Sunrun is trading 4.04% up at $8.88 after announcing that its battery fleet, together with Tesla, dispatched more than 580 megawatts to California’s grid during a September 9 heat wave.
- The companies described it as the largest residential distributed-power-plant event in history, supporting Monday’s rally.
- The announcement is offsetting recent dilution concerns related to Sunrun’s $100 million convertible preferred-share and warrant private placement.