Sunrun (RUN - Free Report) closed the most recent trading day at $7.58, moving -1.62% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.52%. On the other hand, the Dow registered a loss of 1.24%, and the technology-centric Nasdaq decreased by 0.21%.
Prior to today's trading, shares of the solar energy products distributor had lost 1.03% lagged the Oils-Energy sector's gain of 5.63% and was narrower than the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of Sunrun in its upcoming release. The company plans to announce its earnings on November 4, 2026. The company is forecasted to report an EPS of $0.26, showcasing a 333.33% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $804.1 million, up 10.98% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.46 per share and a revenue of $3.22 billion, representing changes of -14.62% and +8.95%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sunrun. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 22.87% upward. Sunrun is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Sunrun is presently trading at a Forward P/E ratio of 5.28. This expresses a discount compared to the average Forward P/E of 13.12 of its industry.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 211, putting it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Solar stocks are staging a sharp reversal after a brutal selloff, with the sector's most battered name surging far ahead of its peers. Whether this bounce signals a true turning point or just a brief reprieve depends on answers the…
Solar stocks are clawing back ground after a heavy selloff, and the group’s hardest-hit name is leading the way. Sunrun (NASDAQ:RUN) stock is at $7.59, up 10% in afternoon trading, recovering part of its slide to a fresh 52-week low.
Meanwhile, SolarEdge Technologies (NASDAQ:SEDG | SEDG Price Prediction) stock is at $32.56, up 5%, a smaller climb than Sunrun stock’s. Enphase Energy (NASDAQ:ENPH) stock is at $32.02, also up 5% and moving nearly in step with SolarEdge stock.
Fund-level gains are more smaller. The Invesco Solar ETF (NYSEARCA:TAN) is at $41.81, up 1%. At the same time, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is at $768.51, up 0.3%, leaving solar ahead of the wider index.
Sunrun Rebounds From a Fresh Low
Monday’s session sent Sunrun stock to its lowest price of the past year, a larger drop than its solar peers suffered, and this bounce reverses part of that slide alongside a rebound across the solar group.
Sunrun’s operating backdrop has grown tougher. The company trimmed its full-year 2026 outlook, lowering its Aggregate Subscriber Value range to $4.6 billion to $4.9 billion and its Cash Generation target to $200 million to $375 million. Management cited softer affiliate channel volumes, a slower-than-expected direct sales ramp and its slightly higher capital costs.
Volume data from Q2 2026 shows where Sunrun is struggling. Its subscriber additions fell 31% year over year to 19,793, even as its storage attachment rate hit a record 74%.
Storage and Data Centers Anchor the Bull Case
Sunrun describes itself as America’s largest provider of home battery storage, and it’s testing a distributed data center program that places computing nodes in customer homes. Mary Powell, Sunrun’s chief executive at the time of its Q2 results, laid out how that network could produce new cash:
We are positioning the business for strong growth, bringing on some of the best talent in the industry and scaling deliberately, with a focus on customer experience and asset quality. And as that engine scales, we’re aiming to unlock new ways to monetize the network we’ve already built, from distributed power plant programs to emerging data center and grid edge applications, creating new streams of Cash Generation.
Optimism around Sunrun rests on that monetization story and a stock starting from a deeply depressed level. Equal weight belongs to the downside argument, since Sunrun has lowered its guidance, its subscriber additions are shrinking and its higher capital costs hit its lease-financed model directly.
Lease Financing Sets Sunrun Apart
Financing is central to Sunrun’s business. The company installs home solar and battery systems largely under long-term leases it finances, so its economics hinge on borrowing costs and homeowner demand. Enphase Energy sells microinverters and SolarEdge sells inverters and power optimizers, which ties Enphase Energy shares and SolarEdge shares more closely to equipment demand.
Sunrun stock is rising harder than SolarEdge stock, Enphase Energy stock and the Invesco Solar ETF, which fits a stock bouncing from a fresh low after leading the latest decline. The TAN ETF’s smaller gain shows the sharpest buying sits in individual names, with Sunrun shares out front.
Sunrun’s Sales-Force Ramp Takes Center Stage
The next test for Sunrun is whether its upcoming quarterly report shows its expanded sales force reaching full productivity. Management expects the larger team to help the company exit 2026 at a robust growth rate with higher unit margins, while a shortfall could weigh on Sunrun shares.
For SolarEdge and Enphase Energy, the open variable is the pace of equipment demand. Sunrun stock’s rebound from a fresh low could offer upside, so investors leaning bullish should stay measured until the guidance questions clear. Shareholders can leave room to add to their positions once the Sunrun sales-force ramp resolves.
Contact [email protected] for any questions or corrections.
In the latest trading session, Sunrun (RUN - Free Report) closed at $6.89, marking a -5.62% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.41%. Elsewhere, the Dow saw a downswing of 0.07%, while the tech-heavy Nasdaq appreciated by 1.11%.
Heading into today, shares of the solar energy products distributor had lost 14.42% over the past month, lagging the Oils-Energy sector's gain of 4.85% and the S&P 500's gain of 1.46%.
The investment community will be closely monitoring the performance of Sunrun in its forthcoming earnings report. The company is scheduled to release its earnings on November 4, 2026. On that day, Sunrun is projected to report earnings of $0.26 per share, which would represent year-over-year growth of 333.33%. Meanwhile, the latest consensus estimate predicts the revenue to be $795.86 million, indicating a 9.84% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.46 per share and a revenue of $3.22 billion, representing changes of -14.62% and +8.95%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Sunrun. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 22.87% higher. Sunrun currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Sunrun currently has a Forward P/E ratio of 5.01. For comparison, its industry has an average Forward P/E of 12.97, which means Sunrun is trading at a discount to the group.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 212, which puts it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RUN in the coming trading sessions, be sure to utilize Zacks.com.
Selling in solar names is concentrating on Sunrun (NASDAQ:RUN), the home solar and battery provider that's falling harder than the rest of its sector. Sunrun stock is at $6.93, down 5% this afternoon after touching $6.
The residential solar industry continues to offer investment opportunities as demand for renewable electricity, battery storage and energy independence expands. Increasing electricity consumption from data centers and other energy-intensive applications is also creating opportunities for solar companies to diversify into commercial energy solutions. Zeo Energy Corp. (ZEO - Free Report) and Sunrun Inc. (RUN - Free Report) are pursuing these opportunities through different business models and growth strategies.
While Zeo Energy is focusing on expanding residential installations, improving operating efficiency and developing commercial long-duration energy storage solutions, Sunrun is leveraging its extensive customer network, growing battery installations and distributed power plant capabilities. Both companies have demonstrated encouraging operational developments in 2026, although differences in financial strength, profitability and commercial execution could influence their longer-term investment appeal.
Let us examine the investment cases for ZEO and RUN to determine which solar stock appears better-positioned for growth.
The Case for ZEOImproving Residential Solar Momentum Supports Growth: Zeo Energy's residential solar business demonstrated improving momentum during the first half of 2026 despite challenging industry conditions. Revenues increased 9.2% year over year to $29.4 million from $26.9 million, supported by higher solar system installations. Although second-quarter revenues declined 10.7% year over year to $16.2 million, they improved approximately 23% sequentially from the first quarter.
