Sunrun, the nation's leading provider of clean energy as a subscription service, has priced a $431 million senior securitization of residential solar systems. The securitization is Sunrun's fourteenth public securitization since 2015 and third issuance in 2025. The transaction includes two classes of A-rated notes and a single class of BB-rated notes, with a coupon of 6.15%. The notes are backed by a diversified portfolio of 63,318 systems across 12 states and Washington D.C.
Sunrun, a leading provider of residential solar leasing services, has priced a $431 million senior securitization of residential solar systems. This is the company's fourteenth public securitization since 2015 and its third issuance in 2025. The transaction includes two classes of A-rated notes and one class of BB-rated notes, with a coupon of 6.15%. The notes are backed by a diversified portfolio of 63,318 systems across 12 states and Washington D.C. [1]
The securitization supports Sunrun's growth strategy, enabling it to finance the installation of more solar systems and expand its customer base. The company's ability to securitize its solar assets demonstrates the strong demand for residential solar leasing and the confidence investors have in the sector. [2]
Sunrun's senior securitization follows the company's recent success in the renewable energy sector. In June 2025, Sunrun's stock price target was upgraded to $21, driven by the extension of the Investment Tax Credit for solar leases through 2030. This policy change has significantly boosted Sunrun's valuation and provided the company with a strong financial foundation for growth. [1]
Looking ahead, Sunrun's continued focus on innovation and customer satisfaction will be key to maintaining its leadership position in the residential solar market. The company's comprehensive warranty and flexible financing options, such as solar leases and loans, make it an attractive choice for homeowners seeking to transition to clean energy. [2]
References:
[1] https://www.gurufocus.com/news/2976358/sunrun-run-gains-as-obbb-boosts-residential-solar-leasing
[2] https://modernize.com/solar/best-solar-companies/sunrun-review
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