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July 01, 2015 8:02 AM ET

Electrical Equipment

Company Overview of Sunrun Inc.

Company Overview

Sunrun Inc. develops, owns, manages, and sells residential solar energy systems. It distributes solar energy products and material used in the design, installation, and maintenance of solar energy systems. The company also develops and sells mounting structures through the installation and distribution operations under the SnapNrack brand. It provides solar energy services in Arizona, California, Delaware, Colorado, Connecticut, Hawaii, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, and South Carolina, as well as the District of Columbia. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California.

595 Market Street

29th Floor

San Francisco, CA 94105

United States

Founded in 2007

1,700 Employees

Phone:

415-580-6900

Fax:

415-580-6902

Key Executives for Sunrun Inc.

Chief Executive Officer
President
Co-Founder and Chairman
Chief Financial Officer
Chief Operating Officer
Age: 43
Compensation as of Fiscal Year 2015.

Sunrun Inc. Key Developments

Sunrun Reportedly Close To Filing IPO Document

Sunrun Inc. is planning to launch an IPO (Initial Public Offering). Person close to the matter said that company could make its initial public offering documents public as soon as next week. The person added that Credit Suisse, Goldman Sachs and Morgan Stanley are co-lead managers of the IPO. The news report added that a spokesman for Sunrun declined to comment and Dow Jones reported earlier in 2015 that Sunrun was working with bankers on a potential IPO. It further mentioned that it remains unclear what value Sunrun will seek in the IPO. In its last private round, the company was valued at about $1.3 billion, the report added.

Sunrun Inc Faces Class Action Lawsuit in California

Sunrun Inc. has been taken to court for violating California state licensing laws, and the class action lawsuit is pending before Judge John Shepard Wiley Jr. in the state court in Los Angeles. The company has been accused of allegedly arranging for the installation of rooftop solar systems for homes from 2007 until February 9, 2012, without a contractor's license. The defendant denies any wrongdoing or liability. Hagens Berman Sobol Shapiro LLP represents the Class.

Sunrun and Tesla Motors Collaborate to Offer Consumers Home Energy Storage Nationwide

Sunrun announced its collaboration with Tesla Motors, Inc. to expand access to renewable energy storage systems for homeowners across the country. As part of the agreement, AEE Solar will add Tesla's Powerwall Home Battery to its line of storage offerings sold for use in homes. The agreement also expands Sunrun's energy storage program to include new types of storage solutions. Through its AEE subsidiary, Sunrun will be able to make these solutions available to the entire solar energy industry.

Similar Private Companies By Industry

Company Name Region
Sunshine Arizona Wind Energy, LLC United States
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Terra-Gen Power, LLC United States
Ameren Energy Resources Company, LLC United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 2, 2015
Clean Energy Experts - Inc.
 

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