Sunrun Inc Stock Price, News & Analysis

Sunrun has partnered with BRIDGE Housing to install a new solar energy system at Villa Loma Apartments in Carlsbad, CA, benefiting nearly 350 families. This 780-kilowatt installation is expected to save residents an average of over $60 monthly and a total of approximately $7.5 million in the next 20 years. The solar project will also reduce the property’s energy expenses by 30%, amounting to $15,000 annually, which will support resident services and new programs. Sunrun aims to extend solar access to lower-income communities, having executed 645 affordable housing contracts since 2018, with anticipated yearly savings exceeding $18 million. This initiative strengthens energy equity and supports sustainable living, reflecting Sunrun's commitment to providing clean energy solutions to underserved households.

Sunrun (Nasdaq: RUN) has unveiled its 2022 Impact Report, outlining its commitment to long-term sustainable value and profitable growth. The report details significant advancements in Environmental, Social, and Governance (ESG) initiatives, with highlights such as:

• Generation of 25.6 billion kWh of clean energy since 2007, avoiding 14.6 million metric tons of CO₂ emissions.
• Reduction of 10% in emissions intensity from the previous year.
• Provision of over $1 billion in energy savings to customers since 2007.

The company also emphasized improvements in employee safety and plans to incorporate safety as a factor in its annual cash bonus plan. CEO Mary Powell reinforced the focus on generating value for stakeholders through sustainable business practices.

Sunrun (Nasdaq: RUN) has announced the launch of Sunrun Shift™, a new subscription service aimed at maximizing the value of residential solar energy for California customers. This initiative aligns with California's new rooftop solar policy, the net billing tariff, effective April 15, 2023, which significantly alters compensation rates for energy produced by residential solar systems.

Shift enhances potential savings by allowing users to store solar energy generated during the day for use during evening peak hours when energy prices are highest. This solution is designed to optimize self-consumption without providing backup power capabilities, making installation easier and cost-effective. CEO Mary Powell emphasizes the goal of delivering affordable clean energy prices and responding to increasing consumer demand in California.

Sunrun (Nasdaq: RUN) announced the release of its first quarter 2023 earnings report, scheduled for after market closure on May 3, 2023. A conference call will follow at 1:30 p.m. PT to discuss the results. Interested parties can access the call via the Sunrun Investor Relations website or by phone.

Sunrun is a leader in home solar and energy services, dedicated to making clean energy accessible with minimal upfront costs. The company also focuses on home energy storage solutions, managing and sharing solar energy to benefit households and the electric grid. For more information, visit www.sunrun.com.

Sunrun (Nasdaq: RUN) reported robust financial results for Q4 and full year 2022, with total revenue reaching $609.2 million in Q4, a 40% year-over-year increase, and $2.32 billion for the full year, up 44%. Net Subscriber Value hit a record $16,569, while customer agreements revenue grew 21% to $242.3 million. Solar Energy Capacity Installed surpassed 275 MW in Q4. Early 2023 sales activities are up over 30% year-over-year. Sunrun's Annual Recurring Revenue exceeded $1 billion, bolstered by extensive operational efficiency and market leadership in solar energy solutions. Leadership changes were also announced as co-Founder Edward Fenster transitions to a strategic advisory role.

Sunrun and PG&E launched a groundbreaking Energy Efficiency Summer Reliability Program to support residential solar and battery systems in California. Up to 7,500 customers can participate, creating a virtual power plant (VPP) that will generate 30 megawatts of clean energy during peak demand from August to October 2023. Enrolled customers will receive $750 upfront and a free smart thermostat. This initiative aims to enhance grid reliability amid heightened energy demands and offers Sunrun a chance for incremental revenue through its management of the VPP services. The program was prompted by California's efforts to improve energy resilience following a State of Emergency declaration.