S

Sunrun

Residential solar installation and storage services

Overview

Sunrun provides residential solar energy solutions in the United States, focusing on installing and maintaining solar panels and home energy storage systems for homeowners. It offers customers the option to lease or purchase solar and storage equipment, financing through long-term contracts, and ongoing maintenance services. The solar panels convert sunlight into electricity, while the storage systems store excess energy for use later, helping reduce utility bills and increase energy independence. Sunrun distinguishes itself through its large US footprint, experience, and growth strategy, including strategic acquisitions like Vivint Solar, plus the ability to scale through leasing and upfront sales, while leveraging government incentives and tax credits for renewable energy adoption. The company’s goal is to help homeowners lower energy costs and carbon footprints by expanding access to affordable, reliable solar energy and storage solutions.

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About Sunrun

Simplify's Rating
Why Sunrun is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingEnergy

Company Size

10,001+

Company Stage

IPO

Headquarters

San Francisco, CA

Founded

2007

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Simplify's take

What believers are saying

  • Q3 2026 revenue rose 52% to $1.10 billion, showing demand resilience.
  • Management raised 2026 cash generation guidance to about $200 million after Q3.
  • October 2026 grid dispatches with Tesla and Puerto Rico deepen utility relationships.

What critics are saying

  • Sunrun's Q3 2026 subscriber additions fell 24%, signaling weaker customer acquisition.
  • Connecticut settled deceptive-sales claims on October 23, 2026, imposing restitution and audits.
  • A September 18, 2026 Massachusetts insurance case keeps litigation costs and disclosures alive.

What makes Sunrun unique

  • Sunrun's 5.0 GWh networked fleet and 75% storage attachment rate beat pure installers.
  • Sunrun and Tesla dispatched 580 megawatts during September 2026 California heat.
  • Sunrun's direct-to-home battery model creates recurring service revenue, not one-time panel installs.

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Funding

Total Funding

$7B

Above

Industry Average

Funded Over

26 Rounds

Notable Investors:
Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison Coming Soon

Benefits

  • Relocation Assistance

Stock Price

Company News

GlobeNewswire
Nov 10th, 2026
Sunrun CEO Mary Powell named to the 2026 TIME100 Climate list of most influential leaders in climate.

Sunrun CEO Mary Powell named to the 2026 TIME100 Climate list of most influential leaders in climate. TIME recognizes Sunrun CEO as a "Titan" for her leadership accelerating the adoption of home battery storage and distributed power plants, bringing new flexible capacity to the grid. November 10, 2026 15:36 ET | Source: Sunrun Inc. SAN FRANCISCO, Nov. 10, 2026 (GLOBE NEWSWIRE) - Sunrun (Nasdaq: RUN), America's largest provider of home battery storage, solar, and home-to-grid power plants, today announced that CEO Mary Powell has been named to the 2026 TIME100 Climate list. Powell was selected in TIME's "Titan" category, honoring leaders inspiring greater ambition and action on climate. This marks the second time Powell has been recognized by TIME as one of the world's most influential business leaders. "Under Powell's leadership, Sunrun is helping households participate in the energy transition," TIME said, adding that Sunrun "has grown from a residential solar provider in the U.S. into a major operator of home batteries that can send power back to the grid when it is most needed." TIME highlighted Sunrun's historic battery dispatches last month, when 120,000 customer home batteries delivered a record amount of power to California's grid during a heat wave. During those dispatch events, the batteries provided critical flexibility and capacity to the state's power system during peak demand, helping reduce reliance on fossil-fuel power plants and put downward pressure on real-time energy prices for the benefit of all households. "I am again so honored to be recognized by TIME alongside so many inspiring leaders advancing climate action," said Sunrun CEO Mary Powell. "Americans are choosing greater independence and the ability to generate and store their own power. Together, our customers' systems act as a power plant that can share energy with the grid when it's needed most. They're moving from passive energy consumers to active participants in our energy system. We have an extraordinary opportunity to strengthen grid reliability, accelerate the transition to cleaner energy, and give families a meaningful role in the climate solution." Since Powell became CEO five years ago, Sunrun has doubled its customer base, growing from approximately 600,000 to more than 1.2 million customers. Powell also led the company's strategic shift to a storage-first business model, scaling its installed battery systems from 23,000 to more than 284,000, representing over 5 gigawatt hours of dispatchable capacity. From 2022 through 2025, Sunrun customers' solar energy systems generated approximately 28.2 billion kilowatt hours of solar energy, helping to enable the avoidance of approximately 15 million metric tons of carbon emissions from entering the atmosphere. Today, Sunrun operates the nation's largest distributed power plant, with more than 164,000 households enrolled in programs that dispatch their stored energy to the grid. Powell's leadership has earned numerous accolades. In addition to the 2024 and 2026 TIME100 Climate lists, her honors include the 2026 CNBC Changemakers list, the 2024 Forbes 50 Sustainability Leaders list, Utility Dive's 2019 Utility Executive of the Year, Fast Company's 100 Most Creative People and Fast 50 Leaders in America lists, and the prestigious Rachel Carson Award for environmental impact. About Sunrun Sunrun Inc. (Nasdaq: RUN) is America's largest provider of home battery storage, solar, and home-to-grid power plants. As the pioneer of home energy systems offered through a no-upfront-cost subscription model, Sunrun empowers customers nationwide with greater energy control, security, and independence. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lowers energy costs. Learn more at www.sunrun.com. Media Contact Wyatt Semanek Sr. Director, Corporate Communications [email protected] Investor & Analyst Contact Patrick Jobin SVP, Deputy CFO & Investor Relations Officer [email protected]

Yahoo
Nov 10th, 2026
Chicago program helps people transition from prison to solar jobs.

Chicago program helps people transition from prison to solar jobs. Kari Lydersen Tue, November 10, 2026 at 12:30 AM PST Inside a brick building on Chicago's West Side - once part of a sprawling Sears Roebuck campus - is an adult transitional center, or halfway house, that's home to 250 men completing sentences for criminal convictions and preparing to reenter society. Just down the hallway from their living quarters, a high-ceilinged former gymnasium holds an unexpected sight: a two-story under-construction home, complete with exposed insulation and electric fixtures. This is where residents of the halfway house, and other men and women who have been involved with the criminal justice system, train for a new chapter in their lives: work in the solar industry. It's part of a larger workforce initiative to inject equity into the state's clean energy transition. Illinois' 2017 and 2021 clean energy laws created job training programs that prioritize people from marginalized communities, and include remedial education, interpersonal and professional skills, and wraparound services to help them with childcare, car problems, mental health needs, and other challenges. The state has a specific focus on including the formerly incarcerated in this effort, and the Safer Foundation, headquartered in this brick building, has been central to achieving that. Since 1972, the nonprofit has equipped people who were formerly incarcerated with skills and helped them get jobs. Safer President and CEO Mark Yates said that clean energy is a promising sector, offering entry-level jobs, opportunities to advance, and carpentry and electrical experience that also translates to other fields. Safer says that its relationships with employers like utility-scale developer Millennium Solar Electric and residential installer SunRun help, since companies are often reluctant to hire people with criminal convictions or gaps in work history. "They've been incarcerated beyond technology advances" in many cases, Yates noted, and may have to learn how to use a smartphone, for example, along with mastering solar technology. In the past three years, more than 100 people have obtained clean energy-related industry certifications through Safer's training, and 79 of them have gotten jobs, said Katrice Harris, the foundation's training and employment account executive. "The types of individuals we serve encounter a little more trouble with barriers, but we have staff fully certified and trained to help push to get these clients employed," she said. "The job development team goes out and makes connections with employers, where they build relationships and create MOUs where employers agree to hire these clients and give them a second chance." Holistic approach. Yates said people with criminal convictions are often "better workers" than average, "because they feel this is their one and only chance to get something right." But for many, work ethic alone is not enough. That's why Safer offers substance abuse recovery, anger management, and other social services in-house, which some trainees need not only for their health but also to comply with court mandates. "They get workplace and diversity skills training, financial literacy, soft skills," Harris said. "It's all geared toward getting the guys and women credentially equipped so they can land jobs and become self-sufficient." Solar trainees have access to services that Safer offers its clients, including counseling and substance abuse treatment. There's an on-site food pantry styled as a grocery store, and Safer personal shoppers help people make their selections. Every detail is aimed at creating a feeling of normalcy and empowerment, Yates said, rather than an "institutional" vibe. Safer also aims to help the significant number of people with criminal convictions who are unhoused, through 148 units of subsidized and affordable housing, as well as services like storing people's belongings while they're at work. A growing pipeline. Safer started its own construction company in 2016, wherein trainees turned employees do renovation and carpentry work for the organization and other clients. Weatherization and solar panel installation were a natural progression of that work. The foundation received a state grant for solar training created by the 2017 Future Energy Jobs Act, a federal grant for solar training in 2021. Since 2024, it has been among the clean energy workforce hubs created and funded by the state's 2021 Climate and Equitable Jobs Act. Trainees receive stipends for participating in the program, which includes a month of basic skills followed by three to six weeks of training in either solar or weatherization. There's also the possibility of pre-apprenticeships that can lead to labor union jobs. Yates said Safer's on-site mock-up house goes beyond what many solar trainings offer, and helps students fully experience what it's like to work in the industry. He notes that some trainees are afraid of heights, so the program lets them get comfortable with working on a roof while clipped into safety harnesses. They learn how to wire the home and work with an inverter, gaining experience with the electrical side of solar power. People who live in areas identified as "equity eligible" or meet other criteria - including involvement with the criminal justice or foster care systems - qualify for the trainings under Illinois' clean energy law. The law also created robust incentives for employers to hire those who meet the equity criteria. Safer prioritizes people from Chicago's South Side and West Side, areas with a disproportionate number of low-income communities and a history of disinvestment. About three-quarters of Safer's solar trainees so far have been justice-involved, but others who meet the state criteria are also eligible. The organization also has a state grant to launch trainings inside an Illinois prison, for people within three years of their release date. Upon release, they will be sent to Safer for mentorship and connections to employers. Vincent Jones, who has an IT background, found out about the solar training from a relative who had done it, and he applied while between jobs. Jones utilized the food pantry and received a laptop as part of the program. He was also pleased to realize that Safer could help him expunge his record of a legal problem that did not involve incarceration. Since graduating last fall, Jones, 41, has received multiple solar-related certifications and worked in installation and maintenance of residential and utility-scale solar, including a job in Dallas with developer RWE. "They were not positions that lasted a long time, but enough to give me a little experience," he said. Now, he is an instructor for the state clean energy trainings, including at a youth development academy on Chicago's South Side. "I took the bull by the horns and tried to get more and more information," he said. "Even though I like working in the field, I think helping to prepare others is my calling - the vocational realm where I can teach others to further themselves."

