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 three months ended 31 March 2019, Sunrun Inc revenues increased 35% to $194.5M. Net loss totaled $13.9M vs. income of $28M. Revenues reflect Solar energy systems segment increase of 54% to $58.4M, Customer agreements segment increase of 27% to $78.5M. Net loss reflects Sales and marketing - Balancing value increase of 37% to $54.8M (expense), Interest Expense - Net increase of 47% to $41.3M (expense).
Employees: 4,400 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $3,740M as of Mar 31, 2019
Annual revenue (TTM): $810.12M as of Mar 31, 2019
EBITDA (TTM): $69.41M as of Mar 31, 2019
Net annual income (TTM): -$15.24M as of Mar 31, 2019
Free cash flow (TTM): -$853.29M as of Mar 31, 2019
Net Debt Last Fiscal Year: $1,939M as of Mar 31, 2019
Shares outstanding: 115,130,399 as of May 6, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization