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 ...

The most recent trading session ended with Sunrun (RUN) standing at $17.27, reflecting a +1.95% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.16%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.06%. Prior to today's trading, shares of the solar energy products distributor had gained 24.74% over the past month. This has outpaced the Oils-Energy sector's loss of 7.84% and the S&P 500's gain of 1.96% in that time. The upcoming earnin ...

SAN FRANCISCO, July 22, 2024 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, announced today that Matt Brost and Ellen Struck will join the company as Vice Presidents in its new homes division. Brost and Struck most recently worked at SunPower, where they led the largest new homes solar business in the country, and together they have more than four decades of experience in the energy and solar industries. Sunrun's new homes business has been ...

Core Insights - Sunrun's CEO emphasized the company's role in enhancing energy independence and reliability for California's grid during peak demand periods, particularly during heat waves [1] - The company's solar-plus-storage systems have significantly contributed to the grid, supplying an average of 48 megawatts nightly, enough to power approximately 48,000 homes [3] Company Overview - Sunrun is the leading provider of clean energy as a subscription service in the U.S., with nearly one million customers and over 102,000 installed storage systems [4][7] - The company operates more than a dozen power plants nationwide and has a proven track record of supporting local power grid needs [4] Recent Developments - Sunrun's CalReady power plant was activated to support California's power grid during a recent heat wave, with batteries from over 16,000 customers providing power for four consecutive evenings [5][6] - CalReady is the largest single-owner virtual power plant in California's Demand Side Grid Support program, operational daily from 4 to 9 p.m. through October, when energy demand peaks [6]

The company's stock recently crossed above its 50-day moving average (SMA), driven by bullish momentum. Moving average indicators on Sunrun's price chart have also formed a Golden Cross—an important bullish signal where a shorter-term moving average crosses above a longer-term moving average. Specifically, the 50-day SMA (currently at $13.03, yellow line in chart above) crossed over the 200-day SMA (at $12.91, blue line in chart above) forming a classic Golden Cross pattern. The formation typically signalin ...

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 ...

Company Overview - Sunrun Inc (Nasdaq: RUN) revolutionized the solar industry in 2007 by removing financial barriers and democratizing access to locally-generated, renewable energy [4] - The company is the nation's leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs [4] - Sunrun's innovative products and solutions connect homes to clean energy, providing energy security, predictability, and peace of mind [4] - The company also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value [4] Earnings Announcement - Sunrun will issue its second quarter 2024 earnings report after the market closes on Tuesday, August 6, 2024 [3] - A conference call to discuss the earnings results is scheduled for 1:30 pm Pacific Time on the same day [2] - The conference call can be accessed live via the Sunrun Investor Relations website or by phone [2] - An audio replay will be available on the Investor Relations website for approximately one month, with a transcript posted the following day [2] Investor Relations - Wyatt Semanek serves as Director of Corporate Communications and can be contacted at press@sunrun.com [3] - Patrick Jobin holds the position of Senior Vice President, Deputy CFO & Investor Relations Officer and can be reached at investors@sunrun.com [5]

Sunrun (RUN) ended the recent trading session at $12.64, demonstrating a -0.55% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.25%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.03%. Shares of the solar energy products distributor witnessed a gain of 11.3% over the previous month, beating the performance of the Oils-Energy sector with its loss of 5.99% and the S&P 500's gain of 3.34%. Investors will be eagerly watching ...

Core Insights - Sunrun has announced the pricing of the largest securitization of leases and power purchase agreements in its history, as well as the largest residential solar securitization in the industry [1][2] Company Performance - Sunrun's Chief Financial Officer highlighted the company's robust performance and ability to attract competitively priced capital, which has been recognized by KBRA with a higher rating for advance rates compared to previous ABS transactions [2] Securitization Details - The transaction includes two classes of A+ rated notes (Class A-1 and Class A-2) and one class of BB rated notes (Class B), with each Class A note totaling $443.15 million [2] - Class A notes were priced with a coupon of 6.25%, reflecting a 205 basis points spread, which is an improvement of 35 basis points from the previous securitization in September 2023 [2] - The initial balance of Class A notes represents a 72.6% advance rate on the Securitization Share of ADSAB, with an expected weighted average life of 6.8 years and a final maturity date of July 30, 2059 [2] Portfolio and Customer Metrics - The notes are backed by a diversified portfolio of 48,628 systems across 19 states, Washington D.C., and Puerto Rico, covering 79 utility service territories [3] - The weighted average customer FICO score for the portfolio is 741 [3] Transaction Timeline and Management - The securitization transaction is expected to close by June 11, 2024 [3] - ATLAS SP Securities acted as the sole structuring agent and joint bookrunner, with several other financial institutions involved in the transaction [4]

SAN FRANCISCO, June 04, 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 represents the largest in Sunrun's history and the largest residential solar securitization industry wide. "Sunrun continues to set industry benchmarks, with our robust performance and ability to attract competitively priced capital," said Danny Abajian, Sunrun ...