Sunrun Inc. filed a Form S-1 with the Securities and Exchange Commission (SEC) for its initial public offering (IPO). There were no terms given in the filing but the offering is valued up to $100 million. The company will list on the NASDAQ Stock Market under the symbol RUN.
The underwriters for the offering are Credit Suisse, Goldman Sachs, Merrill Lynch, KeyBanc Capital Markets, Morgan Stanley, RBC, and SunTrust.
Sunrun provides solar energy to homeowners at a savings to traditional utility energy. After inventing the residential solar service model and recognizing its enormous market potential, the company built out the infrastructure and capabilities necessary to rapidly acquire and serve customers in a low-cost and scalable manner.
In the filing the company detailed its plan:
With our solar service offerings, we install solar energy systems on our customers’ homes and sell them the solar power produced by those systems for a 20-year initial…
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