Sunrun Activates 130,000 Home Batteries to Boost U.S. Power Grid This Summer

Sunrun Activates Over 130,000 Home Batteries to Support U.S. Power Grid Demand This Summer

Sunrun has activated more than 130,000 home batteries, which represent over two-thirds of its total battery fleet, to assist the U.S. power grid during the summer months. The company has the capability to dispatch 650 megawatts of peak power, which is enough to supply approximately 480,000 homes. CEO Mary Powell noted the increasing energy demand in the U.S., driven by sectors such as manufacturing and artificial intelligence. She emphasized Sunrun’s commitment to combining solar energy with battery storage to enhance grid stability and promote energy independence.

As a leading energy storage operator, Sunrun accounts for nearly half of all new home battery installations and plays a crucial role in providing power during peak demand periods in states like Texas, Arizona, California, New York, and Puerto Rico. These initiatives not only enhance grid reliability but also assist utilities in managing costs and postponing infrastructure investments. Sunrun’s subscription model allows for effective management and dispatch of its battery resources, which is vital in addressing upcoming electricity supply challenges.

### Potential Positives
– Sunrun’s activation of over 130,000 home batteries underscores its significant role in improving grid stability and reliability.
– The company can dispatch 650 megawatts of peak power, sufficient for powering 480,000 homes, placing Sunrun as a key player in meeting rising electricity demand.
– Sunrun’s storage-first strategy has ranked it among the top five energy storage operators in the U.S., reflecting strong competitive advantages in a growing market.
– In the first quarter of this year, Sunrun achieved a storage attachment rate of nearly 70% among new solar customers, indicating robust market demand for its combined solar and battery offerings.

### Potential Negatives
– Sunrun’s reliance on extreme weather conditions to drive demand for its services may raise concerns about the sustainability of its business model in more stable climates.
– The announcement does not address potential regulatory challenges or competition in the energy market that could affect Sunrun’s operations and market share.
– While the outlook appears positive, specific financial forecasts or performance metrics are not provided, leaving stakeholders with unanswered questions regarding profitability and growth potential.

### FAQ
**What is Sunrun’s role in supporting the power grid?**
Sunrun is activating over 130,000 home batteries this summer to provide essential energy support to the U.S. power grid.

**How much peak power can Sunrun dispatch?**
Sunrun can dispatch 650 megawatts of peak power, which is enough to supply 480,000 homes.

**What is Sunrun’s storage attachment rate?**
Sunrun’s storage attachment rate increased to nearly 70% among new solar customers in the first quarter of this year.

**Where has Sunrun recently dispatched energy?**
Sunrun has provided energy support in Texas, Arizona, California, New York, and Puerto Rico during peak demand periods.

**What is Sunrun’s subscription model?**
Sunrun’s subscription model allows homes to access clean energy without upfront costs, enhancing grid reliability and customer value.

### Disclaimer
This summary is based on a press release distributed by GlobeNewswire. The model used may contain inaccuracies. For the complete release, please refer to the original source.

### Insider Trading Activity
In the past six months, Sunrun insiders have traded $RUN stock 31 times, with 2 purchases and 29 sales. Here’s a summary of recent insider transactions:

– **Edward Harris Fenster**: 2 purchases, acquiring 200,000 shares for approximately $1,564,100, and no sales.
– **Lynn Michelle Jurich**: No purchases and 6 sales, selling 157,793 shares for about $1,456,008.
– **Mary Powell (CEO)**: No purchases and 7 sales, selling 48,572 shares for around $350,653.
– **Danny Abajian (CFO)**: No purchases and 5 sales, selling 28,041 shares for about $206,234.
– **Paul S. Dickson (Pres. & Chief Revenue Officer)**: No purchases and 5 sales, selling 27,468 shares for roughly $201,473.
– **Jeanna Steele (Chief Legal & People Officer)**: No purchases and 5 sales, selling 16,302 shares for about $120,191.
– **Maria Barak (Chief Accounting Officer)**: Sold 2,729 shares for approximately $18,379.

### Hedge Fund Activity
In the latest quarter, 187 institutional investors added shares of $RUN stock to their portfolios, while 274 reduced their positions. Some notable recent moves include:

– **Orbis Allan Gray Ltd**: Removed 11,024,666 shares (-100.0%) in Q1 2025, valued at approximately $64,604,542.
– **Alyeska Investment Group, L.P.**: Removed 10,399,126 shares (-86.5%) in Q1 2025, valued at around $60,938,878.
– **Soros Fund Management LLC**: Added 3,513,688 shares (+209.7%) in Q1 2025, valued at about $20,590,211.
– **Dimensional Fund Advisors LP**: Added 3,320,895 shares (+50.2%) in Q1 2025, valued at approximately $19,460,444.
– **Robeco Schweiz AG**: Removed 3,117,100 shares (-100.0%) in Q4 2024, valued at around $28,833,175.

### Analyst Ratings
Wall Street analysts have recently issued reports on $RUN, with three firms providing buy ratings and one issuing a sell rating. Recent ratings include:

– **BMO Capital**: “Underperform” rating on 05/22/2025.
– **UBS**: “Buy” rating on 05/14/2025.
– **Exane BNP Paribas**: “Outperform” rating on 01/07/2025.
– **Cowen & Co.**: “Buy” rating on 12/19/2024.

### Price Targets
Several analysts have set price targets for $RUN in the last six months, with a median target of $13.0. Recent targets include:

– **Maheep Mandloi (Mizuho Securities)**: Target price of $13.0 on 06/02/2025.
– **Ameet Thakkar (BMO Capital)**: Target price of $4.0 on 05/22/2025.
– **Jon Windham (UBS)**: Target price of $17.0 on 05/14/2025.
– **Jordan Levy (Truist Financial)**: Target price of $6.0 on 04/16/2025.

### About Sunrun
Sunrun Inc. (Nasdaq: RUN), established in 2007, has transformed the solar industry by eliminating financial barriers and making renewable energy accessible. Today, it is the leading provider of clean energy as a subscription service, offering residential solar and storage solutions with no upfront costs. Sunrun’s innovative products connect homes to clean energy, ensuring energy security, predictability, and peace of mind. The company also manages energy services that benefit communities, utilities, and the electric grid, enhancing customer value. For more information, visit [www.sunrun.com](http://www.sunrun.com).

### Media Contact
Wyatt Semanek
Director, Corporate Communications
[wyatt@sunrun.com](mailto:wyatt@sunrun.com)

### Investor & Analyst Contact
Patrick Jobin
SVP, Deputy CFO & Investor Relations Officer
[patrick@sunrun.com](mailto:patrick@sunrun.com)

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