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’
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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.”