Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems. Its primary customers are residential homeowners. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California.
IPO Year: 2015
Exchange: NASDAQ
Website: sunrun.com
Date | Price Target | Rating | Analyst |
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11/8/2024 | $14.00 | Outperform → Neutral | Exane BNP Paribas |
11/7/2024 | Buy → Neutral | Guggenheim | |
2/27/2024 | Buy → Neutral | Janney | |
1/4/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
12/19/2023 | $15.00 → $31.00 | Neutral → Overweight | Piper Sandler |
12/15/2023 | $25.00 | Buy | Jefferies |
11/21/2023 | $23.00 | Buy | Mizuho |
11/2/2023 | $12.00 | Outperform → Market Perform | Northland Capital |
11/2/2023 | $17.00 → $12.00 | Outperform → Market Perform | BMO Capital Markets |
10/20/2023 | $20.00 | Outperform | Exane BNP Paribas |
4 - Sunrun Inc. (0001469367) (Issuer)
Storage Capacity Installed of 336 Megawatt hours in Q3, exceeding high-end of guidance range and representing 92% year-over-year growth, as storage attachment rates reach 60% Solar Energy Capacity Installed of 230 Megawatts in Q3, at the high-end of prior guidance range, reaching 7.3 Gigawatts of Networked Solar Energy Capacity Cash Generation of $2.5 million in Q3, second consecutive quarter of positive Cash Generation Reiterating Cash Generation guidance of $350 million to $600 million in 2025 Net Earning Assets increases to $6.2 billion, including over $1 billion of Total Cash Sunrun becomes the first clean energy company to surpass 1 million residential solar customers SAN FRANCISC
SAN FRANCISCO, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN) today announced that it will issue its third quarter 2024 earnings report after the market closes on Thursday, November 7, 2024. A conference call has been scheduled to discuss these earnings results at 1:30 p.m. Pacific Time. The conference call can be accessed live via the Sunrun Investor Relations website at https://investors.sunrun.com or over the phone by dialing (877) 407-5989 (toll-free) or (201) 689-8434 (toll). An audio replay will be available following the call on the Sunrun Investor Relations website for approximately one month. A transcript of the conference call will also be posted to the Sunrun Investor Re
Cash Generation of $217 million in Q2, including working capital recovery Introducing Cash Generation guidance of $350 million to $600 million in 2025; reiterating Cash Generation guidance of $50 million to $125 million in Q4 ($200 million to $500 million annualized) Storage Capacity Installed of 265 Megawatt hours in Q2, exceeding high-end of guidance range and representing 152% year-over-year growth, as storage attachment rates reach 54% Solar Energy Capacity Installed of 192 Megawatts in Q2, within the prior guidance range, reaching 7.1 Gigawatts of Networked Solar Energy Capacity Net Earning Assets increases to $5.7 billion, inc
SAN FRANCISCO, July 10, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN) today announced that it will issue its second quarter 2024 earnings report after the market closes on Tuesday, August 6, 2024. A conference call has been scheduled to discuss these earnings results at 1:30 p.m. Pacific Time. The conference call can be accessed live via the Sunrun Investor Relations website at https://investors.sunrun.com or over the phone by dialing (877) 407-5989 (toll-free) or (201) 689-8434 (toll). An audio replay will be available following the call on the Sunrun Investor Relations website for approximately one month. A transcript of the conference call will also be posted to the Sunrun Investor Rela
Exceeded high-end of Q1 guidance range for both Storage and Solar installations Storage Capacity Installed of 207 Megawatt hours in Q1, representing 192% year-over-year growth, as storage attachment rates reach 50% Solar Energy Capacity Installed of 177 Megawatts in Q1, reaching 6.9 Gigawatts of Networked Solar Energy Capacity Net Earning Assets increases to $5.2 billion, including $783 million in Total Cash Reiterating Cash Generation guidance of reaching an annualized level of $200 million to $500 million in Q4 SAN FRANCISCO, May 08, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, today announced financial result
SAN FRANCISCO, April 11, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN) today announced that it will issue its first quarter 2024 earnings report after the market closes on Wednesday, May 8, 2024. A conference call has been scheduled to discuss these earnings results at 1:30 p.m. Pacific Time. The conference call can be accessed live via the Sunrun Investor Relations website at https://investors.sunrun.com or over the phone by dialing (877) 407-5989 (toll-free) or (201) 689-8434 (toll). An audio replay will be available following the call on the Sunrun Investor Relations website for approximately one month. A transcript of the conference call will also be posted to the Sunrun Investor Relat
Storage Capacity Installed of 219.7 Megawatt hours in Q4, exceeding guidance range and representing 154% year-over-year growth Nationally, storage attachment rates hit 45% of installations in Q4; recent storage attachment rates have reached ~48% on new sales Solar Energy Capacity Installed of 227.1 Megawatts in Q4, reaching 6.7 Gigawatts of Networked Solar Energy Capacity Net Subscriber Value of $13,445 in Q4, an increase of $2,414 from Q3 and exceeding guidance Cash Generation of $11 million in Q4; Reiterating Cash Generation outlook for 2024 Net Earning Assets increased $466 million, reaching $5 billion, including $988 million in Total Cash, a $36 million increase compared t
Earnings Release and Conference Call Scheduled for February 21, 2024 Company Also Issues Statement Regarding Customer Communication Celebrating 2023 Achievements and Environmental Impact SAN FRANCISCO, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN) today announced that it will issue its fourth quarter and full-year 2023 earnings report after the market closes on Wednesday, February 21, 2024. A conference call has been scheduled to discuss these earnings results at 1:30 p.m. Pacific Time. The conference call can be accessed live via the Sunrun Investor Relations website at https://investors.sunrun.com or over the phone by dialing (877) 407-5989 (toll-free) or (201) 689-8434 (toll)
131% year-over-year growth in Storage Capacity Installed as storage attachment rates surge to 33% of installations; recent storage attachment rates exceeding 40% nationally on new sales Solar Energy Capacity Installed of 258.2 Megawatts in Q3, reaching 6.5 Gigawatts of Networked Solar Energy Capacity Net Subscriber Value of $11,030; pro-forma for full ITC adder and lower current equipment prices, Net Subscriber Value was $14,793 in Q3 Net Earning Assets increases $130 million, reaching $4.6 billion, including a $31 million increase in Total Cash compared to Q2 Lowering full-year growth guidance for Solar Capacity Installed as we transition to a storage-first company; introducing Storage
SAN FRANCISCO, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN) today announced that it will issue its third quarter 2023 earnings report after the market closes on Wednesday, November 1, 2023. A conference call has been scheduled to discuss these earnings results at 2:00 p.m. Pacific Time. The conference call can be accessed live via the Sunrun Investor Relations website at https://investors.sunrun.com or over the phone by dialing (877) 407-5989 (toll-free) or (201) 689-8434 (toll). An audio replay will be available following the call on the Sunrun Investor Relations website for approximately one month. A transcript of the conference call will also be posted to the Sunrun Investor R
Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, is now operating the nation's first vehicle-to-home power plant using a small group of customer-owned bidirectional electric vehicles. In partnership with Maryland's largest utility, Baltimore Gas and Electric Company (BGE), a subsidiary of Exelon Corporation (NASDAQ:EXC), the regulator-approved initiative utilizes all-electric Ford F-150 Lightning trucks to deliver power to owners' homes this summer during peak demand times to support Maryland's power grid.
Barclays analyst Christine Cho maintains Sunrun (NASDAQ:RUN) with a Equal-Weight and raises the price target from $16 to $19.
6 analysts have shared their evaluations of Sunrun (NASDAQ:RUN) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 5 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 2 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 1 0 0 0 Analysts have recently evaluated Sunrun and provided 12-month price targets. The average target is $23.5, accompanied by a high estimate of $29.00 and a low estimate of $19.00. Observing a 6.0% increase, the cur
Piper Sandler analyst Kashy Harrison maintains Sunrun (NASDAQ:RUN) with a Overweight and raises the price target from $15 to $20.