Management highlighted this resilience amid a roughly 40% decline in residential solar permits during the first five months of 2026. Sustained installation demand and improving market conditions could support further revenue growth through the remainder of 2026 and into 2027.
Cost Optimization Strengthens Operating Efficiency: Zeo Energy's ongoing cost-reduction initiatives are improving its contribution profitability and narrowing overall losses. Second-quarter 2026 contribution profit increased to $3.4 million from $2.7 million a year earlier, while the contribution margin expanded to 21.1% from 15.1%.
For the first six months, contribution profit improved to $5.7 million from approximately breakeven in the prior-year period. Operating expenses declined 14.2% to $37.1 million, helping reduce the first-half net loss to $7.4 million from $16 million. Management's initiatives involving field-office centralization, labor productivity and operational improvements could support cost efficiencies as installation volumes recover.
Commercial Energy Expansion Offers Diversification: Zeo Energy's expansion into commercial energy through Heliogen provides an opportunity to participate in long-duration energy generation and storage markets. Following the acquisition of Heliogen in August 2025, the company has been evaluating projects designed to provide behind-the-meter power for data centers and other energy-intensive applications.
Heliogen's concentrated solar power and long-duration energy storage technologies could broaden Zeo's addressable market beyond residential installations. Although the Heliogen segment generated no revenue during the second quarter of 2026, successful commercialization of these technologies could establish additional revenue streams and strengthen the company's long-term growth potential.
Improving Financing Access Could Support Installation Growth: Zeo Energy is benefiting from signs of normalization in residential solar financing markets. In 2026, its principal financing partner closed multiple tax equity funds, improving the availability of capital to support solar installations. The company has also strengthened its relationship with this partner to expand funding capacity and facilitate higher installation volumes.
Improved access to third-party financing could help Zeo capitalize on recovering residential solar demand through the second half of 2026 and into 2027. However, sustained growth will depend on favorable financing conditions and the company's ability to convert additional funding capacity into completed installations.
The Case for RUNExpanding Revenue Base Supports Business Momentum: Sunrun demonstrated substantial revenue growth during the second quarter of 2026, reflecting the expansion of its residential energy platform. Total revenues increased approximately 53% year over year to $870 million from $569.3 million. Customer agreements and incentives revenues rose 19% to $543.7 million, supported by additional systems entering service, while energy systems and product sales increased to $326.3 million from $111.3 million, primarily reflecting changes in asset monetization arrangements.
Operating income improved to $34.8 million from an operating loss of $112.2 million a year earlier. The company's growing customer base and long-term subscription agreements provide a foundation for recurring revenues and earnings opportunities.
Battery Storage Adoption Strengthens Growth Prospects: Sunrun's expanding battery storage operations represent an important competitive advantage. In the second quarter of 2026, the company achieved a record 74% storage attachment rate and installed more than 15,500 battery systems. By June 30, 2026, Sunrun had deployed more than 266,000 solar-plus-storage systems, representing 4.6 gigawatt-hours of networked storage capacity, up 43% year over year.
With more than 1.2 million customers and approximately $2 billion in annual recurring revenues, Sunrun has opportunities to cross-sell storage products to its existing customer base. Rising demand for backup power and energy resilience could support continued battery adoption and higher customer lifetime value.
Distributed Power Plants Unlock Additional Revenue Streams: Sunrun's distributed power plant operations offer an opportunity to monetize its expanding network of residential energy assets. As of June 30, 2026, more than 121,000 customers were enrolled in grid services programs across 18 active programs. The company delivered approximately 706 megawatts of power through dispatches over the preceding 12 months.
Management expects distributed power plant operations to generate $40 million in GAAP gross revenues and more than $10 million in operating margin during 2026. Sunrun is targeting more than 10 gigawatt-hours of dispatchable capacity by the end of 2028. Expanding utility partnerships and grid services participation could strengthen recurring revenues and improve returns on existing energy assets.
Direct Sales Strategy Offers Margin Expansion Opportunities: Sunrun's increasing emphasis on its direct sales channel could support stronger unit economics and greater operational control. During the second quarter of 2026, direct installation volumes increased more than 20% sequentially, while monthly direct sales growth exceeded 10% year over year in June and July.
Management expects direct-channel installations to grow more than 10% year over year during the second half of 2026, with direct operations accounting for more than 85% of annual origination volumes. Although the transition involves higher upfront spending and reduced affiliate volumes, the company's focus on customer acquisition quality, improved credit profiles and higher-margin direct sales could support more sustainable profitability.
Positive Cash Generation Supports Financial Flexibility: Sunrun's cash generation and financing activities provide support for its continuing expansion. The company generated $23 million in cash during the second quarter of 2026, or $45 million excluding $22 million of equipment safe-harbor investments, based on its non-GAAP cash generation measure.
Management expects full-year cash generation of $200-$375 million, excluding $50-$100 million in safe-harbor investments. Sunrun also secured $1.5 billion in nonrecourse asset-level debt financing during the first half of 2026. At the end of June, the company had approximately $712 million in unrestricted cash and more than $840 million in unused warehouse loan commitments. These resources could support additional installations and capital deployment, although financing costs remain an important consideration.
AI-Driven Energy Opportunities Enhance Long-Term Potential: Sunrun is exploring additional commercial applications for its residential energy infrastructure amid increasing electricity demand from artificial intelligence and data centers. In June 2026, the company announced a framework with Renew Home and Tesla to make more than 16 gigawatts of home energy resources available to hyperscale customers.
In July, Sunrun also introduced a distributed AI computing pilot designed to explore the use of its residential network for edge computing. These initiatives could create monetization opportunities beyond traditional residential electricity services. Successful implementation could strengthen returns on Sunrun's existing energy infrastructure without requiring proportionate investment in customer acquisition.
ZEO vs. RUN: Which Stock Has the Edge?Both Zeo Energy and Sunrun offer exposure to the expanding residential solar and energy storage markets, but their investment profiles differ considerably.
Zeo Energy's appeal lies in its improving residential solar momentum, contribution margin expansion and potential diversification into commercial long-duration energy storage. Its first-half revenue growth and narrower net losses indicate progress in operational restructuring.
However, the second-quarter gross margin fell to 47.1% from 59.8%, while adjusted EBITDA deteriorated to a $2.1 million loss from a $1.6 million profit. Cash balances also declined to $2.5 million as of June 30, 2026, from $6.1 million at the end of 2025. These developments highlight the importance of sustained cost control, additional financing and successful commercial execution.
Sunrun, meanwhile, benefits from a substantially larger operating platform, expanding storage deployment and an established recurring-revenue model. Its second-quarter revenue growth, positive cash generation and expanding distributed power plant operations provide multiple avenues for long-term growth.
However, the company reduced its 2026 cash generation guidance from $250-$450 million to $200-$375 million, reflecting weaker affiliate volumes, slower direct-channel ramp-up and higher capital costs. Its substantial debt obligations and sensitivity to financing conditions also warrant consideration.
