Sunrun

OverviewSuggest Edit

Sunrun is a provider of residential solar electricity. It operates through the residential solar service model and invests in a platform of services and tools to enable large scale operations. The platform includes processes and software, as well as fulfillment through AEE Solar, racking through SnapNrack, and acquisition marketing through clean energy experts.

TypePublic
Founded2007
HQSan Francisco, CA, USMap
Websitesunrun.com
Employee Ratings3.5More
Overall CultureA+More
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Latest Updates

Employees (est.) (Dec 2019)4,800(+10%)
Revenue (FY, 2019)$858.6 M(+13%)
Share Price (Jan 2021)$84.3 (-5%)
Cybersecurity ratingCMore

Key People/Management at Sunrun

Lynn Jurich

Lynn Jurich

Chief Executive Officer, Director
Edward Fenster

Edward Fenster

Chairman, Co-Founder
David Bywater

David Bywater

Director
Chris Dawson

Chris Dawson

Chief Operating Officer
Tom Vonreichbauer

Tom Vonreichbauer

Chief Financial Officer
Anne Hoskins

Anne Hoskins

Chief Policy Officer
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Sunrun Office Locations

Sunrun has offices in San Francisco, Arvada, Bakersfield, Denver and in 28 other locations
San Francisco, CA, US (HQ)
595 Market St 29th floor, San Francisco
Arvada, CO, US
5525 W 56th Ave #100
Bakersfield, CA, US
3615 Patton Way
Denver, CO, US
717 17th St
Downey, CA, US
9220 Hall Rd
Dublin, CA, US
6761 Sierra Ct Ste C & B
Show all (36)

Sunrun Financials and Metrics

Sunrun Revenue

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Sunrun's revenue was reported to be $858.58 m in FY, 2019 which is a 13% increase from the previous period.
USD

Revenue (Q3, 2020)

114.5m

Gross profit (Q3, 2020)

37.1m

Gross profit margin (Q3, 2020), %

32.4%

Market capitalization (15-Jan-2021)

16.6b

Closing stock price (15-Jan-2021)

84.3

Cash (30-Sept-2020)

276.1m

EV

19.2b
Sunrun's current market capitalization is $16.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

453.9m529.7m760.0m858.6m

Revenue growth, %

49%17%43%13%

Cost of goods sold

399.2m448.1m534.9m645.8m

Gross profit

54.7m81.6m225.1m212.7m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

104.1m137.8m141.3m144.4m170.5m205.0m194.5m204.6m215.5m210.7m106.1m114.5m

Cost of goods sold

93.8m108.1m118.8m119.2m122.0m139.4m142.3m156.9m159.4m83.4m77.4m

Gross profit

10.4m29.8m22.5m25.2m48.5m65.6m52.2m47.7m56.2m22.7m37.1m

Gross profit Margin, %

10%22%16%17%28%32%27%23%26%21%32%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

206.4m202.5m226.6m269.6m

Accounts Receivable

60.3m76.2m66.4m77.7m

Prepaid Expenses

9.8m9.2m8.6m26.0m

Inventories

67.3m94.4m79.5m260.6m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

203.8m211.3m216.1m203.2m215.7m242.9m245.6m299.5m324.7m286.4m269.6m276.1m

Accounts Receivable

54.1m64.0m73.0m111.0m123.3m65.4m67.5m77.8m75.4m65.5m60.0m70.7m

Prepaid Expenses

11.6m12.6m13.9m6.5m9.1m9.7m9.6m8.7m8.8m10.8m13.6m15.8m

Inventories

59.6m52.7m63.3m87.9m81.3m96.0m76.2m89.8m109.8m257.6m210.5m178.0m
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(303.3m)(286.7m)(260.2m)(391.0m)

Depreciation and Amortization

4.2m136.4m156.0m187.2m

Inventories

4.0m(27.1m)15.0m(181.1m)

Accounts Payable

(40.3m)47.8m8.8m67.4m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(73.1m)(138.3m)(218.5m)(91.4m)(163.1m)(210.7m)(86.9m)(191.5m)(304.0m)(109.5m)(244.1m)(329.5m)

Depreciation and Amortization

1.1m65.3m99.7m36.2m74.0m113.7m43.7m89.0m138.6m51.0m103.0m156.3m

Inventories

7.7m14.6m4.0m6.5m13.1m(1.6m)3.3m(10.4m)(30.3m)3.0m50.1m82.6m

Accounts Payable

(4.4m)2.6m31.7m(13.0m)(32.8m)18.3m(22.6m)(1.6m)6.7m(55.6m)(98.9m)(57.5m)
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USDFY, 2016

Revenue/Employee

150.3k

Debt/Equity

1.2 x

Debt/Assets

0.2 x

Financial Leverage

5.3 x
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Sunrun Operating Metrics

Sunrun's Customers was reported to be 271 k in Q3, 2019.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019

Customers

134 k180 k189 k202 k218 k233 k242 k255 k271 k

Megawatts Deployed to Date

879 951 1.03 k1.12 k1.20 k1.27 k1.36 k1.46 k1.58 k1.66 k1.76 k1.87 k1.99 k

Megawatts Deployed

282 73 76 90 323 68 91 100 229.50 86 133.90 218.80

Megawatts Booked

285 74 88 93 337
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Sunrun Acquisitions / Subsidiaries

Company NameDateDeal Size
Vivint SolarJuly 06, 2020$3.20 b
AEE Solar, Inc.
CLEAN ENERGY EXPERTS LLC
SR Lease Co II, LLC
Sunrun Aurora Holdco 2014, LLC
Sunrun Aurora Manager 2014, LLC
Sunrun Aurora Portfolio 2014-A, LLC
Sunrun Aurora Portfolio 2014-B, LLC
Sunrun Balerion Manager 2015, LLC
Sunrun Balerion Owner 2015, LLC
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Sunrun Revenue Breakdown

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Sunrun revenue breakdown by business segment: 21.8% from Products, 33.0% from Solar Energy Systems, 40.2% from Customer Agreements and 4.9% from Other

Human Capital Metrics

Source: github.com
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Sunrun Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

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Sunrun Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Sunrun Online and Social Media Presence

Sunrun's Trends

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Sunrun Company Culture

  • Overall Culture

    A+

    83/100

  • CEO Rating

    A+

    91/100

  • Compensation

    A+

    87/100

  • Diversity

    A

    82/100

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Sunrun News and Updates

November 19, 2020

Sunrun Signs Virtual Power Plant Agreement With Southern California Edison

Thousands of Sunrun Brightbox home solar-powered battery systems to provide 5 MW of new energy capacity by 2023 Thousands of Sunrun Brightbox home solar-powered battery systems to provide 5 MW of new energy capacity by 2023
November 05, 2020

Sunrun Reports Third Quarter 2020 Financial Results

326,000 Customers, an increase of 20% year-over-year109 Megawatts Deployed, a 40% sequential increaseNet Earning Assets of $1.7 billion, an increase of 15% year-over-yearClosed the acquisition of Vivint Solar in the Fourth Quarter, on October 8, 2020
November 05, 2020

Sunrun to Expand Brightbox Offering to All Markets

Brightbox rechargeable home battery product will be available in all markets in which Sunrun operates Brightbox rechargeable home battery product will be available in all markets in which Sunrun operates
October 23, 2020

Chase Coleman Continues To Dim Sunrun Stake

Tech guru has curbed position in solar company 3 times in October
October 12, 2020

Sunrun Announces Date and Conference Call Details for Third Quarter 2020 Earnings Report

Earnings Release and Conference Call Scheduled for November 5, 2020 Earnings Release and Conference Call Scheduled for November 5, 2020
October 08, 2020

Sunrun Completes Acquisition of Vivint Solar to Accelerate Clean Energy Adoption and Enhance Customer Value

Acquisition Creates Clean Energy Leader with an Enterprise Value of Approximately $22 Billion, Over 500,000 Customers and 3 Gigawatts of Solar Energy Capacity Acquisition Creates Clean Energy Leader with an Enterprise Value of Approximately $22 Billion, Over 500,000 Customers and 3 Gigawatts of Sola…
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Sunrun Blogs

January 26, 2021

Sunrun Inc. Announces Pricing of Offering of $350 Million of Convertible Senior Notes with 50% Conversion Premium

SAN FRANCISCO, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Sunrun Inc. (Nasdaq: RUN) (“Sunrun”) today announced the pricing of $350 million aggregate principal amount of 0% convertible senior notes due 2026 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the …
November 24, 2020

Sunrun Announces Environmental Justice Initiatives

Through Donations, Partnerships and Programs Across the Country, Sunrun will Expand Access to Solar Energy Savings and Jobs SAN FRANCISCO, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Sunrun, the nation’s leading residential solar, storage and energy services provider today announces five environmental just…
August 20, 2020

Sunrun and GRID Alternatives to Provide Free Home Batteries to Eligible Californians who are Vulnerable to Power Outages

Home batteries can help residents save money and keep the lights on at no cost, especially in the Central Valley and Los Angeles SAN FRANCISCO, Aug. 20, 2020 (GLOBE NEWSWIRE) -- Sunrun Inc. (Nasdaq:RUN), a leading provider of residential solar, battery storage and energy services, today announced…
August 18, 2020

Sunrun, Vivint Solar Announce Stock Purchase Agreement Between Coatue and Blackstone Affiliate

SAN FRANCISCO, Aug. 18, 2020 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN) and Vivint Solar (NYSE: VSLR) today announced that Coatue US 24 LLC (“Coatue”), a vehicle affiliated with Coatue Management, L.L.C., has entered into a Stock Purchase Agreement with 313 Acquisition LLC (Blackstone affiliate) (“3…
August 10, 2020

Sunrun Reports Second Quarter 2020 Financial Results

309,000 Customers, an increase of 21% year-over-year Net Earning Assets of $1.6 billion, an increase of 14% year-over-year SAN FRANCISCO, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of residential solar, storage and energy services, today announced f…
July 30, 2020

Sunrun Partners With California Community Energy Groups to Enhance Resiliency With Local Clean Power

Thousands of homes to benefit from affordable, clean solar and battery backup power amid looming power shutoffs SAN FRANCISCO, July 30, 2020 (GLOBE NEWSWIRE) -- Sunrun Inc. (Nasdaq:RUN), the nation’s leading residential solar, battery storage and energy services company, has signed three new agre…
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 Sunrun Frequently Asked Questions

  • When was Sunrun founded?

    Sunrun was founded in 2007.

  • Who are Sunrun key executives?

    Sunrun's key executives are Lynn Jurich, Edward Fenster and David Bywater.

  • How many employees does Sunrun have?

    Sunrun has 4,800 employees.

  • What is Sunrun revenue?

    Latest Sunrun annual revenue is $858.6 m.

  • What is Sunrun revenue per employee?

    Latest Sunrun revenue per employee is $178.9 k.

  • Who are Sunrun competitors?

    Competitors of Sunrun include Trinity Solar, SunPower and SolarEdge.

  • Where is Sunrun headquarters?

    Sunrun headquarters is located at 595 Market St 29th floor, San Francisco, San Francisco.

  • Where are Sunrun offices?

    Sunrun has offices in San Francisco, Arvada, Bakersfield, Denver and in 28 other locations.

  • How many offices does Sunrun have?

    Sunrun has 36 offices.