SunRun Inc.
0.0 %
-34.22 %
Yet to be announced
Company Overview
Sunrun Inc. is a leading provider of residential solar, battery storage, and energy services in the United States. The company designs, develops, installs, sells, owns, and maintains residential solar energy systems. It offers solar service offerings through direct-to-consumer and solar partnerships. The company primarily sells its products and services through its retail channel and network of partner channels.
Revenue Sources
Based on review of Sunrun's financial statements and business model, the company's primary revenue streams come from the sale, installation, and maintenance of solar energy systems, which are halal activities. The company does not derive material revenue from prohibited activities such as gambling, alcohol, tobacco, or other haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $537.17m | $880.57m | - | $215.62m | 0.00% | 24.49% |
| June 30, 2024 | $523.87m | $859.12m | - | $207.21m | 0.00% | 24.12% |
| March 31, 2024 | $458.19m | $641.31m | - | - | 0.00% | 0.00% |
| Dec. 31, 2023 | $516.59m | $714.12m | - | - | 0.00% | 0.00% |
Looking at the most recent four quarters of financial data, the company's interest expense to total expense ratios show material reliance on interest-bearing debt. For Q3 and Q2 2024, interest expenses were approximately 24.5% and 24.1% of total expenses respectively. Even without complete interest expense data for Q1 2024 and Q4 2023, the existing quarters show interest expenses consistently above the 5% threshold.
Operational Ethics
Based on available information from SEC filings and company reports, there is no evidence of material ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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