Business News This Week
Nov 10th, 2026
Captona invests preferred equity in 9,400 Sunrun solar and battery projects

Captona, a North American energy investment firm, has made a preferred equity investment through a project finance partnership with Sunrun, the largest US provider of home battery storage and solar. The deal was announced on November 10. Captona has invested at the individual project level in 9,400 residential solar and battery storage projects across more than 20 states. The projects represent 74MW of solar generation and 110MWh of battery storage. Captona introduced its preferred equity structure in 2023 and has since worked with developers including Nexamp. The Sunrun deal extends the programme into residential solar and storage. "We're proud to work alongside one of the largest companies in the sector," said Izzet Bensusan, founder and chief executive officer of Captona.

pv magazine USA
Nov 10th, 2026
Captona and Sunrun announce preferred equity project finance partnership.

Captona and Sunrun announce preferred equity project finance partnership. The investment, which follows a similar partnership between Captona and Nexamp, is said to support as many as 9,400 residential installations in more than 20 states, totaling 74 MW of solar and 110 MWh of battery storage. Nov 10 2026 New York-based investment firm Captona has announced a preferred equity investment in Sunrun to support the residential installer's project financing needs. While specific financial terms and portfolio capacities were not immediately disclosed, the parties said the deal would support 74 MW of solar and 110 MWh of battery storage across 9,400 residential installations in more than 20 states. In solar project finance, preferred equity allows a company like Sunrun to access flexible capital over a defined term while offering the investor a prioritized return compared to common shareholders. For Captona, the investment in Sunrun follows an earlier preferred equity transaction with community solar developer Nexamp. First announced in Oct. 2026, the firm said its investment would support 55 MW of solar generation and 5 MWh of battery storage capacity across 10 Nexamp projects in four states. "Our partnership with Sunrun marks the next chapter in Captona's evolution as a premier investment partner in the energy transition," said Captona founder and CEO Izzet Bensusan, in a statement. "We're proud to work alongside one of the largest companies in the sector as we continue to grow and scale our business, expand our investment portfolio and build on the relationships we've established with industry leaders." News of the investment comes shortly after Sunrun's recent Q3 earnings report, in which the company revealed a 51.7% growth in revenue over the same quarter in 2025, largely on the strength of a separate financing transaction that sees the company selling many of the installations it initiates directly to a third party upon completion, allowing Sunrun to generate revenue from sales even as it maintains a long-term operating (and up-selling) relationship with the systems' users. Since its inception in 2007, Sunrun has raised capital from a number of sources, historically depending on a mix of traditional debt and tax equity to finance the installation of its residential systems. The addition of preferred equity from partners like Captona gives Sunrun another way to raise capital outside of its standard tax equity partnerships and senior debt facilities. This content is protected by copyright and may not be reused. If you want to cooperate with PV Magazine Group and would like to reuse some of its content, please contact: [email protected]. More about

Yahoo Finance
Nov 9th, 2026
Sunrun beats Q3 estimates with $1.10B revenue as storage attachment hits record 75%

Sunrun beat Wall Street expectations in the third quarter of 2026, helped by fast growth in direct sales and more storage installations. Revenue rose 51.7% year on year to $1.10 billion, against analyst estimates of $750.3 million. Adjusted earnings per share were $0.56, versus the $0.32 expected. Operating margin reached 14%, up from 0.5% a year earlier. Chief executive officer Mary Powell said the company hit a record 75% storage attachment rate. Annual recurring revenue grew 12% to $2.08 billion, and customers rose to 1.23 million from 1.21 million. On the earnings call, president Paul Dickson said Sunrun will keep its affiliate business after a reset with higher standards. He expects affiliate and direct growth to turn positive year on year by the second quarter of 2027. Sunrun shares trade at $9.81, up from $8.83 before the results.

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