Sunrun Inc (OQ:RUN)

Business Focus: Photovoltaic Solar Systems & Equipment

Sector:  Energy Industry:  Renewable Energy Equipment & Services
See Regulatory Filings on SEC
Company Contact
Address: 595 Market St Fl 29
Tel: N/A
IR: See website
Key People
Edward Harris Fenster
Chairman of the Board, Co-Founder and Director
Lynn Michelle Jurich
Chief Executive Officer, Co-Founder, Executive Director
Bob P. Komin
Chief Financial Officer
Christopher Dawson
Chief Operating Officer
Evelyn Huang
Chief Customer Experience Officer
Business Overview
Sunrun Inc. is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia. The Company sells to homeowners over the phone, in the field through canvassing and in-home sales and through retail sales channels through its strategic partners. The solar service offerings are provided through its lease and power purchase agreements. It sells solar service offerings and installs solar energy systems for homeowners through its direct-to-consumer channel. It sells solar energy systems to homeowners, as well as related products, such as solar panels, inverters, racking systems and other solar-related equipment to resellers.
Financial Overview
For the nine months ended 30 September 2018, Sunrun Inc revenues increased 37% to $519.9M. Net income decreased 42% to $32.5M. Revenues reflect Customer agreements and incentives increase of 62% to $273.2M, Solar energy systems and product sales increase of 17% to $246.7M. Net income was offset by Sales and marketing - Balancing value increase of 39% to $144M (expense), Interest Expense - Net increase of 44% to $94.6M (expense).
Employees: 3,260 as of Dec 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: $3,406M as of Sep 30, 2018
Annual revenue (TTM): $666.30M as of Sep 30, 2018
EBITDA (TTM): -$8.58M as of Sep 30, 2018
Net annual income (TTM): $123.34M as of Sep 30, 2018
Free cash flow (TTM): -$962.98M as of Sep 30, 2018
Net Debt Last Fiscal Year: $1,699M as of Sep 30, 2018
Shares outstanding: 111,852,426 as of Nov 2, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization