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RUN : Sunrun upgraded at BofA Merrill as post-earnings selloff overdone
3:43 pm, Mon, Aug. 13, 2018
How has this not shot up from the news of Solarcity shuttering 13 locations?
Institutional Buying... Nice
They believe solar is the future.
This is not just a 5% ownership but 10%!!! Huge buy in
$RUN should buy Colorado solar maker $ASTI and California solar maker $RGSE imo
Very bullish! Buy a call for earning at $14
Wow! Great looking chart:
https://finviz.com/quote.ashx?t=RUN&ty=c&ta=1&p=d
We will close around $9.30 today, $10 plus next week
Waiting for it to hit $10. The future outlook is wonderful here
This rise in interest rates comes at a very bad time for SunRun. It will hurt their future customer prospects and increase their own cost of money. If SunRun resorts to equity financing, that will hurt shareholders even more.
What an absolutely moronic report. Simply a rehash of public info already well known and readily available. I think Jurich is desperate.
Looks like another dismal day for SunRun. It will get worse because Jurich just does not have a clue; and the only things that keep solar alive are government subsidies, tax credits and insane environmentalism.
A drop 5-6% in the PPS in one day is a BIG deal. Of course, a major investor like Accel partners filing the required insider notice that they intend to dispose of 4,300,000 + shares doesn't help things.
$RUN - I agree 100%!!!
It will keep going down too. This has zero reason to go up. The 201 Trade case will rip this company to shit. Incentives in one of their best states (MA) are coming to close at year's end are getting slashed. They cannot perform the switch over to a sales model at this point becuase their too debt ridden and the incentives are shrinking across the country not growing. SUnrun is worth about 1.50 a share with what is coming as of Jan 1st. This is a great short play
You'd think a hurricane in the sunshine state would help create some opportunity here. Especially as power outages can be lengthy.
what about it?
You were saying?
SunRun had a deal with Xfinity 2-3 years ago that gave Xfinity customers a decent sized discount on a solar system. It was a colossal failure and brought SunRun no extra business. IMO, Jurich is NOT a good business woman and highly deceptive.
https://www.greentechmedia.com/articles/read/sunrun-inks-a-deal-with-comcast-enabling-lower-cost-customer-acquisition
Great deal for Comcast and atrocious long term for Sunrun. Selling shares of ownership on a lay a way plan is short term thinking
Run is also likely to get its tail kicked by Tesla. In reality, Tesla's product isn't any better; but it sounds sexier to the customer and, lets face it, Elon is much, much better at manipulating governments (subsidies), markets and the name itself has a certain cache..
Yet it hasn't done really anything. the real investors are waiting to see the huge roadblocks ahead. Lying to the SEC sure doesn't help get investors on your side. Especially at the cash burn rate they have. Also the class action lawsuit will need to be cleared before anyone commits any real money to this. It will continue to sink back down to 5 or sub 5
$RUN - Fantastic post! Thank you!
I guess the misinformed rants again...
Anyone counting how many days below $5 any more?
Sunrun opens up Texas, Florida, Wash DC, and 3 more states this year...
Doesn't smell like a loser to me.
At this point, who cares about picayune frivolous suits...
just a slap on the wrist... then life goes on. Sunrun is here to stay.
already opening up six more states this year to include Texas, Florida, Wisconsin, D.C., etc...
Growth is happening and it will only get bigger.
Today's article is all about hiring someone who can put together financing deals ... not about the "National Grid." SunRun cannot live without lots and lots of external financing because it can never survive on the revenues it generates.
The edict to hide cancellations came from the top. Nothing moves at SunRun without Jurich's involvement. Nothing.
As I've said before, SunRun has serious economic issues. IMO, the SEC is the least of the problems because the SEC is wholly toothless and will hesitate to do what they should because the solar industry is a political darling right now. The SEC will do nothing much unless there is a political benefit for themselves. Some of the Class Action suits might trip up SunRun, though.
In the main, SunRun will destroy itself. You just can't lie to sophisticated investors forever.
The problem with the energy storage ideas, whether it is Tesla or SunRun, is that the cost of the storage capacity is so astronomically high as to be ludicrous for homeowners. It costs more to store a Kwh than to produce it. Sometimes as much as double.
If one looks at the long run, the net cost of producing and then storing one's own electricity so you can go off the grid completely is beyond reason. the cost would be easily between 200% and 300% of simply staying on the grid ... or using the "net metering" system.
SunRun is going back into Nevada. But, it just shows that the entire solar sector is economically unfeasible without massive Government subsidies.
No I agree the brass may not have known, however the SEC will not care about that. They will fine them anyway. In business the top management is always at fault regardless. They signed the Oxley for that quarter so they will be held accountable. RUN in Massachusetts is having a extremely hard time competing and that was one of their goldmines. They are still much more expensive and still pushing PPAs and leases in one of the top three wealthiest states in America. These people also do massive research and comparison shop.
As for proving in court, all they need is one of the several people to state it is true. They will def do that to trade freedom of prostitution for information. I believe the SEC would love to nail either SCTY or Run or both on this and will drill down really deep. We may both be wrong but we will see, cheers
Not really...
In Jan 2016, Sunrun and other solar companies pulled out of Nevada because of the politics involved between NV Energy, Gov Sandoval and the PUC.
20% of Sunrun's entire business was in Nevada... yet because they could not make any profits nor could homeowners save money, they pulled out.
Recently this month, Gov Sandoval signed a bill allowing solar back into the state. The PUC board that had ruled against solar is long gone and 3 new appointees, who are in favor of solar, are now in effect.
I am looking at Sunrun to be moving back into Nevada by 4th Qtr and with the Solar plus Energy Storage, will give NV Energy a run for their money, because a lot of disgruntled homeowners will be wanting to get off the grid with this new system. Tesla who is now operating a Lithium Ion manufacturing plant up North which can or should be producing around a million batteries per year will also be eyeing Southern Nevada to grow the industry.
The point being is, though there may be misdeeds done, it was not from anything Lynn or Ed had done intentionally. Caused by minions below their guise, and no longer with the company, it will be hard to prove in any court, especially intent to misinform shareholders of their actual numbers and any reports filed. Surely an amendment can be and probably will be filed to correct the data, should it be found erroneous.
All that may be true. But, SunRun does not use leases. They use PPAs instead ... and there is a huge difference. Still, i don't like SunRun's prospects for a variety of reasons.
Also, i doubt the SEC is going to do much in the way of fines. That isn't their style unless the infraction was extremely serious. We will see what the class action lawsuits bring. IMO, publicly owned Solar companies are dinosaurs and cannot compete with wholly owned companies on price or service.
With the backbreaking fines from the SEC incoming and a class action lawsuit, I would say this will bankrupt them. They already forecasted worse numbers for 17. They can't compete with other companies price wise to sell solar residentially and no one wants leases anymore. This is going down to 4 or below by Q4
$RUN - $5 lookn good! Ready to "run" back to $8! sorry
Let's see, class action lawsuit and the SEC investigation. For a company that can't afford one of these let alone both. Let's be honest two separate employees that never met blew the whistle. They totally withheld info and will be fined huge for that.
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Today, Sunrun is the largest dedicated residential solar company in the United States. We are constantly innovating to make going solar easier, more affordable and to allow you to save more money! So far, we’ve installed nearly 3 million solar panels on over 100,000 rooftops and saved our customers more than $100,000,000 off their electricity bills...we are just getting started.
This spring we launched Sunrun® BrightBox™, our solar generation plus energy storage product, in Hawaii. BrightBox’s energy management system allows us to provide you with a home that seamlessly generates its own clean energy, stores it, and manages how the power is used in the home and shared with the grid. We’re looking forward to making Sunrun BrightBox available in more states in the coming months.
The best thing about BrightBox in Hawaii is that it’s just the beginning. We’re building a range of new capabilities at Sunrun that allow us to help you manage your home’s energy to drive savings while you stay comfortable. Comfort in both the climate of your home as well as in knowing your home has the necessary storage to tolerate grid outages or avoid purchasing electricity at the times when rates are highest, providing you with long term control of your home energy bill.
As an example of our commitment to improving our solar offerings, we recently announced a new partnership with LG Chem, one of the world’s leaders in energy storage systems, to launch their best-in-class lithium-ion RESU batteries through Sunrun BrightBox.
All in all, these are exciting times for Sunrun as we continue to develop and deploy services that further increase energy control, savings, and overall peace of mind for homeowners just like you.
As a sign of Sunrun’s evolution, we’re proud to introduce a brand new look.
Our new logo, which we call The Sunrun® Brilliant Home™, represents the solution we are delivering to you, our customers. It puts you at the center and embodies the services we offer as the leader in residential solar energy generation, storage, and management.
If you’ve already made the decision to go solar, congratulations and thanks for playing your part in creating a planet run by the sun. We are working hard to bring you new products and services that will further reduce your carbon emissions and save you money.
For those of you who are still contemplating the move, give us a call or send us an email to learn more about Sunrun’s proven capability and commitment to integrating and managing technology in a way that delivers savings and simplicity to our customers.
SAN FRANCISCO, Oct. 26, 2016 (GLOBE NEWSWIRE) -- Sunrun Inc. (Nasdaq:RUN), the largest dedicated residential solar company in the United States, and LG Chem, a leading global manufacturer of advanced batteries, today announced a partnership to launch LG Chem’s energy storage technology in the U.S. residential solar market. Sunrun will offer LG Chem’s best-in-class lithium-ion RESU batteries through Sunrun BrightBoxTM solar generation plus energy storage systems. Sunrun BrightBox offers advanced energy services that save families money day and night on their electric bills and supports the development of a modern energy infrastructure for America.
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Sunrun is committed to sourcing and
http://investors.sunrun.com/phoenix.zhtml?c=254007&p=irol-newsArticle&ID=2216035
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