Sunrun appears better positioned based on its operating fundamentals and growth visibility. Its established customer network, growing battery storage portfolio, expanding grid services revenues and greater financing capacity provide more tangible growth opportunities than Zeo Energy's relatively early-stage commercial diversification strategy. Zeo, nevertheless, offers upside if its residential solar recovery strengthens and its commercial energy initiatives begin generating meaningful revenues.
Home batteries set a new record of 745 megawatts delivered during a distributed power plant event, proving home batteries rival the capacity of large power plants | Source: Sunrun Inc.
SAN FRANCISCO, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), America’s largest provider of home battery storage, solar, and home-to-grid power plants, announced today that consecutive records were set for the largest residential distributed power plant dispatches in U.S. history, delivering 669 megawatts on October 5 and a record-breaking 745 megawatts on October 6 to support California’s electricity grid during a prolonged heat wave.
At the request of the California Energy Commission and utilities, Sunrun and Tesla discharged home batteries to the grid during multi-hour evening peak periods. The battery dispatches supported the power grid as the state faced elevated demand for electricity by increasing the grid’s operating margin and putting downward pressure on real-time energy prices.
Oct. 5 Dispatch Event
The companies’ combined residential batteries delivered 669 megawatts of peak power to California’s statewide grid during the evening dispatch. The event also marked the first time this year that California’s Demand Side Grid Support (DSGS) program and the Emergency Load Reduction Program (ELRP) called for concurrent dispatches across all participating investor-owned utility service territories.
Oct. 6 Dispatch Event
The following evening, the companies surpassed their previous record, delivering 745 megawatts of peak power to California’s grid. That capacity was enough to power all households in San Francisco and San Jose combined during peak hours. On both evenings, the DSGS dispatches were triggered after the California Independent System Operator’s day-ahead locational marginal electricity price exceeded $200 per megawatt-hour.
“These record-setting events prove that the energy infrastructure already installed in people’s homes can deliver power at a scale that makes a real difference for the grid,” said Sunrun CEO Mary Powell. “Instead of relying solely on costly new power plants to meet peak demand, California is putting existing home battery infrastructure to work when electricity is needed most, and customers are being compensated for helping strengthen grid reliability.”
History of Record-Setting Dispatches
The October 5 and 6 dispatches demonstrate the growing scale of residential batteries as a grid resource, surpassing the previous residential distributed power plant record of 580 megawatts, set on September 9, 2026. That event broke the previous record of 539 megawatts, delivered in July 2025.
July 29, 2025: 539 MWSept. 9, 2026: 580 MWOct. 5, 2026: 669 MWOct. 6, 2026: 745 MW These dispatches reinforce the potential for utilities and hyperscalers to meet peak demand through home batteries, solar, and smart thermostats. Sunrun alone has more than 120,000 residential batteries enrolled to support California’s grid.
Last month, Sunrun, Tesla, and Everyday Electric (formerly Renew Home) announced plans to enroll nearly 21,000 existing flexible energy devices in a new Google-funded distributed power plant with PG&E. Focused on the San Jose area, the initiative will test how distributed energy resources can provide localized grid relief and help meet rising electricity demand. The distributed power plant is expected to begin initial dispatching this month.
Together, these efforts demonstrate how distributed energy resources can create new value for customers while helping utilities manage peak demand and make better use of existing grid infrastructure.
About Sunrun
Sunrun Inc. (Nasdaq: RUN) is America’s largest provider of home battery storage, solar, and home-to-grid power plants. As the pioneer of home energy systems offered through a no-upfront-cost subscription model, Sunrun empowers customers nationwide with greater energy control, security, and independence. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lowers energy costs. Learn more at www.sunrun.com.
Media Contact
Wyatt Semanek
Sr. Director, Corporate Communications [email protected]
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the future performance and capacity of Sunrun’s distributed power plants; the anticipated benefits of distributed power plants for customers and the grid; the expected timing of initial dispatches from the Google-funded distributed power plant with PG&E; and the initiative with Tesla and Everyday Electric to provide flexible capacity to utilities and hyperscalers, which is subject to a non-binding letter of intent. Words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “target,” “project,” “potential,” “will,” “may,” “could,” and similar expressions identify forward-looking statements. These statements are not guarantees of future performance; they reflect Sunrun’s current views with respect to future events and are based on assumptions and estimates and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from expectations or results projected or implied by forward-looking statements.
These risks and uncertainties include: Sunrun’s ability to enroll, retain, coordinate, and dispatch customers and batteries through its distributed power plants and related grid services programs; battery availability and performance, dispatch conditions, and the timing, frequency, duration, and need for dispatches during periods of peak demand, heat waves, and other grid events; changes to the requirements or availability of the California Energy Commission’s Demand Side Grid Support program, the California Public Utilities Commission’s Emergency Load Reduction Program, and other utility and grid operator programs; Sunrun’s ability to maintain relationships with its partners and to enter into definitive agreements; and other risks described under the caption “Risk Factors” in Sunrun’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, subsequent Quarterly Reports on Form 10-Q, and other reports filed with the U.S. Securities and Exchange Commission. All forward-looking statements used herein are based on information available to Sunrun as of the date hereof, and Sunrun assumes no obligation to update publicly these forward-looking statements for any reason, except as required by law.
Several efforts to contain surging energy bills in California recently crossed the finish line in moves that stand to benefit Tesla (TSLA), Sunrun (RUN), Enphase (ENPH), and Alphabet (GOOGL) spinoff Renew Home, analysts say.
Gov. Gavin Newsom signed Senate Bills 905 and 913 — both from state Sen. Josh Becker — on Sept. 30. The new laws make way "for networks of community clean energy to become a bigger part of our power mix," said Laura Deehan, state director at the policy group Environment California, which backed the bills.
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Such networks, known as virtual power plants in industry jargon, weave together idle electric car batteries, home battery systems, smart thermostats, and residential solar with the grid. VPPs use software to add up scattered energy storage; they can cushion spikes in demand, ward off peak fees, and create new ways for folks to earn cash from energy they store or generate.
SB 913 directs the California Public Utilities Commission and the California Independent System Operator to figure out how to integrate with home battery energy storage systems. The point is to pay residents and aggregators to send energy back to the grid when gas-fired peaker plants normally kick in.
SB 905 directs the CPUC to make utilities measure where existing grids can host more energy. It clears the way for regulators to later incentivize utilities to embrace lower-cost technologies such as VPPs over standard grid upgrades, wrote Canary Media. It also orders the CPUC to consider cutting the profits utilities can reap from lower-risk investments, like burying power lines.
"With these bills, VPPs can be built that don't require any action in the state budget," said Brad Heavner, executive director of the California Solar & Storage Association. "The utilities will be buying power from networks of batteries and heat pumps instead of power plants and long-distance power lines."
Newsom also signed SB 868, from state Sen. Scott Wiener, enabling Californians to use portable, plug-in solar panels to cut their energy bills. Utah and eight other states beat California to legalizing so-called balcony solar. New York could follow if Gov. Kathy Hochul signs a similar bill.
