Sunnova, Sunrun, And Solar ABS [Seeking Alpha]
Sunrun Inc. (RUN)
NASDAQ:AMEX Investor Relations:
investors.sunrun.com/investor-overview
Company Research
Source: Seeking Alpha
Sunnova and Sunrun rely on Asset Backed Securitizations to fund operations, but in my opinion, this model is unsustainable in a high interest rate environment. Sunnova and Sunrun focus on solar servicing through leases and power purchase agreements more than residential ownership, in order to raise capital and fund operations. Both companies have been unprofitable for years and continue to accumulate debt through complex financial mechanisms. Justin Paget Summary Many solar companies big and small have filed for Chapter 11 bankruptcy protection, not being able to withstand the high interest rate environment that will continue to persist for at least another year. Two of the biggest solar companies – Sunnova and Sunrun – have leaned on Asset Backed Securitizations to fund operations, focusing on third-party ownership via power purchase agreements and solar leases, rather than customer ownership of the system. That way, they can roll up the solar panels into a security, and s
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RUN
News
- Sunrun Inc. (NASDAQ: RUN) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Is Sunrun Inc. (RUN) the Best Battery Stock to Buy According to Analysts? [Yahoo! Finance]Yahoo! Finance
- Sunrun Inc. (NASDAQ: RUN) had its "buy" rating re-affirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $20.00 price target on the stock.MarketBeat
- Sunrun (RUN) Rises But Trails Market: What Investors Should Know [Yahoo! Finance]Yahoo! Finance
- Sunrun Inc. (NASDAQ: RUN) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $35.00 price target on the stock.MarketBeat
RUN
Earnings
- 8/6/24 - Beat
RUN
Sec Filings
- 9/19/24 - Form 4
- 9/19/24 - Form 144
- 9/11/24 - Form 4
- RUN's page on the SEC website