Core Viewpoint - Sunrun's stock has been downgraded from Hold to Sell by GLJ Research analyst Gordon L. Johnson II, citing that the underlying equity is worthless unless the company can inflate the value of its solar systems to collect tax credits [1] Financial Performance - Sunrun is experiencing a significant annual cash burn of approximately $644.56 million, assuming each of its systems is underwater by about $600, and this is based on the current systems in service without growth [2] - The company's financial disclosure for Q1 2025 indicates it has over one million systems on its balance sheet [1] Tax Credit Implications - The U.S. Senate's tax-and-spend bill poses an existential threat to Sunrun and similar companies by removing their ability to sell tax credits to third parties, which is critical for their financial viability [4][5] - The unchanged 45 times credits for solar production is a minor positive for First Solar Inc [4] Operational Challenges - Sunrun's ability to securitize loans or Power Purchase Agreements (PPAs) has historically allowed it to cover operational and maintenance (O&M) costs, bringing in hundreds of millions annually [6] - Without the ability to securitize, Sunrun will struggle to service its systems, leading to a potential cash flow crisis [7] Market Reaction - Following the downgrade, Sunrun's stock price has dropped by 39.32%, trading at $5.85 [8]

Core Viewpoint - The recent passage of a tax and spending bill by the Republican-controlled House has led to a significant decline in solar stocks, particularly affecting residential rooftop solar providers like Sunrun, which saw a 40% drop in share price [1][5]. Group 1: Impact on Solar Stocks - Solar stocks, including Sunrun, NextEra Energy, and AES Corp., experienced sharp declines, with Sunrun down 40%, NextEra down 9.1%, and AES down 5.2% [1]. - The bill phases out most clean-energy tax credits for utility projects that begin more than 60 days after passage or are placed into service after 2028, which is more restrictive than previously anticipated [2][3]. Group 2: Specific Effects on Rooftop Solar - The bill has rolled back tax credits for leased rooftop solar systems, which could devastate the residential solar industry, as most installations are leased [4][5]. - Analysts have described the bill's impact on the rooftop solar industry as "disastrous," with one stating it could mark "the end" of the U.S. rooftop solar industry as it currently exists [5]. Group 3: Supply Chain Concerns - Sunrun imports about 50% of its solar panels, and the new tariffs and restrictions on foreign components could exacerbate challenges for the company, particularly given its reliance on Chinese supply chains [6]. Group 4: Legislative Status - The bill has only passed the House and will now move to the Senate, where there are reservations about the current provisions, indicating potential for further negotiations [8]. - Investors are advised to monitor developments in the Senate, as there is hope for reintroduction of some credits in the reconciled version of the bill [9].

TORONTO and KNOXVILLE, Tenn., May 21, 2025 (GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR, OTC: SAENF), a leading solar energy solutions provider focused on the commercial and utility solar sectors, has filed its audited financial results for the quarter and year ended December 31, 2024 (the “Financial Statements”) and related Management’s Discussion and Analysis (“MD&A”). The Financial Statements and related MD&A are available under the Company’s profile.at ...

Officials join Republican U.S. Representative Young Kim for ribbon cutting event to celebrate new solar projects at low-income apartment communities in Orange County that provide immediate utility bill savings to hundreds of working families SAN Cutting Energy Bills for Hundreds of Hard- Ribbon-Cutting Event at Arroyo Vista Working Residents Sunrun installed the solar systems in partnership with affordable housing providers at Arroyo Vista, Villa Plumosa, and Yorba Linda Palms apartment complexes. In total, ...