Sunrun's home batteries dispatched over 340 megawatts to support power grids amid a heat wave, preventing blackouts.
Quiver AI Summary
Sunrun announced that on June 24, its network of home batteries dispatched over 340 megawatts of peak power to assist power grids in several regions, including California and New York, during a severe heat wave. As traditional power plants struggled with soaring temperatures and increased demand, Sunrun's batteries provided emergency energy support, helping to mitigate the risk of blackouts and reduce reliance on fossil fuel power plants. Sunrun CEO Mary Powell emphasized the importance of home battery storage as a solution for energy security. The company's ability to rapidly deploy battery power has established it as the largest distributed battery power plant operator globally, with a capacity comparable to that of a nuclear power plant. Through its subscription model, Sunrun is effectively managing and mobilizing a vast number of home batteries to enhance grid reliability and respond to energy demands.
Potential Positives
- Sunrun dispatched over 340 megawatts of peak power from home batteries to support grid stability during a critical heat wave, demonstrating its capability to respond to urgent energy needs.
- The company played a significant role in reducing reliance on traditional, expensive, and polluting peaker power plants during periods of high demand, providing a cleaner energy solution.
- Sunrun's fleet of batteries is positioned as a reliable resource for energy security, with nearly a gigawatt of capacity installed, making it the largest distributed battery power plant provider in the world.
- The growing use of Sunrun's subscription model allows for effective aggregation and management of home batteries, enhancing overall grid reliability and customer value.
Potential Negatives
- The press release highlights a critical reliance on home batteries to support power grids during extreme weather, indicating potential vulnerabilities in traditional energy infrastructure that could reflect negatively on the broader energy sector.
- The mention of "rotating blackouts" and "overheating of transmission lines" may raise concerns about the stability and reliability of the existing grid infrastructure, possibly implicating Sunrun in systemic issues despite their efforts.
- Rising wholesale electricity prices could indicate a broader energy market crisis, which may negatively impact public perception and consumer confidence in Sunrun's ability to provide stable energy solutions.
FAQ
What was Sunrun's recent power dispatch achievement?
Sunrun dispatched over 340 megawatts of peak power from home batteries to support East Coast and West Coast power grids.
How can home batteries help prevent blackouts?
Home batteries provide on-demand power to the grid, reducing the reliance on traditional power plants during peak demand.
Why is Sunrun's technology important for energy security?
Sunrun's technology offers a reliable energy source that can enhance grid resilience and adapt to growing electricity demand.
How does Sunrun qualify as a leading battery power provider?
With nearly a gigawatt of battery capacity, Sunrun is the largest distributed battery power plant provider globally, operating at an unrivaled speed.
What does Sunrun's subscription model offer customers?
Sunrun's subscription model allows access to solar energy and battery storage with no upfront costs, promoting renewable energy adoption.
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 5 sales selling 107,793 shares for an estimated $985,108.
- MARY POWELL (Chief Executive Officer) has made 0 purchases and 7 sales selling 48,572 shares for an estimated $350,653.
- DANNY ABAJIAN (Chief Financial Officer) has made 0 purchases and 5 sales selling 28,041 shares for an estimated $206,234.
- PAUL S. DICKSON (Pres. & Chief Revenue Officer) has made 0 purchases and 5 sales selling 27,468 shares for an estimated $201,473.
- JEANNA STEELE (Chief Legal & People Officer) has made 0 purchases and 5 sales selling 16,302 shares for an estimated $120,191.
- MARIA BARAK (Chief Accounting Officer) sold 2,729 shares for an estimated $18,379
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RUN Hedge Fund Activity
We have seen 186 institutional investors add shares of $RUN stock to their portfolio, and 275 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
- 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
- ROBECO SCHWEIZ AG removed 3,117,100 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $28,833,175
- NORGES BANK added 2,831,764 shares (+542.6%) to their portfolio in Q4 2024, for an estimated $26,193,817
- MILLENNIUM MANAGEMENT LLC added 2,179,537 shares (+596.7%) to their portfolio in Q1 2025, for an estimated $12,772,086
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 2 firms issue buy ratings on the stock, and 3 firms issue sell ratings.
Here are some recent analyst ratings:
- KeyBanc issued a "Underweight" rating on 06/17/2025
- GLJ Research issued a "Sell" rating on 06/17/2025
- BMO Capital issued a "Underperform" rating on 05/22/2025
- UBS issued a "Buy" rating on 05/14/2025
- Exane BNP Paribas issued a "Outperform" rating on 01/07/2025
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 5 analysts offer price targets for $RUN in the last 6 months, with a median target of $13.0.
Here are some recent targets:
- Maheep Mandloi from Mizuho Securities set a target price of $13.0 on 06/02/2025
- Ameet Thakkar from BMO Capital set a target price of $4.0 on 05/22/2025
- Jon Windham from UBS set a target price of $17.0 on 05/14/2025
- Jordan Levy from Truist Financial set a target price of $6.0 on 04/16/2025
Full Release
SAN FRANCISCO, June 25, 2025 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN) announced today that its fleet of home batteries enrolled in distributed power plants dispatched more than 340 megawatts of peak power on the evening of June 24 to support power grids in California, New York, Massachusetts, Rhode Island, and Puerto Rico. These dispatch events come as grid operators scramble to prevent rotating blackouts amid a triple-digit heat wave sweeping the East Coast.
The prolonged heat has caused congestion and overheating of transmission lines, leading to sharp increases in wholesale electricity prices. As soaring temperatures reduced the efficiency of traditional power plants, utilities struggled to meet skyrocketing demand for electricity.
“This summer is proving challenging for grid operators, as extreme heat and rising demand again push our aging infrastructure to its limits,” said Sunrun CEO Mary Powell. “Home storage paired with solar is a reliable and controllable resource that can provide on-demand power to the grid to prevent blackouts and reduce energy prices for all households. We must fully embrace these technologies if we’re to achieve energy security for America.”
On Tuesday evening, Sunrun answered urgent requests for emergency power by dispatching stored energy in home batteries to the grid during sweltering heat along the East Coast. The influx of power from thousands of Sunrun batteries helped fill the gap of energy reserves while reducing the need for expensive and polluting peaker power plants.
In New York, Sunrun completed its fourth dispatch event within the last week, helping relieve stress on congested circuits identified by the utility partner. Three more power-sharing events in New York are scheduled for the coming week. In Puerto Rico, Sunrun activated more than 5,600 batteries in less than one hour to assist the island’s utility provider during power generation shortfalls.
In California, Sunrun’s fleet of home batteries enrolled in a statewide distributed power plant dispatched 325 megawatts of peak power. The dispatched batteries acted in the same way as a traditional power plant and decisively knocked down the state’s evening peak demand for electricity from 7 p.m. to 9 p.m.—when families typically increase the use of appliances and air conditioning and after solar has stopped generating electricity.
“Our distributed power plants are ready to help drive a more resilient and less expensive grid,” said Chris Rauscher, Vice President of Grid Services at Sunrun. “We are doing this at scale and creating real value right now. With an aging grid and demand growth occurring, it is clear that the need for this capacity will only grow exponentially.”
With nearly a gigawatt of total battery capacity installed—the equivalent of a nuclear power plant’s worth of peak power—Sunrun is the largest distributed battery power plant provider and operator in the world. Unlike traditional power plants, Sunrun can deploy battery capacity that is equivalent to a utility scale battery or even a peaker power plant within months—an unrivaled speed. Sunrun’s subscription model is key to its ability to aggregate, manage, and dispatch hundreds of thousands of home batteries to improve grid reliability.
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
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