So­lar firm plans ini­tial of­fer­ing

Los Angeles Times - - COMPANY TOWN -

Sun­run Inc., a so­lar power com­pany, f iled plans for an ini­tial public of­fer­ing.

The San Fran­cisco com­pany, which was founded in 2007, said it has about 79,000 cus­tomers. Sun­run leases so­lar pan­els to home­own­ers, and the com­pany will in­stall and main­tain them.

Sun­run said it ex­pects to raise as much as $ 100 mil­lion.

The com­pany said it had rev­enue of $ 198.6 mil­lion last year, more than triple its 2013 rev­enue. It re­ported a loss of $ 75.9 mil­lion last year af­ter los­ing $ 4.3 mil­lion in 2013.

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