ADVFN - Advanced Financial Network.
HOME» NYSE » U » USB Stock Price » USB Stock News

Us Bancorp Share News

 U.s. Bancorp (de) Stock Price
USB Stock Price
 U.s. Bancorp (de) Stock Chart
USB Stock Chart
 U.s. Bancorp (de) Stock News
USB Stock News
 U.s. Bancorp (de) Company Information
USB Company Information
 U.s. Bancorp (de) Stock Trades
USB Stock Trades

Solar Developer Sunrun Raises $60 Million

By Cassandra Sweet Of DOW JONES NEWSWIRES SAN FRANCISCO -(Dow Jones)- U.S. rooftop solar-power developer Sunrun Inc. said Wednesday it has raised $60 million in venture capital funding. Madrone Capital Partners led the funding round, which included Accel Partners, Sequoia Capital and Foundation Capital. It comes on top of $85 million in earlier venture capital investment in Sunrun. The financing will help the San Francisco company expand its residential rooftop solar-panel development business. Sunrun buys and maintains solar-panel systems that installers place on homeowners' rooftops, and handles the long-term contracts that homeowners sign to buy the electricity from the system. The contracts are generally priced lower than what customers pay their utilities. Sunrun, which has more than 20,000 customers, handles the net-metering agreements with utilities and arranges the financing for the solar-panel systems. Developing and owning solar-panel systems have become far more profitable than making the equipment. Such investments can bring attractive returns, thanks to federal and state subsidies, such as tax credits and payments from utilities, while solar-panel prices have plunged over the last two years, cutting development costs. "Madrone has high confidence in Sunrun, its management team, and its plan for scaling the processes and technologies needed to take affordable solar mainstream," Madrone General Partner Jamie McJunkin said in a statement. Sunrun bundles the solar-panel systems and sells them to investors, such as U.S. Bancorp (USB). A unit of the bank established a $150 million fund last month to invest in between 3,500 and 4,000 solar-panel systems developed by Sunrun, in the sixth such deal between the bank and the solar firm. Rooftop solar projects have an advantage over large solar farms because they compete against retail electricity prices that utilities charge their customers. Those prices tend to be much higher than wholesale power prices that utilities pay for electricity from solar farms and other power plants. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468;

Stock News for Us Bancorp (USB)
12/02/201614:56:00U.S. Bancorp to Speak at the Goldman Sachs US Financial Services...
12/02/201609:07:00U.S. Bank Named a Best Brand for Business
11/30/201616:00:00U.S. Bancorp to Release Fourth Quarter Earnings Results and Host...
11/29/201617:04:00U.S. Bancorp to Speak at the Goldman Sachs US Financial Services...
11/18/201609:00:00Elavon, System Innovators Team Up to Protect Government Payment...
11/17/201616:17:47Statement of Changes in Beneficial Ownership (4)
11/17/201616:17:22Statement of Changes in Beneficial Ownership (4)
11/16/201616:36:58Statement of Changes in Beneficial Ownership (4)
11/15/201616:29:14Statement of Changes in Beneficial Ownership (4)
11/14/201617:11:14Statement of Changes in Beneficial Ownership (4)
11/14/201617:06:46Statement of Changes in Beneficial Ownership (4)
11/10/201605:00:00U.S. Bank AP Optimizer Named 2016 New Product of the Year for...
11/09/201616:19:03Statement of Changes in Beneficial Ownership (4)
11/09/201616:00:00U.S. Bancorp to Speak at the Bank of America Merrill Lynch Future...
11/04/201616:18:22Statement of Changes in Beneficial Ownership (4)
11/04/201613:07:56Quarterly Report (10-q)
11/04/201611:39:06Form 13f Holdings Report (13f-hr)
11/04/201607:47:17Current Report Filing (8-k)
11/01/201616:35:54Statement of Changes in Beneficial Ownership (4)
11/01/201616:33:19Statement of Changes in Beneficial Ownership (4)

Us Bancorp and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations