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…
Yann
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The first day at REFF had plenty of coverage of what happens in 2017. With a few folks commenting that it has yet to be determined and Bank of America coming out to say that the solar revolution will continue on without problem. What is apparent is that the people in the know and those with policy teams understand that the ability of solar ITC extension is very likely. Keep in the loop and let me know if you're connected to your congressman or Senator!
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I'm here in NYC for the REFF conference. Solar plus storage will surely be a topic of discussion as brought up by the Washington Post today. I don't see storage being much different than solar, as we currently sit in the phase to drive price down. With Tesla leading the charge alongside Samsung to drive price down, the next step will be to grow pipeline and building the right software platforms. For our team, we look a your global pipeline and figure out how to add it. Solar plus storage will be a great market and we will see how the financing markets react.
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I am really enjoying what Senator Bernie Sanders is up to. He is making climate change an issue but more importantly he is showing that it is an issue that candidates can get the valuable young voters with. He may even be drawing some conservatives with whom the Pope’s message is resonating with. I don’t know if Senator Sanders has the ability to get into the polls against Hillary Clinton but I can almost guarantee you that he is helping John Podesta getting the topic into issue meetings and I would not be surprised if GOP polling is showing that climate change isn’t just a lefty issue. Tom Steyer may have been 2 years early with the push for climate change as an election issue but 2016 will definitely show the signs of what is to come.
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