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Stock impact report

Sunrun (RUN) Forms Joint Venture with HA Sustainable Infrastructure [Yahoo! Finance]

Sunrun Inc. (RUN) 
NASDAQ:AMEX Investor Relations: investors.sunrun.com/investor-overview
Company Research Source: Yahoo! Finance
Sunrun Inc. (NASDAQ:RUN) is America's leading provider of clean energy as a subscription service, offering residential solar and energy storage with no upfront costs. Sunrun Inc. (NASDAQ:RUN) received a boost on January 6 when it announced it had closed a joint venture agreement with HA Sustainable Infrastructure to finance distributed energy assets across the United States. Under the agreement, HASI will invest up to $500 million into the JV over a period of 18 months, with aims to finance over 300 MW of capacity across over 40,000 home power plants in the country. The structured equity investment will allow HASI to monetize part of the long-term customer cash flows generated by the underlying assets, while Sunrun will be able to retain significant long-term ownership and enjoy greater flexibility with its senior project debt. Danny Abajian, CFO of Sunrun Inc. (NASDAQ:RUN), stated: “This innovative financing structure with HASI is a first-of-a-kind for residential storage and Show less Read more
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