Sunrun Inc., the largest U.S. provider of home solar and battery storage, has priced a $267 million securitization of leases and power purchase agreements. This marks Sunrun's seventeenth securitization since 2015 and second in 2026, reflecting strong investor confidence with Class A notes priced at a 200 basis point credit spread. The notes are backed by a diversified portfolio of nearly 37,600 systems across 13 states, with a high average customer credit score of 756. The transaction is expected to close by the end of August, supporting Sunrun's ongoing financing and growth in residential solar and storage markets.
Solar stocks including Enphase Energy, First Solar, and Sunrun dropped between 4% to 5% following the Federal Reserve's recent interest rate hike, which raised borrowing costs. Enphase Energy, reliant on residential solar financing, is particularly a...
Solar stocks surged Thursday with Sunrun and First Solar leading gains at 6%, followed by SolarEdge rising 4%. This rally occurred without any new earnings, analyst upgrades, or policy changes, indicating a sector-wide rebound rather than company-spe...
