If change means solving one of the biggest challenges of our time by reinventing the way millions of people power their homes with affordable clean energy, then we say bring it on. At Sunrun, we believe that running everything isn't just smart, it's brilliant. We’re doing the single most important thing we can–reinventing how homeowners get energy. It doesn’t hurt that we’re helping the planet, kick starting the economy and having fun while doing it.
In 2007, Sunrun co-Founders Ed Fenster and Lynn Jurich set out to solve an important problem–the future of energy–by making home solar mainstream. Upfront cost was a huge barrier to home solar adoption, so they invented a way to remove it. In this pioneering model known as solar service, Sunrun allows homeowners to pay for the power, not the panels. This means Sunrun owns, maintains and monitors the system while homeowners pay for the electricity it produces at a low, locked-in rate–saving them money over time. Simply put, Sunrun makes solar easy and affordable. With high-quality solar service in 12 U.S. states, we’re the nation’s largest dedicated residential solar provider. Each business day we put $2 million worth of solar onto people’s roofs and facilitate one solar installation every 10 minutes. Our network of over 30 leading solar installers employs more than 3,000 people.
Sunrun was founded in 2007 and is headquartered in San Francisco, US
Key People at Sunrun
Lynn Jurich
Chief Executive Officer
Edward Fenster
Chairman
Sunrun Office Locations
Sunrun has offices in San Francisco, Nashua, Portland, Norwalk and in 57 other locations
San Francisco, US (HQ)
595 Market St., 29th Floor
Sunrun Data and Metrics
Sunrun Financial Metrics
Sunrun's revenue was reported to be $453.9 m in FY, 2016 which is a 49% increase from the previous period.
USD
Revenue (FY, 2016) | 453.9 m |
Revenue growth (FY, 2015 - FY, 2016), % | 49% |
Net income (FY, 2016) | (303.3 m) |
EBIT (FY, 2016) | (214.9 m) |
Market capitalization (21-Jul-2017) | 760.2 m |
Cash (31-Dec-2016) | 206.4 m |
Sunrun's current market capitalization is $760.2 m.
| USD | FY, 2015 | FY, 2016 |
|---|---|---|
Revenue | 304.6 m | 453.9 m |
Revenue growth, % | 49% | |
Sales and marketing expense | 145.5 m | 162.8 m |
R&D expense | 9.7 m | 10.2 m |
General and administrative expense | 84.4 m | 92.4 m |
Operating expense total | 523.8 m | 668.8 m |
EBIT | (219.2 m) | (214.9 m) |
EBIT margin, % | (72%) | (47%) |
Interest expense | 33.2 m | 53.2 m |
Pre tax profit | (254.2 m) | (267.3 m) |
Income tax expense | (5.3 m) | 36 m |
Net Income | (248.9 m) | (303.3 m) |
| USD | FY, 2015 | FY, 2016 |
|---|---|---|
Cash | 203.9 m | 206.4 m |
Accounts Receivable | 60.3 m | 60.3 m |
Inventories | 71.3 m | 67.3 m |
Current Assets | 360.5 m | 369.3 m |
PP&E | 44.9 m | 48.5 m |
Goodwill | 87.5 m | 87.5 m |
Total Assets | 2.7 b | 3.6 b |
Accounts Payable | 104.1 m | 66 m |
Current Liabilities | 253.2 m | 244.8 m |
Total Liabilities | 2.5 b | |
Additional Paid-in Capital | 642.2 m | 668.1 m |
Retained Earnings | (87.2 m) | 4.4 m |
Total Equity | 554.1 m | 673 m |
Financial Leverage | 4.9 x | 5.3 x |
| USD | FY, 2015 | FY, 2016 |
|---|---|---|
Net Income | (248.9 m) | (303.3 m) |
Depreciation and Amortization | 3.7 m | 4.2 m |
Accounts Receivable | (15.5 m) | 674 k |
Inventories | (47.3 m) | 4 m |
Accounts Payable | 50.9 m | (40.3 m) |
Cash From Operating Activities | (105.3 m) | (150.6 m) |
Purchases of PP&E | (13 m) | (12.5 m) |
Cash From Investing Activities | (627.5 m) | (745.1 m) |
Long-term Borrowings | (357.9 m) | |
Cash From Financing Activities | 784.5 m | 898.2 m |
Interest Paid | 12 m | 26.2 m |
| Y, 2016 | |
|---|---|
Financial Leverage | 5.3 x |
Sunrun Market Value History
Sunrun Median Salaries
Source: 52 public H-1B filings from Sunrun
