9 PM between May and October, compensating customers up to $150 per battery. In 2024, CalReady generated over $1.5 million in customer value, with 2025 projections reaching nearly $10 million. Notably, Sunrun's storage attachment rate reached 60% company-wide and nearly 90% in California by end-2024. The system maintains a minimum 20% backup reserve for participating customers during outages.

Sunrun (Nasdaq: RUN) has completed solar installations at three affordable apartment communities in Orange County, California, benefiting approximately 800 low-income residents. The projects, located at Arroyo Vista, Villa Plumosa, and Yorba Linda Palms, will generate 748 kilowatts of electricity, offsetting 80-90% of the communities' energy usage.

Through virtual net metering, residents at Arroyo Vista receive about $60 in monthly energy savings, with Villa Plumosa residents saving similarly, while Yorba Linda Palms residents will save over $75 monthly when operational this summer. The Arroyo Vista installation alone is projected to save residents over $3.5 million on electric bills over 20 years.

The projects were funded through the Solar On Multifamily Affordable Housing (SOMAH) program and Low-Income Communities Investment Tax Credit (ITC) program, requiring no cost from residents. Sunrun currently serves more than 21,000 households in low-income multifamily properties.

Sunrun (RUN) has scheduled its first quarter 2025 earnings release and conference call for May 7, 2025. The company will release its financial results after market close, followed by a conference call at 1:30 p.m. Pacific Time.

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

Sunrun (Nasdaq: RUN) has announced a groundbreaking partnership with Pacific Gas and Electric Company (PG&E) to create a virtual power plant using residential solar-plus-storage systems. The program will utilize approximately 600 Sunrun customer homes with battery storage to provide targeted load relief in areas with constrained electric grids.

The Local PeakShift Power program will operate for up to 100 hours from June through October, leveraging Tesla's grid services platform and Lunar Energy's AI-enabled forecasting to optimize battery dispatches. Participating customers will receive a one-time $150 payment per battery while maintaining a 20% backup reserve.

This initiative is part of PG&E's 2025 Seasonal Aggregation of Versatile Energy (SAVE) virtual power plant, marking the second collaboration between Sunrun and PG&E. With 156,000 residential battery systems nationwide, Sunrun aims to support utility initiatives while reducing costs for ratepayers and enhancing grid reliability.

Sunrun (Nasdaq: RUN), America's leading clean energy subscription service provider, has achieved two prestigious recognitions from BestCompany.com: the 2025 Platinum Solar Award and the Preferred Partner Award. The company was selected for its proven expertise, innovative partnerships, technology, flexible financing, and commitment to sustainability.

The recognition highlights Sunrun's customer-first approach, reflected in their strong Net Promoter Score of 76 points in 2024. The company offers comprehensive services including 24/7 system monitoring, free maintenance and repairs, and a solar performance guarantee.

These awards follow recent accolades including Good Housekeeping's 2025 Home Renovation Awards as a Sustainability Innovator, the 2024 Excellence in Customer Service Award from Business Intelligence Group, and a 2024 Silver Stevie® Award for Achievement in Customer Experience.

Sunrun (RUN) reported strong Q4 2024 financial results, marking its third consecutive quarter of positive cash generation at $34 million. The company achieved $518.5 million in total revenue and installed 242.4 Megawatts of solar capacity and 392 Megawatt hours of storage capacity, with storage attachment rates reaching 62%.

Key highlights include an increase in Net Earning Assets to $6.8 billion, including $947 million in Total Cash. The company paid down $132 million of recourse debt in Q4 and projects Cash Generation guidance of $200-500 million for 2025. Customer base grew 12% year-over-year, reaching 1,048,842 customers, including 889,186 subscribers.

For 2025's first quarter, Sunrun expects Cash Generation of $40-50 million, with Storage Capacity Installation projected at 265-275 Megawatt hours. The company recorded a non-cash goodwill impairment charge of $3.1 billion in Q4 2024, resulting in a net loss attributable to common stockholders of $2,813.7 million.

Sunrun (RUN) reported significant growth in its virtual power plant (VPP) programs during 2024, achieving a combined peak capacity of nearly 80 megawatts. Over 20,000 customers participated in 16 VPP programs across nine states and territories. The company's CalReady program in California, the nation's largest single-owner VPP, delivered an average of 48 megawatts during peak hours, with output peaking at 54 megawatts.

Notable achievements include the PowerOn Puerto Rico program supporting over 70 energy shortfall events, new partnerships with Tesla Electric and Vistra in Texas offering customer incentives, and launching the first vehicle-to-home grid support program with Ford and Baltimore Gas and Electric. The company's storage-first approach saw customer enrollment in power-sharing programs grow approximately 100% year-over-year in 2024.