Sunrun begins dispatching 37,000 home batteries to support Puerto Rico's grid, addressing energy shortfalls amid high demand.
Quiver AI Summary
Sunrun, the leading provider of clean energy as a subscription service, is delivering over 37,000 home batteries to Puerto Rico's grid operator, LUMA, to help address power shortages caused by high demand and insufficient electricity generation. This initiative aims to relieve strain on the island's grid, especially during the expected high-demand months from July to October. Sunrun's dispatchable power capacity has significantly increased, demonstrating the effectiveness of their distributed power plants in preventing blackouts. Customers participating in this program will earn compensation for the energy their batteries supply to the grid, while Sunrun will also benefit financially from operating the service. Sunrun emphasizes the critical need for such support amidst challenging weather and aging infrastructure, showcasing the potential of home battery systems as a reliable energy source.
Potential Positives
- Sunrun is dispatching over 37,000 home batteries to support Puerto Rico's grid, addressing critical electricity generation shortages and preventing blackouts.
- The company has increased its dispatchable power capacity more than tenfold since last summer, demonstrating significant growth and operational improvement.
- This initiative allows Sunrun customers to earn a minimum of approximately $200 per battery, encouraging community participation and enhancing customer satisfaction.
- The collaboration with LUMA highlights Sunrun's pivotal role in providing reliable energy solutions during times of high demand, reinforcing its position as a leader in the clean energy sector.
Potential Negatives
- The dependency on home batteries to support Puerto Rico's grid highlights the insufficiencies of the current centralized electricity generation system, potentially raising concerns about the long-term viability and reliability of the local energy infrastructure.
- The mention of a difficult summer ahead suggests that Sunrun's services may be stretched thin, indicating potential vulnerabilities in their operational capacity to respond to increasing energy demands without shortages.
FAQ
What is Sunrun's role in Puerto Rico's energy crisis?
Sunrun is providing over 37,000 home batteries to support Puerto Rico's grid during increased demand and energy shortages.
How does Sunrun's battery system help prevent blackouts?
The batteries supply dispatchable power that relieves strain on the grid, helping to avoid rotating blackouts during high demand.
What financial incentives does Sunrun offer to battery customers?
Customers can earn at least $200 per battery for participation and potentially more by adjusting settings for grid support.
How does Sunrun contribute to the renewable energy sector?
Sunrun revolutionized solar energy access since 2007, providing affordable, reliable clean energy solutions without upfront costs.
What are the expected benefits of Sunrun's distributed power plants?
They deliver on-demand power, similar to gas peaker plants, enhancing grid reliability and energy security for communities.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RUN Insider Trading Activity
$RUN insiders have traded $RUN stock on the open market 30 times in the past 6 months. Of those trades, 2 have been purchases and 28 have been sales.
Here’s a breakdown of recent trading of $RUN stock by insiders over the last 6 months:
- EDWARD HARRIS FENSTER has made 2 purchases buying 200,000 shares for an estimated $1,564,100 and 0 sales.
- LYNN MICHELLE JURICH has made 0 purchases and 4 sales selling 57,793 shares for an estimated $505,768.
- MARY POWELL (Chief Executive Officer) has made 0 purchases and 7 sales selling 55,731 shares for an estimated $426,364.
- DANNY ABAJIAN (Chief Financial Officer) has made 0 purchases and 5 sales selling 33,216 shares for an estimated $260,755.
- PAUL S. DICKSON (Pres. & Chief Revenue Officer) has made 0 purchases and 5 sales selling 32,510 shares for an estimated $254,849.
- JEANNA STEELE (Chief Legal & People Officer) has made 0 purchases and 5 sales selling 17,958 shares for an estimated $137,325.
