Sunrun Inc Stock Price, News & Analysis

Vistra (NYSE: VST) has announced a new partnership with Sunrun (Nasdaq: RUN) to launch the TXU Energy & Sunrun Battery Rewards program in Texas. This initiative aims to support grid reliability by aggregating power from residential solar-connected batteries, creating a virtual power plant. TXU Energy customers with Sunrun home solar panels and batteries can opt in to receive financial incentives for participating, while retaining control of their systems during outages or severe weather.

The program builds on TXU Energy's existing solar buyback plans, which paid over $10 million in credits to customers last year. Sunrun, with its 1 million customers and 116,000+ installed storage systems, will manage the network of batteries and coordinate power discharge to the grid. This partnership expands Vistra's distributed energy initiatives and continues its tradition of pioneering energy-efficiency solutions in Texas.

Vistra (NYSE:VST) and Sunrun (Nasdaq:RUN) launched the TXU Energy & Sunrun Battery Rewards program to aggregate residential solar-plus-battery systems in Texas into a virtual power plant.

TXU Energy customers with Sunrun panels and batteries who opt in will receive financial incentives while retaining system control during outages; participants may also keep TXU Energy solar buyback credits. Sunrun cites 1,000,000 customers and 116,000 storage systems; TXU Energy reported over $10 million in solar buyback credits paid last year. The program aims to dispatch stored household solar power during peak demand to support grid reliability in Texas.

Sunrun (Nasdaq: RUN), the leading U.S. provider of clean energy subscriptions, has surpassed 1 million residential solar customers, becoming the first storage-plus-solar company to reach this milestone. The company now accounts for 20% of home solar systems installed in the country, serving approximately 3 million people. Sunrun has evolved from a solar-only to a multi-product clean energy business, offering battery storage, EV charging, and bidirectional power flow systems.

Sunrun's systems have generated over 37 billion kilowatt hours of solar energy, saving customers about $1.3 billion in energy costs and avoiding an estimated 18 million metric tons of CO2 emissions. The company is also the largest single-owner operator of home solar and storage virtual power plants, enabling customers to participate in the shared clean energy economy.

Sunrun (Nasdaq: RUN), the leading clean energy subscription service provider, has partnered with Tesla Electric to create a customer-driven power plant in Texas using residential solar-plus-battery systems. The program has enrolled over 150 Sunrun customers and aims to dispatch stored solar energy from home batteries to increase electricity reserves during high consumption periods.

This partnership marks Sunrun's first operational aggregated power plant program in Texas, addressing recent grid vulnerabilities and power outages. Participating customers will receive compensation, estimated at $400 per Powerwall for 2024, while retaining energy for backup during outages. Sunrun will earn incremental recurring revenue from the program.

The initiative aligns with ERCOT's efforts to diversify and strengthen the power grid through the Aggregated Distributed Energy Resources Task Force. With nearly one million customers and over 116,000 installed storage systems, Sunrun aims to enhance grid resilience and provide homeowners with energy security and independence.

Sunrun (Nasdaq: RUN), the leading U.S. clean energy subscription service provider, reported strong Q2 2024 results. Highlights include:

- Cash Generation of $217 million in Q2
- Storage Capacity Installed of 265 Megawatt hours, up 152% YoY
- Solar Energy Capacity Installed of 192 Megawatts
- Net Earning Assets increased to $5.7 billion
- Storage attachment rates reached 54%

Sunrun introduced 2025 Cash Generation guidance of $350-$600 million and reiterated Q4 2024 guidance of $50-$125 million. The company expects positive Cash Generation in Q3 2024 and is on track for its annualized run-rate target of $200-$500 million in Q4.

Sunrun (Nasdaq: RUN), the leading U.S. clean energy subscription service provider, has received approval from the Science Based Targets initiative (SBTi) for its greenhouse gas emissions reduction targets and net-zero goal by 2050. The company commits to:

• Reduce absolute scope 1 and 2 emissions by 54.6% by 2033
• Cut scope 3 emissions from purchased goods and services by 61.1% per megawatt of solar energy capacity installed
• Achieve net-zero greenhouse gas emissions across its value chain by 2050
• Reduce absolute scope 1, 2, and 3 emissions by 90% by 2050 from a 2022 base year

Sunrun CEO Mary Powell emphasized the company's commitment to prioritizing these aggressive emission-reduction targets while helping households adopt clean energy solutions through home solar and storage.

Sunrun (Nasdaq: RUN) customers in Houston demonstrated the resilience of solar-plus-storage systems during Hurricane Beryl's aftermath. Over 1,600 customers maintained power for 70,000+ hours as grid outages affected millions. Michael Shepard from Porter, TX, powered his home for 200+ consecutive hours without relying on generators.

CEO Mary Powell emphasized the safety benefits of solar and battery systems over portable generators, which caused carbon monoxide poisoning incidents. On average, each Sunrun customer received 44 hours of backup power. Customers like Xavier Harris and Allante McGowan highlighted the system's ability to power essential appliances and preserve medications.

Notably, Sunrun customers shared their clean energy with neighbors. Brent McNiel in Richmond, TX, provided power to nearby homes and sheltered a family. With 102,000+ battery systems nationwide, Sunrun aims to expand access in Texas, supporting grid stability during peak demand.

Sunrun (Nasdaq: RUN) has launched the nation's first vehicle-to-home power plant using customer-owned bidirectional electric vehicles in Maryland. In partnership with Baltimore Gas and Electric Company (BGE), the program utilizes Ford F-150 Lightning trucks to deliver power to owners' homes during peak demand times, supporting the power grid.

The initiative involves three Sunrun customers in BGE's service territory, showcasing how electric vehicles can function like stationary batteries to reduce grid demand. Participants can earn an estimated $800 over four months by sharing stored energy during specific dispatch windows. This program demonstrates the potential for electric vehicles to contribute to grid resiliency and utility price stability, laying the foundation for future expansion nationwide.

Sunrun (Nasdaq: RUN), the leading provider of clean energy subscriptions, has announced a strategic investment in its new homes division by hiring two top industry leaders, Matt Brost and Ellen Struck. Both executives bring extensive experience from SunPower, where they led the largest new homes solar business in the U.S. This move aims to accelerate the growth of solar and storage installations in new construction and capitalize on Sunrun's market-leading platform across multiple segments.

Brost and Struck collectively bring over four decades of experience in the energy and solar industries. Sunrun's CEO, Mary Powell, expressed excitement about the potential impact of these additions on the company's growth and customer service. The company's focus on partnering with home builders to offer solar-plus-storage systems to new home buyers is part of its broader strategy to maintain strong market leadership across various segments, including its dealer business.