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Sunrun (RUN)

Sunrun, is the nation's leading home solar, battery storage, and energy services company. Founded in 2007, Sunrun pioneered home solar service plans to make local clean energy more accessible to everyone for little to no upfront cost. Sunrun's innovative home battery solution, Brightbox, brings families affordable, resilient, and reliable energy. The company can also manage and share stored solar energy from the batteries to provide benefits to households, utilities, and the electric grid while reducing our reliance on polluting energy sources.

Company profile

Ticker
RUN, 0A4S
Exchange
Website
CEO
Lynn Jurich
Employees
Incorporated
Location
Fiscal year end
Former names
SunRun Inc.
SEC CIK
Subsidiaries
AEE Solar, Inc. • Clean Energy Experts LLC • Corinthian Energy • Kina’ole HK Solar Partners, LLC • Kina’ole Hawaii Kai Solar, LLC • Residential Solar Holding, LLC • Residential Solar II, LLC • SR Lease Co • Sunrun Athena Depositor 2018-1, LLC • Sunrun Athena Holdco 2018-1, LLC ...

RUN stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

3 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 863.13M 863.13M 863.13M 863.13M 863.13M 863.13M
Cash burn (monthly) (no burn) (no burn) 68.83M 76.03M 65.95M 76.31M
Cash used (since last report) n/a n/a 203.17M 224.44M 194.68M 225.25M
Cash remaining n/a n/a 659.96M 638.68M 668.45M 637.88M
Runway (months of cash) n/a n/a 9.6 8.4 10.1 8.4

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Sep 22 Fenster Edward Harris Common Stock Sell Dispose S No Yes 34.27 6,172 211.51K 1,578,012
22 Sep 22 Fenster Edward Harris Common Stock Option exercise Acquire M No No 9.81 6,021 59.07K 1,584,184
22 Sep 22 Fenster Edward Harris Employee Stock Option Common Stock Option exercise Dispose M No No 9.81 6,021 59.07K 148,110
19 Sep 22 Lynn Michelle Jurich Common Stock Sell Dispose S No No 37.6483 550 20.71K 1,449,459
19 Sep 22 Lynn Michelle Jurich Common Stock Sell Dispose S No No 36.9395 3,443 127.18K 1,450,009
19 Sep 22 Fenster Edward Harris Common Stock Sell Dispose S No No 37.6375 400 15.06K 1,578,163
19 Sep 22 Fenster Edward Harris Common Stock Sell Dispose S No No 36.9386 2,250 83.11K 1,578,563
19 Sep 22 Jeanna Steele Common Stock Sell Dispose S No No 37.6133 120 4.51K 156,392
19 Sep 22 Jeanna Steele Common Stock Sell Dispose S No No 36.9281 679 25.07K 156,512
16 Sep 22 Danny Abajian Common Stock Sell Dispose S No No 37.2799 279 10.4K 148,508
96.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 410 452 -9.3%
Opened positions 53 77 -31.2%
Closed positions 95 70 +35.7%
Increased positions 157 196 -19.9%
Reduced positions 127 109 +16.5%
13F shares Current Prev Q Change
Total value 68.87B 76.98B -10.5%
Total shares 204.12M 206.35M -1.1%
Total puts 5.96M 6.99M -14.7%
Total calls 8.11M 6.07M +33.6%
Total put/call ratio 0.7 1.2 -36.2%
Largest owners Shares Value Change
BLK Blackrock 32.47M $758.53M +2.8%
Vanguard 18.16M $424.1M +0.9%
Orbis Allan Gray 12.97M $303.09M +21.1%
Foundation Capital Vi 8.87M $0 0.0%
BNP Paribas Asset Management Holding 8.06M $188.26M +0.5%
Grantham, Mayo, Van Otterloo & Co. 6.18M $144.4M +20.5%
IVZ Invesco 5.92M $138.18M -1.2%
STT State Street 5.75M $134.37M -16.9%
MS Morgan Stanley 4.26M $99.57M +20.2%
Accel X 4.2M $0 0.0%
Largest transactions Shares Bought/sold Change
D. E. Shaw & Co. 445.55K -3.78M -89.5%
Electron Capital Partners 2.72M +2.72M NEW
Orbis Allan Gray 12.97M +2.26M +21.1%
Coatue Management 435.34K -1.74M -80.0%
FMR 2.02M -1.58M -43.8%
Greenvale Capital 3.4M +1.3M +61.9%
STT State Street 5.75M -1.17M -16.9%
Handelsbanken Fonder AB 2.64M +1.15M +77.1%
Citadel Advisors 2.61M +1.12M +75.6%
Alyeska Investment 277.5K -1.11M -80.1%

Financial report summary

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Management Discussion
  • The results of operations presented below should be reviewed in conjunction with the consolidated financial statements and notes thereto included elsewhere in this Quarterly Report on Form 10-Q.
  • Customer Agreements and Incentives. The $35.1 million increase in revenue from Customer Agreements was primarily due to new systems placed in service in the period from July 1, 2021 through June 30, 2022, plus a full quarter of revenue recognized in the second quarter of 2022 for systems placed in service in the second quarter of 2021 versus only a partial amount of such revenue related to the period in which the assets were in service in 2021. Revenue from incentives consists primarily of sales of SRECs. The $5.3 million increase in revenue from incentives relates to the timing and volume of sales which are responsive to market conditions.
  • Solar Energy Systems and Product Sales. Revenue from solar energy systems sales increased by $118.9 million compared to the prior year due to overall increased demand for solar energy systems in the marketplace, particularly through retail partners. Additionally, the average price of system sales increased 19% from the prior year period. Product sales increased by $24.1 million, primarily due to overall increased demand for solar energy related products and services in the marketplace.

Content analysis

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H.S. junior Avg
New words: bridge, CA, comment, Defense, feedback, invoked, Kingdom, kWh, principle, Puerto, Republic, Rico, Socialist, Tom, White
Removed: Delta, harbor, inventory, outbreak, purport