Sunrun Inc Stock Price, News & Analysis

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.

Sunrun CEO Mary Powell has been named to Forbes' inaugural list of Sustainability Leaders, recognizing 50 global leaders driving a sustainable future through innovation and impact. This honor follows Sunrun becoming the first solar-plus-storage company in the U.S. to surpass 1 million customers.

Powell's leadership has transformed Sunrun into a multi-product clean energy lifestyle company, adding over 400,000 customers in three years and increasing battery storage installations by 400%. Under her guidance, Sunrun installs approximately 1 gigawatt of distributed home solar annually.

The recognition highlights Powell's vision for reducing fossil fuel dependence and strengthening the grid with customer-focused, distributed clean energy solutions. Forbes' list launches in conjunction with its third annual Sustainability Leaders Summit during New York's Climate Week.

Sunrun (Nasdaq: RUN), a leading clean energy subscription service provider, has priced its twelfth securitization of leases and power purchase agreements. The transaction involves $365.4 million in notes, structured with two classes of A+ rated notes and one class of BB rated notes. The Class A-1 ($75.0 million) and Class A-2 ($290.4 million) notes were oversubscribed, carrying coupons of 5.49% and 5.88% respectively. The notes are backed by a diverse portfolio of 21,281 systems across 19 states and Puerto Rico. Sunrun's CFO, Danny Abajian, highlighted the company's strong execution in capital markets and industry-leading cost of capital. The transaction is expected to close by September 26, 2024.

Vistra (NYSE: VST) has announced a new partnership with Sunrun (Nasdaq: RUN) to launch the TXU Energy & Sunrun Battery Rewards program in Texas. This initiative aims to support grid reliability by aggregating power from residential solar-connected batteries, creating a virtual power plant. TXU Energy customers with Sunrun home solar panels and batteries can opt in to receive financial incentives for participating, while retaining control of their systems during outages or severe weather.

The program builds on TXU Energy's existing solar buyback plans, which paid over $10 million in credits to customers last year. Sunrun, with its 1 million customers and 116,000+ installed storage systems, will manage the network of batteries and coordinate power discharge to the grid. This partnership expands Vistra's distributed energy initiatives and continues its tradition of pioneering energy-efficiency solutions in Texas.

Sunrun (Nasdaq: RUN), the leading U.S. provider of clean energy subscriptions, has surpassed 1 million residential solar customers, becoming the first storage-plus-solar company to reach this milestone. The company now accounts for 20% of home solar systems installed in the country, serving approximately 3 million people. Sunrun has evolved from a solar-only to a multi-product clean energy business, offering battery storage, EV charging, and bidirectional power flow systems.

Sunrun's systems have generated over 37 billion kilowatt hours of solar energy, saving customers about $1.3 billion in energy costs and avoiding an estimated 18 million metric tons of CO2 emissions. The company is also the largest single-owner operator of home solar and storage virtual power plants, enabling customers to participate in the shared clean energy economy.

Sunrun (Nasdaq: RUN), the leading clean energy subscription service provider, has partnered with Tesla Electric to create a customer-driven power plant in Texas using residential solar-plus-battery systems. The program has enrolled over 150 Sunrun customers and aims to dispatch stored solar energy from home batteries to increase electricity reserves during high consumption periods.

This partnership marks Sunrun's first operational aggregated power plant program in Texas, addressing recent grid vulnerabilities and power outages. Participating customers will receive compensation, estimated at $400 per Powerwall for 2024, while retaining energy for backup during outages. Sunrun will earn incremental recurring revenue from the program.

The initiative aligns with ERCOT's efforts to diversify and strengthen the power grid through the Aggregated Distributed Energy Resources Task Force. With nearly one million customers and over 116,000 installed storage systems, Sunrun aims to enhance grid resilience and provide homeowners with energy security and independence.

Sunrun (Nasdaq: RUN), the leading U.S. clean energy subscription service provider, reported strong Q2 2024 results. Highlights include:

- Cash Generation of $217 million in Q2
- Storage Capacity Installed of 265 Megawatt hours, up 152% YoY
- Solar Energy Capacity Installed of 192 Megawatts
- Net Earning Assets increased to $5.7 billion
- Storage attachment rates reached 54%

Sunrun introduced 2025 Cash Generation guidance of $350-$600 million and reiterated Q4 2024 guidance of $50-$125 million. The company expects positive Cash Generation in Q3 2024 and is on track for its annualized run-rate target of $200-$500 million in Q4.

Sunrun (Nasdaq: RUN), the leading U.S. clean energy subscription service provider, has received approval from the Science Based Targets initiative (SBTi) for its greenhouse gas emissions reduction targets and net-zero goal by 2050. The company commits to:

• Reduce absolute scope 1 and 2 emissions by 54.6% by 2033
• Cut scope 3 emissions from purchased goods and services by 61.1% per megawatt of solar energy capacity installed
• Achieve net-zero greenhouse gas emissions across its value chain by 2050
• Reduce absolute scope 1, 2, and 3 emissions by 90% by 2050 from a 2022 base year

Sunrun CEO Mary Powell emphasized the company's commitment to prioritizing these aggressive emission-reduction targets while helping households adopt clean energy solutions through home solar and storage.

Sunrun (Nasdaq: RUN) customers in Houston demonstrated the resilience of solar-plus-storage systems during Hurricane Beryl's aftermath. Over 1,600 customers maintained power for 70,000+ hours as grid outages affected millions. Michael Shepard from Porter, TX, powered his home for 200+ consecutive hours without relying on generators.

CEO Mary Powell emphasized the safety benefits of solar and battery systems over portable generators, which caused carbon monoxide poisoning incidents. On average, each Sunrun customer received 44 hours of backup power. Customers like Xavier Harris and Allante McGowan highlighted the system's ability to power essential appliances and preserve medications.

Notably, Sunrun customers shared their clean energy with neighbors. Brent McNiel in Richmond, TX, provided power to nearby homes and sheltered a family. With 102,000+ battery systems nationwide, Sunrun aims to expand access in Texas, supporting grid stability during peak demand.