Solar firm plans initial offering
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.