- MARIA BARAK (Chief Accounting Officer) has made 0 purchases and 2 sales selling 3,717 shares for an estimated $29,049.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RUN Hedge Fund Activity
We have seen 181 institutional investors add shares of $RUN stock to their portfolio, and 189 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ORBIS ALLAN GRAY LTD removed 11,024,666 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $64,604,542
- ALYESKA INVESTMENT GROUP, L.P. removed 10,399,126 shares (-86.5%) from their portfolio in Q1 2025, for an estimated $60,938,878
- PGGM INVESTMENTS added 5,325,332 shares (+316.6%) to their portfolio in Q2 2025, for an estimated $43,561,215
- SOROS FUND MANAGEMENT LLC added 3,513,688 shares (+209.7%) to their portfolio in Q1 2025, for an estimated $20,590,211
- DIMENSIONAL FUND ADVISORS LP added 3,320,895 shares (+50.2%) to their portfolio in Q1 2025, for an estimated $19,460,444
- MILLENNIUM MANAGEMENT LLC added 2,179,537 shares (+596.7%) to their portfolio in Q1 2025, for an estimated $12,772,086
- BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. removed 2,014,240 shares (-40.5%) from their portfolio in Q1 2025, for an estimated $11,803,446
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$RUN Analyst Ratings
Wall Street analysts have issued reports on $RUN in the last several months. We have seen 6 firms issue buy ratings on the stock, and 2 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Overweight" rating on 07/15/2025
- Wells Fargo issued a "Overweight" rating on 06/25/2025
- GLJ Research issued a "Sell" rating on 06/17/2025
- Mizuho issued a "Outperform" rating on 06/02/2025
- UBS issued a "Buy" rating on 05/30/2025
- BMO Capital issued a "Underperform" rating on 05/22/2025
- Goldman Sachs issued a "Buy" rating on 05/19/2025
To track analyst ratings and price targets for $RUN, check out Quiver Quantitative's $RUN forecast page.
$RUN Price Targets
Multiple analysts have issued price targets for $RUN recently. We have seen 14 analysts offer price targets for $RUN in the last 6 months, with a median target of $9.0.
Here are some recent targets:
- Mark Strouse from JP Morgan set a target price of $16.0 on 07/15/2025
- Maheep Mandloi from Mizuho set a target price of $21.0 on 07/14/2025
- Julien Dumoulin-Smith from Jefferies set a target price of $11.0 on 07/09/2025
- Michael Blum from Wells Fargo set a target price of $8.0 on 06/25/2025
- Christopher Dendrinos from RBC Capital set a target price of $5.0 on 06/18/2025
- Sophie Karp from Keybanc set a target price of $6.0 on 06/17/2025
- Gordon Johnson from GLJ Research set a target price of $0.01 on 06/17/2025
Full Release
SAN FRANCISCO, July 21, 2025 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, has begun dispatching more than 37,000 home batteries to provide emergency power to Puerto Rico’s grid operator to address insufficient centralized electricity generation coinciding with increased demand due to high temperatures. The additional energy provided by Sunrun’s distributed power plant relieves grid strain and helps prevent rotating blackouts.
Sunrun’s enrolled dispatchable power capacity has increased more than tenfold since last summer to support the island’s struggling grid. From July through October this year, electric utility operator LUMA expects more than 75 energy shortfall events requiring Sunrun’s fleet of batteries to dispatch energy—with each dispatch bolstering the grid for four consecutive hours.
LUMA confirms that Sunrun, in combination with other aggregators, provided enough energy during several recent evenings to overcome significant generation shortages. This influx of on-demand, grid-saving power from home batteries provides a clear example of the impact and benefit of distributed power plants.
“We celebrate a major energy milestone,” LUMA said in a public post . “This collaboration helped address a generation shortfall of nearly 50 MW, assisting in preventing multiple load shedding events and keeping the lights on longer in many communities around the island.”
“The aging grid and intense weather patterns in many parts of the country, including Puerto Rico, mean that our dispatchable power is of critical importance,” said Sunrun CEO Mary Powell. “It’s going to be a very difficult summer, which is why Sunrun has ramped up our dispatch capabilities, using tens of thousands of home batteries to support the grid and people of Puerto Rico. Our many distributed power plants—active in states across the country—provide the same grid function as a natural gas peaker plant by delivering affordable, reliable power exactly when the grid needs it.”
Sunrun customers will earn a minimum of approximately $200 per battery for participating in the distributed power plant. Customers can earn more money by adjusting the battery settings to send more energy to the grid and retain less for personal backup. Sunrun will also earn revenue for operating the distributed power plant.
About Sunrun
Sunrun Inc. (Nasdaq: RUN) revolutionized the solar industry in 2007 by removing financial barriers and democratizing access to locally-generated, renewable energy. Today, Sunrun is the nation’s leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs. Sunrun’s innovative products and solutions can connect homes to the cleanest energy on earth, providing them with energy security, predictability, and peace of mind. Sunrun also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value. Discover more at
www.sunrun.com
.
Media Contact
Wyatt Semanek
Director, Corporate Communications
[email protected]
Investor & Analyst Contact
Patrick Jobin
SVP, Deputy CFO & Investor Relations Officer
[email protected]