U.S. solar manufacturers are prodding the Biden administration to toughen the rules on a law that gives a 10% tax credit solar project developers who use materials made in the U.S.A. The administration sought to encourage investment in clean energy and deter reliance on Chinese goods through the 2022 Inflation Reduction Act, which requires that 40% of the cost of a developer’s materials comes from U.S.-manufactured solar products. But the Solar Energy Manufacturers for America Coalition (SEMA) said developers can reach that 40% requirement just by buying U.S.-made mounting racks and inverters, and then purchasing the solar panels overseas, Reuters reported. Also Read: Enphase Energy
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume ACHR CALL TRADE BEARISH 10/18/24 $6.00 $1.0 million 20.4K 69.3K CHPT CALL SWEEP BULLISH 08/02/24 $2.5
Sunrun Inc (NASDAQ:RUN) has recently caught investor attention with a technical chart formation known as the Golden Cross, signaling a robust bullish trend. This key technical pattern, combined with positive analyst projections, indicates promising upside potential for Sunrun’s stock. Here’s some analysis of what to expect moving forward. Chart created using Benzinga Pro Sunrun Stock’s Bullish Golden Cross Sunrun’s stock is down both YTD and over the past year. However, technicals indicate the tide may now be turning to favor Sunrun. The company’s stock recently crossed above its 50-day moving average (SMA), driven by bullish momentum. Moving average indicators on Sunrun’
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4 - Sunrun Inc. (0001469367) (Issuer)
Clear Street's Newest Offering, with In-Depth Market Analysis and Investment Insights, Addresses the Firm's Rapidly Expanding Institutional Client Base Initial Sector Coverage Includes Disruptive Technology, Energy Transition and Healthcare Clear Street ("Clear Street", "the Company"), a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, today announced the launch of its Equity Research Group, a strategic initiative aimed at providing in-depth market analysis and investment insights to its growing institutional client base. Led by Director of Research Mara Goldstein, Clear Street Equity Research will focus initially on the Disruptive Technology, En
SAN FRANCISCO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, today announced that CEO Mary Powell has been named to the TIME100 Climate list for 2024. The annual list recognizes the world's most influential leaders driving business climate action. "I am honored to be recognized alongside so many inspiring leaders who deeply care about the future of our planet and put action behind their words," said Sunrun CEO Mary Powell. "I am so proud of the Sunrun team's work to accelerate the customer-led revolution to a more affordable, resilient, and energy independent future for Americans. I look forward to deepeni
Storage Capacity Installed of 336 Megawatt hours in Q3, exceeding high-end of guidance range and representing 92% year-over-year growth, as storage attachment rates reach 60% Solar Energy Capacity Installed of 230 Megawatts in Q3, at the high-end of prior guidance range, reaching 7.3 Gigawatts of Networked Solar Energy Capacity Cash Generation of $2.5 million in Q3, second consecutive quarter of positive Cash Generation Reiterating Cash Generation guidance of $350 million to $600 million in 2025 Net Earning Assets increases to $6.2 billion, including over $1 billion of Total Cash Sunrun becomes the first clean energy company to surpass 1 million residential solar customers SAN FRANCISC
SAN FRANCISCO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, today announced the appointment of John Trinta, former CEO of Deloitte Financial Advisory Services, as a member of the Company's board of directors (the "Board") and Audit Committee of the Board. Mr. Trinta brings nearly 40 years of expertise in tax and accounting, paired with a proven track record in driving strategic growth and leading organizations to new heights. "It is with great excitement that I introduce John as the newest member of our Board. Having spent nearly four decades at Deloitte, he brings exceptional expertise in finance, accounti
PEARL RIVER, N.Y. and SAN FRANCISCO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, and Orange and Rockland Utilities, Inc. (O&R), a wholly owned subsidiary of Consolidated Edison, Inc. (NYSE:ED), one of the nation's largest investor-owned energy companies, have successfully activated New York's largest residential power plant using more than 300 solar-plus-storage systems. During dozens of peak electricity demand events this summer, the home batteries supplied stored solar energy to help stabilize the electric grid. The Sunrun-managed power plant was initiated by O&R and approved as a demonstration project b
SAN FRANCISCO, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN) today announced that it will issue its third quarter 2024 earnings report after the market closes on Thursday, November 7, 2024. A conference call has been scheduled to discuss these earnings results at 1:30 p.m. Pacific Time. The conference call can be accessed live via the Sunrun Investor Relations website at https://investors.sunrun.com or over the phone by dialing (877) 407-5989 (toll-free) or (201) 689-8434 (toll). An audio replay will be available following the call on the Sunrun Investor Relations website for approximately one month. A transcript of the conference call will also be posted to the Sunrun Investor Re
SAN FRANCISCO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, announced today that its home solar-plus-storage subscription service was named a Sustainability Innovator in Good Housekeeping's 2025 Home Renovation Awards. "Our customers crave the feeling of independence and security that comes from being protected from power outages and—in many areas across the country—double-digit utility rate increases," said Sunrun CEO Mary Powell. "Our subscription service is the ultimate home renovation upgrade because it adds immediate value to your home and life. Making energy security affordable by helping families acr
SAN FRANCISCO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, announced today that CEO Mary Powell has been named to Forbes' inaugural list of Sustainability Leaders. The list highlights 50 of the world's most inspiring leaders who are catalyzing a sustainable future through innovation and impact. Powell's recognition by Forbes comes on the heels of Sunrun becoming the first and only solar-plus-storage company in the U.S. to surpass 1 million customers. "I am honored to join a group of leaders dedicated to innovating and driving a more customer centric sustainable future," Powell said. "The customer-led, cl
SAN FRANCISCO, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, today announced it has priced a securitization of leases and power purchase agreements. The securitization is Sunrun's twelfth securitization since 2015 and third issuance in 2024. "Sunrun continues to demonstrate strong execution in the capital markets; our latest securitization again highlights our industry-leading cost of capital. We believe our strong execution is testament to Sunrun's deep capital markets relationships, the quality of our assets and our proven track record as an originator and servicer," said Danny Abajian, Sunrun's Chief Fin
Program will utilize the collective power of solar-plus-battery storage systems during times of peak demand IRVING, Texas, Sept. 11, 2024 /PRNewswire/ -- Vistra (NYSE:VST) today announced a new program for homeowners in partnership with Sunrun (NASDAQ:RUN) to support grid reliability for Texans. Through Vistra's flagship retail electricity brand, TXU Energy, the TXU Energy & Sunrun Battery Rewards program will aggregate power stored in residential, solar-connected batteries, forming a virtual power plant to dispatch energy back to the grid when it's needed the most. TXU Energy
SAN FRANCISCO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, today announced the appointment of John Trinta, former CEO of Deloitte Financial Advisory Services, as a member of the Company's board of directors (the "Board") and Audit Committee of the Board. Mr. Trinta brings nearly 40 years of expertise in tax and accounting, paired with a proven track record in driving strategic growth and leading organizations to new heights. "It is with great excitement that I introduce John as the newest member of our Board. Having spent nearly four decades at Deloitte, he brings exceptional expertise in finance, accounti
SAN FRANCISCO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, announced today that CEO Mary Powell has been named to Forbes' inaugural list of Sustainability Leaders. The list highlights 50 of the world's most inspiring leaders who are catalyzing a sustainable future through innovation and impact. Powell's recognition by Forbes comes on the heels of Sunrun becoming the first and only solar-plus-storage company in the U.S. to surpass 1 million customers. "I am honored to join a group of leaders dedicated to innovating and driving a more customer centric sustainable future," Powell said. "The customer-led, cl
SAN FRANCISCO, July 25, 2024 (GLOBE NEWSWIRE) -- During prolonged power outages in the aftermath of Hurricane Beryl, more than 1,600 customers of Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, in the greater Houston area were able to keep their homes energized with more than 70,000 hours of backup energy provided by their solar-plus-storage systems. Beryl slammed ashore as a Category 1 storm on July 8, knocking out power to nearly 3 million homes and businesses in Texas. Some residents waited more than a week for grid power to be restored in their area. "I went without utility power for nine days, but everything in my house that I needed powe
NEW YORK, March 26, 2024 /PRNewswire/ -- Roivant Sciences Ltd (NASD:ROIV) will replace Sunrun Inc. (NASD:RUN) in the S&P MidCap 400, and Sunrun will replace PGT Innovations Inc. (NYSE:PGTI) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 1. MITER Brands is acquiring PGT Innovations in a transaction expected to be completed on or about March 28 pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector April 1, 2024 S&P MidCap 400 Addition Roivant Sciences ROIV Health Care S&P MidCap 400 Deletion Sunrun RUN In
SAN FRANCISCO, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading home solar, battery storage, and energy services provider, today announced the appointment of Manjula Talreja, Chief Customer Officer of PagerDuty, Inc., as a member of the company's board of directors. Ms. Talreja brings over 25 years of experience successfully creating world-class customer experiences across multiple industries. "We are thrilled to add Manjula's extensive business experience and operational knowledge to our board of directors," said Mary Powell, Sunrun CEO. "We believe Manjula's strong track record of building customer-obsessed cultures and creating extraordinary experiences wil
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Exane BNP Paribas downgraded Sunrun from Outperform to Neutral and set a new price target of $14.00
Guggenheim downgraded Sunrun from Buy to Neutral
Janney downgraded Sunrun from Buy to Neutral
KeyBanc Capital Markets downgraded Sunrun from Overweight to Sector Weight
Piper Sandler upgraded Sunrun from Neutral to Overweight and set a new price target of $31.00 from $15.00 previously
Jefferies initiated coverage of Sunrun with a rating of Buy and set a new price target of $25.00
Mizuho initiated coverage of Sunrun with a rating of Buy and set a new price target of $23.00
Northland Capital downgraded Sunrun from Outperform to Market Perform and set a new price target of $12.00
BMO Capital Markets downgraded Sunrun from Outperform to Market Perform and set a new price target of $12.00 from $17.00 previously
Exane BNP Paribas initiated coverage of Sunrun with a rating of Outperform and set a new price target of $20.00