With huge news out of solar yesterday, Sunrun announced it was going public with the release of the S-1 filing to the SEC. It had been filed privately as allowed by the JOBS Act, but now it is happening. The things you need to know: Sunrun is listing under the ticker “RUN” on the NASDAQ, which is the same as SolarCity. There are probably over 80,000 systems on the books and 430MW. Most interesting tidbit, currently being missed by all other reports. Sunrun has an impressive cash income stream from system sales, over $100mm in 2014. So while SolarCity does 137MW in Q4 of 2014, the annual revenue was $255million whereas Sunrun had $198million for the same time period. Let’s see if investors notice…
- Fortune: Sunrun sprints toward an IPO
- SEC: United States Securities And Exchange Commission
- Breaking Energy: Energy Storage Will Likely Follow Renewable Energy’s Rapid Growth Path
- Renewable Energy World: Australian Renewable Energy Law Paves Way for $11 Billion in Projects
- PV-Magazine: Europe – High renewables production leads to plunging power prices
- Boston Herald: Report shines light on solar benefits
- Midwest Energy News: Xcel, developers reach agreement on Minnesota community solar program
- Vox: Here’s how to get solar power if you don’t own a roof
Opinions
Have a great day!
Yann