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: | 600 California Street, Suite 1800 SAN FRANCISCO CA 94108 |
| Tel: | N/A |
| Website: | https://www.sunrun.com |
| IR: | See website |
| Key People | ||
| Edward Harris Fenster Executive Co-Chairman of the Board, Co-Founder | Lynn Michelle Jurich Co-Chairman of the Board, Co-Founder, Executive Director | Paul S. Dickson President, Chief Revenue Officer |
| Mary G. Powell Chief Executive Officer, Director | Danny Abajian Chief Financial Officer | Jeanna Steele Chief Legal Officer, Chief People Officer |
| Business Overview |
| Sunrun Inc. is a home solar, battery storage, and energy services company. The Company is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. Its primary customers are residential homeowners. The Company also offers battery storage along with solar energy systems to its customers in select markets and sells its services to certain commercial developers through its multifamily and new homes offerings. The Company installs solar energy systems on its customers' homes and provides them with the solar power produced by those systems for a 20- or 25-year initial term. In addition, it monitors, maintains, and ensures the system during the term of the contract. The Company also provides electric vehicle (EV) chargers, battery retrofits, re-powered or expanding systems, home energy management services, and other home electrification products. |
| Financial Overview |
| For the three months ended 31 March 2024, Sunrun Inc revenues decreased 22% to $458.2M. Net loss decreased 63% to $87.8M. Revenues reflect Solar energy systems segment decrease of 72% to $65.1M, Products segment decrease of 39% to $70.2M. Lower net loss reflects Other expenses (income), net increase from $25M (expense) to $89.9M (income), Sales and marketing - Balancing value decrease of 27% to $137.1M (expense). |
| Employees: | 10,833 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $13,255M as of Mar 31, 2024 |
| Annual revenue (TTM): | $2,128M as of Mar 31, 2024 |
| EBITDA (TTM): | -$216.99M as of Mar 31, 2024 |
| Net annual income (TTM): | -$1,452M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$3,161M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $10,759M as of Mar 31, 2024 |
| Shares outstanding: | 221,662,910 as of May 3, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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