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Sunrun Maintaining Cash Position But Investors Looking for More

  • Company had at least $200 million on hand for six quarters
  • Slow gains in cash position ‘won’t cut it for investors’

Sunrun Inc. expects to boost installations 15 percent this year and may increase its cash balance, as the largest U.S. independent residential solar company inches toward becoming cash-flow positive without sacrificing long-term stability.

“If you just maximize current-year cash flow, you might not ultimately be building the best long-term shareholder value,” Edward Fenster, Sunrun’s chairman, said in an interview Monday in his San Francisco office. “There’s a balance there that you need to strike.”