These Clean Energy Players Benefit
"VPPs are already becoming a viable method of shielding households from energy price rises," said Pete Tillotson, a senior analyst at Benchmark Minerals. "Enabling more residential capacity and crucially incentivizing its use as an asset will be critical in (VPP) development."
The likely beneficiaries of the new regulations include battery makers Tesla and Enphase, plus installers such as OC Solar, said Tillotson. He also sees upside for companies that lease solar systems and VPP software makers such as Renew Home.
"Sunrun will likely be the big beneficiary," said BloombergNEF analyst Cosmo van Steenis. "They already operate a VPP in California called CalReady and are launching another with Google, Tesla and PG&E." He added, "Batteries have already led to higher margins for the company, even amidst a rocky time for the residential solar industry, so more revenue streams in their largest market will likely help Sunrun."
Tesla Stock And The EV Angle
Tesla has been talking about linking EVs, home battery systems, and the grid for years now. The automaker expanded support for vehicle-to-home charging — "to power your home during power outages" — to its mass-market Model 3 and Model Y vehicles in October. While Tesla makes most of its money selling cars, its higher-margin energy business is posting stronger growth. Still, Tesla stock has shed more than 16% of its value in 2027. It's due to report Q2 earnings on Oct. 21.
Another automaker, GM (GM), said in June that it will make bi-directional charging standard. Doing so enables stored energy to flow from its plugged-in EVs during peak demand.
The broader push into electrics — which are effectively battery systems on wheels — comes as AI energy consumption and grid upgrades hammer ratepayers in some parts of the U.S., while the diesel squeeze hikes home heating bills in others. EV demand plunged in the states with the early end of tax incentives last year. Yet, hybrid and EV sales are rising again with gas prices as the U.S.-Israeli war on Iran squeezes global fuel supplies.
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Sunrun (RUN - Free Report) closed at $7.79 in the latest trading session, marking a +2.64% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.02% for the day. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.15%.
Prior to today's trading, shares of the solar energy products distributor had lost 8.88% lagged the Oils-Energy sector's gain of 3.04% and the S&P 500's gain of 2.05%.
The upcoming earnings release of Sunrun will be of great interest to investors. The company's earnings report is expected on November 4, 2026. The company's earnings per share (EPS) are projected to be $0.12, reflecting a 100% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $795.86 million, up 9.84% from the year-ago period.
RUN's full-year Zacks Consensus Estimates are calling for earnings of $1.16 per share and revenue of $3.22 billion. These results would represent year-over-year changes of -32.16% and +8.9%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Sunrun. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.28% lower. Currently, Sunrun is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Sunrun currently has a Forward P/E ratio of 6.57. This valuation marks a discount compared to its industry average Forward P/E of 13.3.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 214, positioning it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Sunrun Inc. (NASDAQ:RUN – Get Free Report) CAO Maria Barak sold 1,771 shares of the stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $7.77, for a total transaction of $13,760.67. Following the transaction, the chief accounting officer owned 88,262 shares in the company, valued at $685,795.74. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Maria Barak also recently made the following trade(s):
On Thursday, July 9th, Maria Barak sold 3,278 shares of Sunrun stock. The stock was sold at an average price of $12.17, for a total transaction of $39,893.26. Sunrun Price Performance Shares of Sunrun stock opened at $7.61 on Thursday. Sunrun Inc. has a 52-week low of $7.42 and a 52-week high of $22.44. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 5.14 and a beta of 2.44. The company has a fifty day moving average of $8.93 and a 200-day moving average of $11.59. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42.
Sunrun (NASDAQ:RUN – Get Free Report) last released its earnings results on Wednesday, August 5th. The energy company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.23 by $0.19. The company had revenue of $869.99 million for the quarter, compared to analyst estimates of $746.87 million. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The firm’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 EPS. Equities research analysts expect that Sunrun Inc. will post 1.19 EPS for the current year. Sunrun News Roundup Here are the key news stories impacting Sunrun this week:
Positive Sentiment: Sunrun’s third-quarter 2026 earnings release is scheduled for after the market closes on November 4, followed by a conference call at 4:30 p.m. ET. The event gives investors a near-term catalyst and an opportunity to assess operating performance, liquidity and outlook. Sunrun Announces Date for Third Quarter 2026 Earnings Report Neutral Sentiment: Sunrun recently gained 2.1% in a prior session, but the stock remains well below its 50-day and 200-day moving averages and is close to its 52-week low, signaling continued investor caution. Sunrun Exceeds Market Returns: Some Facts to Consider Negative Sentiment: Several executives reported stock sales dated October 6, including CEO Mary Powell, CFO Danny Abajian, CAO Maria Barak, CRO Paul Dickson and insider Jeanna Steele. The transactions totaled roughly 68,700 shares, but all were described as sales to satisfy tax obligations from equity vesting. The volume of insider selling may weigh on sentiment, even though it does not necessarily represent discretionary bearish trading. Sunrun CEO Insider Filing Sunrun CFO Insider Filing Negative Sentiment: Sunrun previously set a new one-year low, reinforcing concerns about weak momentum and heightened volatility. The stock’s elevated beta and leverage could amplify reactions to the upcoming earnings report. Sunrun Sets New 1-Year Low Institutional Inflows and Outflows A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Sunrun by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock valued at $88,375,000 after purchasing an additional 165,196 shares during the last quarter. Contour Asset Management LLC bought a new stake in shares of Sunrun in the 4th quarter worth approximately $98,010,000. Maple Rock Capital Partners Inc. grew its position in shares of Sunrun by 23.1% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 3,694,548 shares of the energy company’s stock worth $49,433,000 after buying an additional 692,448 shares during the last quarter. Amundi grew its position in shares of Sunrun by 3.9% in the 2nd quarter. Amundi now owns 3,428,504 shares of the energy company’s stock worth $45,845,000 after buying an additional 127,878 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Sunrun during the second quarter valued at approximately $29,953,000. Hedge funds and other institutional investors own 91.69% of the company’s stock.
Wall Street Analyst Weigh In RUN has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price target on Sunrun from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, September 21st. Wall Street Zen raised Sunrun from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. TD Cowen cut their target price on shares of Sunrun from $21.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. UBS Group decreased their target price on shares of Sunrun from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Finally, Citigroup lowered their price target on shares of Sunrun from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $16.70.
Read Our Latest Analysis on RUN
Sunrun Company Profile (Get Free Report)
Sunrun Inc is a residential solar energy company that designs, installs, owns and maintains solar energy systems for homeowners. The company typically provides electricity through long-term agreements, including solar leases and power purchase agreements, allowing customers to use electricity generated by rooftop solar systems without purchasing the equipment outright.
Sunrun also offers energy storage solutions, including its BrightBox battery system, which can store electricity for use during outages, periods of high demand or when solar generation is unavailable.
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Earnings Release and Conference Call Scheduled for November 4, 2026 | Source: Sunrun Inc.
SAN FRANCISCO, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN) today announced that it will issue its third quarter 2026 earnings report after the market closes on Wednesday, November 4, 2026. A conference call has been scheduled to discuss these earnings results at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time.
The conference call can be accessed live via the Sunrun Investor Relations website at https://investors.sunrun.com. An audio replay will be available following the call on the Sunrun Investor Relations website for approximately one month and a transcript of the conference call will be posted to the Sunrun Investor Relations website the following day.
Event: Sunrun 3Q 2026 Earnings CallDate: Wednesday, November 4, 2026Call Time: 4:30PM ET / 1:30PM PTDial-in (toll-free/toll): (877) 407-5989 / (201) 689-8434Webcast / Replay: https://investors.sunrun.com
About Sunrun
Sunrun Inc. (Nasdaq: RUN) is America’s largest provider of home battery storage, solar, and home-to-grid power plants. As the pioneer of home energy systems offered through a no-upfront-cost subscription model, Sunrun empowers customers nationwide with greater energy control, security, and independence. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lower energy costs. Learn more at www.sunrun.com.
Sunrun (RUN - Free Report) ended the recent trading session at $7.77, demonstrating a +2.1% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.58% for the day. Meanwhile, the Dow gained 0.49%, and the Nasdaq, a tech-heavy index, added 0.45%.
Coming into today, shares of the solar energy products distributor had lost 14.4% in the past month. In that same time, the Oils-Energy sector lost 0.73%, while the S&P 500 gained 0.84%.
The upcoming earnings release of Sunrun will be of great interest to investors. The company is expected to report EPS of $0.16, up 166.67% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $773.4 million, reflecting a 6.74% rise from the equivalent quarter last year.
RUN's full-year Zacks Consensus Estimates are calling for earnings of $1.19 per share and revenue of $3.12 billion. These results would represent year-over-year changes of -30.41% and +5.49%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sunrun. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.33% increase. Sunrun currently has a Zacks Rank of #4 (Sell).
Looking at its valuation, Sunrun is holding a Forward P/E ratio of 6.41. This represents a discount compared to its industry average Forward P/E of 13.68.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
In the latest trading session, Sunrun (RUN - Free Report) closed at $7.64, marking a -1.67% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.2%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.04%.
Prior to today's trading, shares of the solar energy products distributor had lost 13.28% lagged the Oils-Energy sector's loss of 2.32% and the S&P 500's loss of 0.35%.
The upcoming earnings release of Sunrun will be of great interest to investors. In that report, analysts expect Sunrun to post earnings of $0.16 per share. This would mark year-over-year growth of 166.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $773.4 million, indicating a 6.74% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.19 per share and a revenue of $3.12 billion, signifying shifts of -30.41% and +5.49%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Sunrun. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.33% rise in the Zacks Consensus EPS estimate. Sunrun is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Sunrun is presently trading at a Forward P/E ratio of 6.55. This expresses a discount compared to the average Forward P/E of 13.31 of its industry.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 212, placing it within the bottom 14% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
In the latest trading session, Sunrun (RUN - Free Report) closed at $7.78, marking a -6.83% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.03%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq gained 0.01%.
The stock of solar energy products distributor has fallen by 8.54% in the past month, lagging the Oils-Energy sector's loss of 0.34% and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of Sunrun in its upcoming release. The company's upcoming EPS is projected at $0.16, signifying a 166.67% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $773.4 million, indicating a 6.74% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.19 per share and revenue of $3.12 billion. These totals would mark changes of -30.41% and +5.49%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sunrun. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.33% higher within the past month. Sunrun is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Sunrun is holding a Forward P/E ratio of 7.03. This valuation marks a discount compared to its industry average Forward P/E of 13.96.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 233, placing it within the bottom 6% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
In the latest trading session, Sunrun (RUN - Free Report) closed at $8.35, marking a -5.01% move from the previous day. This move lagged the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 1.13%.
Heading into today, shares of the solar energy products distributor had lost 4.35% over the past month, lagging the Oils-Energy sector's loss of 1.06% and the S&P 500's gain of 1.26%.
The investment community will be closely monitoring the performance of Sunrun in its forthcoming earnings report. The company is expected to report EPS of $0.16, up 166.67% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $773.4 million, indicating a 6.74% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.19 per share and revenue of $3.12 billion, which would represent changes of -30.41% and +5.49%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Sunrun. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Sunrun is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Sunrun is holding a Forward P/E ratio of 7.41. This valuation marks a discount compared to its industry average Forward P/E of 14.48.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 236, putting it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
The expanded partnership delivers a complete, behind-the-meter distributed compute solution for residential deployment at gigawatt scale, built into new home communities from the ground up | Source: Sunrun Inc.
SAN FRANCISCO, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), America’s largest provider of home battery storage, solar, and home-to-grid power plants, and SPAN, the leader in intelligent home energy management, today announced a partnership expansion to accelerate AI compute capacity by combining home energy systems with distributed compute infrastructure. Under the partnership, Sunrun will provide home solar and battery storage to help power SPAN's XFRA distributed data center solution, accelerating deployed compute capacity.
The partnership combines Sunrun's home energy products, financing, and installation and service network with SPAN's XFRA distributed compute node and orchestration capabilities to deliver a scalable, low-cost, low-latency compute solution that can be deployed faster than traditional data centers.
"This partnership expansion with SPAN puts customers first, ensuring that they directly benefit in multiple ways from their participation in this powerful distributed AI solution," said Sunrun CEO Mary Powell. “By pairing home energy generation and storage with XFRA compute nodes, we are unlocking new economic value for our customers and for Sunrun, while also solving certain speed-to-power constraints that would otherwise limit AI deployment.”
Under the partnership, SPAN and Sunrun will partner with leading homebuilders and begin deployments in new construction residential communities in Texas and other specified markets, enabling distributed AI infrastructure to be built into communities from the ground up. Sunrun's battery-plus-solar systems will maintain reliable electricity for both the homes and the XFRA compute nodes, while preventing the overloading of local distribution infrastructure—allowing SPAN to maximize node deployment.
"Teaming up with Sunrun solves one of the main bottlenecks for distributed AI compute: power generation and transmission constraints," said Arch Rao, founder and CEO of SPAN. "We can now drastically increase our penetration of XFRA compute nodes by pairing them with Sunrun energy systems to deliver cost-effective AI compute capacity at unprecedented speed while also reducing compute cost for certain AI applications."
At no cost to the builder or the homeowner, and without increasing the purchase price of the home, each host customer will receive a smart electrical panel paired with a multi-battery storage and solar system through a pre-paid lease. Customers will also receive whole-home backup power and ongoing compensation for hosting the XFRA compute node.
SPAN's XFRA platform utilizes liquid-cooled NVIDIA GPUs that are managed through SPAN's XFRA Secure Orchestration Layer, which intelligently schedules AI workloads based on latency requirements and real-time energy availability at each home.
In addition to providing capacity for the compute nodes and local power infrastructure, Sunrun will enroll the home batteries in its grid service programs, growing Sunrun’s market-leading distributed power plant fleet.
Together, Sunrun and SPAN represent the only end-to-end platform for residential AI compute, combining the nation's largest residential energy platform with XFRA's distributed compute network to bring distributed compute capacity online at the speed and scale the AI buildout demands.
About Sunrun
Sunrun Inc. (Nasdaq: RUN) is America’s largest provider of home battery storage, solar, and home-to-grid power plants. As the pioneer of home energy systems offered through a no-upfront-cost subscription model, Sunrun empowers customers nationwide with greater energy control, security, and independence. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lowers energy costs. Learn more at www.sunrun.com.
About SPAN
SPAN is on a mission to enable a more efficient and affordable energy future. The company began by reinventing the electrical panel and continues to transform grid-edge energy infrastructure through combined hardware and software innovation. The SPAN product portfolio includes five smart electrical panel models, SPAN Edge (the intelligent service point), XFRA (the distributed data center), EV charging solutions, and the SPAN Home App. SPAN delivers energy management and advanced power controls that unlock greater grid utilization, benefiting homeowners, builders, utilities, and data center developers with lower costs and faster speed to power. For more information, go to www.span.io.
Sunrun (NASDAQ:RUN – Get Free Report) and NRG Energy (NYSE:NRG – Get Free Report) are both utilities companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, risk, earnings, dividends and valuation.
Profitability This table compares Sunrun and NRG Energy’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Sunrun 11.59% 9.59% 1.77% NRG Energy 2.56% 52.95% 4.29% Valuation & Earnings This table compares Sunrun and NRG Energy”s revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Sunrun $2.96 billion 0.69 $449.95 million $1.48 5.76 NRG Energy $30.71 billion 0.71 $864.00 million $3.78 27.43 NRG Energy has higher revenue and earnings than Sunrun. Sunrun is trading at a lower price-to-earnings ratio than NRG Energy, indicating that it is currently the more affordable of the two stocks.
Insider and Institutional Ownership 91.7% of Sunrun shares are owned by institutional investors. Comparatively, 97.7% of NRG Energy shares are owned by institutional investors. 3.5% of Sunrun shares are owned by insiders. Comparatively, 0.4% of NRG Energy shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Volatility and Risk Sunrun has a beta of 2.37, indicating that its share price is 137% more volatile than the S&P 500. Comparatively, NRG Energy has a beta of 1.18, indicating that its share price is 18% more volatile than the S&P 500.
Analyst Recommendations This is a breakdown of recent ratings and target prices for Sunrun and NRG Energy, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Sunrun 2 8 12 0 2.45 NRG Energy 0 4 10 1 2.80 Sunrun presently has a consensus target price of $16.81, indicating a potential upside of 97.10%. NRG Energy has a consensus target price of $198.21, indicating a potential upside of 91.20%. Given Sunrun’s higher possible upside, equities analysts clearly believe Sunrun is more favorable than NRG Energy.
Summary NRG Energy beats Sunrun on 10 of the 15 factors compared between the two stocks.
About Sunrun (Get Free Report)
Sunrun Inc. designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes. Its primary customers are residential homeowners. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California.
About NRG Energy (Get Free Report)
NRG Energy, Inc., together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions. It offers retail electricity and energy management, line and surge protection products, HVAC installation, repair and maintenance, home protection products, carbon offsets, back-up power stations, portable power, portable solar, and portable lighting; retail services comprising demand response, commodity sales, energy efficiency, and energy management solutions; and system power, distributed generation, renewable and low-carbon products, carbon management and specialty services, backup generation, storage and distributed solar, and energy advisory services. In addition, the company trades in power, natural gas, and related commodities; environmental products; weather products; and financial products, including forwards, futures, options, and swaps. It offers its products and services under the NRG, Reliant, Direct Energy, Green Mountain Energy, and Vivint. It serves residential, commercial, government, industrial, and wholesale customers. NRG Energy, Inc. was founded in 1989 and is headquartered in Houston, Texas.
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Solar names bounced hard on Thursday, but that relief trade collapsed by Friday morning, and now one question hangs over the sector: whether the rate path has already decided where these stocks go next.
Enphase Energy (NASDAQ:ENPH | ENPH Price Prediction) is sliding again on Friday, giving back part of a bounce that formed earlier in the week. The Invesco Solar ETF (NYSEARCA:TAN) is down 2%. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down only 0.2%, so the selling is concentrated in solar rather than spread across the broad market.
ENPH stock is at $34.29, down 5% in Friday morning trading. That leaves Enphase Energy stock up 7% year to date (YTD), so today’s move clips a gain rather than deepens an existing hole.
Meanwhile, First Solar (NASDAQ:FSLR) stock is at $193.38, down 4%, part of the same sector move. Sunrun (NASDAQ:RUN) stock is at $8.40, down 4%, extending a much longer slide for the residential installer.
Rate Path Sits Under Home Solar Demand The Federal Reserve raised interest rates this week, its first increase in three years, and left the door open to another. Residential solar is financed rather than bought outright in most cases, which puts the cost of a loan directly underneath demand for home systems. That mechanism is the standing reason Enphase Energy trades on the rate path, and it explains why a macro headline can move the stock as sharply as a company release.
Enphase Energy’s residential microinverter and battery business is exposed to that dynamic more directly than a utility-scale competitor would be. When borrowing costs rise, homeowners defer or scale back the systems that carry Enphase Energy’s hardware, and the demand signal into its channel softens with them. That knock-on effect eventually shows up in shipments, sell-through and channel inventory.
Sector Weakness Sits Behind the Move Enphase Energy isn’t falling on its own today. First Solar and Sunrun are also lower, the Invesco Solar ETF slid alongside them, and the broad market barely moved. Any name in this group carries the same headline risk from the rate path, and Enphase Energy happens to be the biggest mover in the session.
24/7 Wall St. reported on Thursday that solar names rose as an earlier selloff in the group unwound. That advance hasn’t held into Friday, and Enphase Energy is giving back the largest share of it.
What Sets Enphase Energy Apart One feature separates Enphase Energy from the rest of the group. Enphase Energy stock is still higher on the year, so today’s selling clips a gain instead of deepening an existing hole the way it does at First Solar and Sunrun. That cushion is thin, however, and it doesn’t alter the source of the pressure on Enphase Energy.
The harder problem for Enphase Energy is that a demand story resting on financing costs doesn’t improve until the rate path does. Until borrowing conditions ease, the residential business at the center of Enphase Energy’s revenue mix stays under the same weight that pulled the stock lower on Friday.
What to Watch Investors can watch for whether the Invesco Solar ETF holds through the close, since a break lower could drag Enphase Energy further with it. An advance in the same fund could lift Enphase Energy in kind, given how tightly the two names have tracked in this session.
For investors adding new exposure to Enphase Energy, a cautious posture makes sense while the sector trades on macro conditions rather than on company fundamentals. Trimming their positions, or waiting for a clearer read on borrowing costs, should keep their risk in line with a name whose demand backdrop remains tied to the rate cycle.
Contact [email protected] for any questions or corrections.
Solar stocks are surging Thursday with no earnings, no analyst upgrades, and no policy news to explain the move. The ordering of who is rising most reveals something specific about what this rally actually is.
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Solar stocks are rebounding across the board Thursday afternoon, and the ordering of today’s move tells a specific story about what kind of buying this is. The Invesco Solar ETF (NYSEARCA:TAN) is up 4% to $46.52, running well ahead of the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), which is up 1% to $762.20, and that gap between the two funds says money is moving toward the group as a whole rather than toward the broad market.
Sunrun (NASDAQ:RUN) stock is up 6% to $8.81 in Thursday afternoon trading, leading the group higher after a punishing stretch that has Sunrun down 52% year to date. At that market value, even a modest change in sentiment can push Sunrun shares several percent in either direction, and today is that kind of session.
Also, First Solar (NASDAQ:FSLR | FSLR Price Prediction) stock is climbing 6% to $202.70 in the sector-wide bid. SolarEdge Technologies (NASDAQ:SEDG) stock is rising 4% to $36.23 alongside it, a smaller move that fits its stronger year, with SolarEdge up 26% year to date.
Finding the Pattern With Solar Stocks None of these three companies announced anything today. There is no earnings release, no guidance change, no analyst action, no contract announcement and no policy decision driving the group higher, which is why the move reads as a sector unwind rather than a name-specific reaction. Sunrun’s rebound sits inside that same pattern, and the TAN move confirms the group-wide shape of the bid.
One piece of background belongs here rather than in the day’s cause. In the prior session, First Solar withdrew a patent complaint at the U.S. International Trade Commission, a withdrawal First Solar characterized as procedural, and First Solar shares fell that session. Today’s move in First Solar follows that decline rather than any fresh disclosure from the company.
What the Year-to-Date Ordering Reveals for Sunrun Reading the ordering carefully shows what today actually is, and it centers on Sunrun. Sunrun stock is deeply negative for the year while SolarEdge stock is solidly positive, yet today Sunrun shares are rising more than SolarEdge shares, and the solar fund is rising faster than the broad market fund. That ordering, worst performer up most and best performer up least, is the signature of a reversal rather than a re-rating.
A bid that rewards the decline more than the business is buying the drop, not the company. For Sunrun bulls, the logic is straightforward: a residential solar installer this far below its starting price for the year needs only a shift in sentiment to move a great deal, and today shows exactly that mechanic at work in Sunrun shares.
One session of buying doesn’t revise the market’s accumulated verdict on Sunrun, and the 52% year-to-date figure is that verdict. SolarEdge climbing less than Sunrun while carrying a far better year is the detail that makes today look like an unwind rather than a reassessment. Plainly read, Sunrun’s selling stopped, which isn’t the same as the case improving.
What to Watch Traders can watch for whether Sunrun stock holds its intraday gain into the close, since a same-session giveback would confirm today as a covering bid rather than the start of accumulation in Sunrun. The TAN ETF’s 4% move gives a clean sector reference for measuring Sunrun’s follow-through on subsequent sessions, and the SolarEdge stock move offers a check on whether a broader bid extends into names that haven’t been beaten down.
Investors sizing their exposure to Sunrun stock should keep their positions modest given the beta on display in the name. A stock that can lose more than half its value over the year and add 6% in an afternoon on no company news is a Sunrun profile that rewards small, staged commitments over concentrated bets. Shareholders already carrying Sunrun can treat any continuation into subsequent sessions as a chance to review their risk rather than to add, and new buyers can wait to see whether Sunrun prints a second up session before committing fresh capital.
The next data point that matters for Sunrun stock is simply the close, and after that, whether the group holds its gains against a flat solar session on Friday. Without a fresh catalyst for Sunrun, today’s rebound has to prove itself session by session.
Contact [email protected] for any questions or corrections.
Survey finds that 59% of homeowners are concerned that local outages will become more common; 75% worry that growing number of data centers could contribute to future outages | Source: Sunrun Inc.
SAN FRANCISCO, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Nearly three in five (59%) Americans are concerned about power outages becoming more common where they live, according to a new survey of 2,000 American homeowners conducted by Talker Research on behalf of Sunrun (Nasdaq: RUN), America’s largest provider of home battery storage, solar, and home-to-grid power plants.
The survey results are being released to coincide with National Preparedness Month, reinforcing this year’s theme of “Americans Stand Ready.” Two-thirds of American homeowners reported already experiencing a power outage in 2026, and nearly three-quarters of those affected said they are worried they’ll experience another within the next year.
“Power outages are no longer something homeowners only think about when a major storm is approaching,” said Sunrun CEO Mary Powell. “Americans are concerned about the availability and reliability of their power supply and are seeking the peace of mind that comes from being prepared with home backup power for when the grid goes down.”
For homeowners who have already experienced an outage this year, their households experienced an average of three outages. And their most recent outage lasted an average of 5.5 hours, although some homeowners reported going without power for days.
Power Outage Reality Check
65% of homeowners surveyed believe power outages will occur the same as they do now or more frequently in the future, compared to just 16% who think they’ll become less frequent. Despite expecting an increased frequency of outages, many Americans are ready to admit just how not ready they are for when the lights go out.
Homeowners rated their “household preparedness” for a power outage at 6.6 out of 10 on average, and nearly half (47%) of homeowners said they have experienced a “power outage reality check” that made them realize they weren’t even close to being prepared.
Skepticism About Grid’s Ability To Meet Demand
Homeowners aren’t necessarily confident the power grid can keep pace with changing electricity demands. 75% are concerned that the growing number of data centers in the U.S. could play a role in future outages.
Adding to their fears about potential future outages, only a third (38%) are confident their local grid can reliably meet increased electricity demand from data centers.
When asked what poses the biggest threat to their area’s power reliability, homeowners overwhelmingly view severe storms as the primary threat. In fact, when combined with winter weather and extreme heat, weather-related events captured more than half of all respondents’ concerns.
48% of those who lost power at their home said they made a change to prepare for the next blackout. In terms of which improvement would make them feel most prepared for the next outage, 47% said a backup power source — the top answer by 18 points.
Power Outage Disruptions
The consequences of power outages go well beyond sitting in the dark. Among those who said they experienced an outage, the greatest disruptions included losing heating or cooling (57%), food spoilage (48%), and losing internet or cell service (44%).
Nearly one-third of homeowners (32%) have even sought shelter at the home of a family member, friend, or neighbor during an outage because that household still had electricity from the grid or a source of backup power.
The stakes were even higher for the 28% of homeowners who said someone in their household relies on electricity for a health-related need.
Among those households, electrically dependent needs included refrigerated prescription medications such as insulin (39%), CPAP machines (36%), oxygen equipment (30%), and medical monitoring devices such as glucose monitors (29%).
“A power outage can quickly become more than an inconvenience when it affects the essentials families rely on every day, from keeping food and medications refrigerated to maintaining a safe temperature at home," Powell added. “Home battery storage paired with solar can provide greater energy resilience by helping keep critical parts of the home running when the grid goes down.”
Sunrun’s Solution For Families and the Grid
With the power grid aging, demand for electricity rising, and outages becoming more frequent, more and more Americans are seeking energy independence and protection from blackouts and rising energy rates. Serving more than 1.2 million customers nationwide, Sunrun leads the industry with home battery and solar energy systems without any upfront costs, enabling more families to affordably gain energy security.
Homeowners with a Sunrun battery-plus-solar system can comfortably power through extended grid outages without needing gasoline for a noisy generator or worrying about the limited capacity of portable storage devices. Sunrun’s whole-home battery storage capacity allows homeowners to run heating, air conditioning, and large appliances without interruption.
Even when the grid is operating normally, Sunrun’s home batteries empower homeowners to manage peak energy rates and achieve utility bill savings. By drawing daily on their own stored energy generated from their rooftop solar panels, homeowners can reduce the amount of costly energy they consume from the grid.
Sunrun’s unique solution doesn’t just benefit individual households. The battery systems also enable customers to support their local power grid through Sunrun’s distributed power plant programs. Customers are compensated for sharing energy with the grid during peak demand hours, helping control costs and prevent grid emergencies for all residents in their communities.
About Sunrun
Sunrun Inc. (Nasdaq: RUN) is America’s largest provider of home battery storage, solar, and home-to-grid power plants. As the pioneer of home energy systems offered through a no-upfront-cost subscription model, Sunrun empowers customers nationwide with greater energy control, security, and independence. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lowers energy costs. Learn more at www.sunrun.com.
Media Contact
Wyatt Semanek
Sr. Director, Corporate Communications [email protected]
Research methodology:
Talker Research conducted an online survey of 2,000 homeowners who have access to the internet from August 18 through 24, 2026; the survey was commissioned by Sunrun and administered and conducted by Talker Research. A link to the questionnaire can be found here.
To view the complete methodology as part of AAPOR’s Transparency Initiative, please visit the Talker Research Process and Methodology page.
Sunrun (RUN - Free Report) closed the most recent trading day at $8.33, moving -2.69% from the previous trading session. This change lagged the S&P 500's daily loss of 0.48%. At the same time, the Dow lost 0.29%, and the tech-heavy Nasdaq lost 0.56%.
The stock of solar energy products distributor has fallen by 16% in the past month, lagging the Oils-Energy sector's gain of 4.87% and the S&P 500's loss of 0.82%.
The upcoming earnings release of Sunrun will be of great interest to investors. In that report, analysts expect Sunrun to post earnings of $0.21 per share. This would mark year-over-year growth of 250%. Our most recent consensus estimate is calling for quarterly revenue of $764.23 million, up 5.48% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.18 per share and a revenue of $3.07 billion, indicating changes of -30.99% and +3.85%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Sunrun. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 5.03% upward. Right now, Sunrun possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Sunrun is at present trading with a Forward P/E ratio of 7.24. This signifies a discount in comparison to the average Forward P/E of 11.76 for its industry.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 223, finds itself in the bottom 10% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks' Research Chief Names "Stock Most Likely to Double"
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Of course, all our elite picks aren't winners, but this one could far surpass earlier Zacks' Stocks Set to Double like D-Wave Quantum, which shot up +680.1%.
A view of solar panels atop the roof of a home in Pasadena, Calif. Photo: Getty ImagesRenewable-energy mandates in blue states are a major driver of higher electricity bills, adding directly to the cost-of-living problem.
I live in ground zero: Massachusetts. Residential electricity rates were 29.61 cents per kilowatt-hour in June, according to the latest Energy Information Administration data, making Massachusetts the most expensive state on the East Coast. Only California and Hawaii had higher residential electricity rates.
Sunrun (NASDAQ:RUN – Get Free Report) and AGL Energy (OTCMKTS:AGLNF – Get Free Report) are both utilities companies, but which is the better stock? We will contrast the two businesses based on the strength of their profitability, valuation, earnings, dividends, risk, analyst recommendations and institutional ownership.
Valuation and Earnings This table compares Sunrun and AGL Energy”s revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Sunrun $2.96 billion 0.73 $449.95 million $1.48 6.03 AGL Energy N/A N/A N/A $1.02 5.83 Sunrun has higher revenue and earnings than AGL Energy. AGL Energy is trading at a lower price-to-earnings ratio than Sunrun, indicating that it is currently the more affordable of the two stocks. Analyst Recommendations This is a breakdown of recent recommendations and price targets for Sunrun and AGL Energy, as provided by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Sunrun 2 8 12 0 2.45 AGL Energy 0 0 1 0 3.00 Sunrun presently has a consensus target price of $16.81, suggesting a potential upside of 88.27%. Given Sunrun’s higher possible upside, equities analysts clearly believe Sunrun is more favorable than AGL Energy.
Insider & Institutional Ownership 91.7% of Sunrun shares are held by institutional investors. Comparatively, 15.3% of AGL Energy shares are held by institutional investors. 3.5% of Sunrun shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Profitability This table compares Sunrun and AGL Energy’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Sunrun 11.59% 9.59% 1.77% AGL Energy N/A N/A N/A Summary Sunrun beats AGL Energy on 10 of the 11 factors compared between the two stocks.
About Sunrun (Get Free Report)
Sunrun Inc. designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes. Its primary customers are residential homeowners. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California.
About AGL Energy (Get Free Report)
AGL Energy Limited supplies energy and other essential services to residential, small and large businesses, and wholesale customers in Australia. It operates through three segments: Customer Markets, Integrated Energy, and Investments. The company engages in retailing of electricity, gas, broadband, mobile, voice, solar, and energy products and services; and operates power generation portfolio and other assets including coal, gas and renewable generation, natural gas storage and production, and development projects. It also offers renewable energy schemes; and controls dispatch of owned and contracted generation assets, gas offtake agreements, and associated portfolio of energy hedging products. In addition, the company offers coal and gas-fired generation; and renewable energy sources, such as wind, hydro and solar, batteries and other firming technology; and gas production and storage assets. AGL Energy Limited was founded in 1837 and is based in Sydney, Australia.
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
EP Wealth Advisors LLC bought a new stake in Sunrun Inc. (NASDAQ:RUN – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 146,517 shares of the energy company’s stock, valued at approximately $1,960,000. EP Wealth Advisors LLC owned 0.06% of Sunrun at the end of the most recent quarter.
Several other large investors have also modified their holdings of RUN. Dimensional Fund Advisors LP lifted its holdings in shares of Sunrun by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 6,519,053 shares of the energy company’s stock worth $88,375,000 after purchasing an additional 165,196 shares during the period. Invesco Ltd. increased its stake in Sunrun by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,868,199 shares of the energy company’s stock valued at $107,975,000 after buying an additional 1,231,628 shares during the period. Geode Capital Management LLC increased its stake in Sunrun by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 5,663,239 shares of the energy company’s stock valued at $104,220,000 after buying an additional 205,627 shares during the period. Contour Asset Management LLC purchased a new position in Sunrun during the 4th quarter worth $98,010,000. Finally, Voloridge Investment Management LLC raised its position in Sunrun by 47.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,425,297 shares of the energy company’s stock worth $63,025,000 after buying an additional 1,100,666 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.
Analyst Ratings Changes Several analysts have recently commented on the stock. Zacks Research cut shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. TD Cowen dropped their price target on shares of Sunrun from $21.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Royal Bank Of Canada cut their price target on shares of Sunrun from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Mizuho set a $18.00 price objective on shares of Sunrun in a research report on Thursday, August 6th. Finally, Weiss Ratings lowered Sunrun from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.81.
Get Our Latest Analysis on Sunrun Sunrun Trading Down 2.1% NASDAQ:RUN opened at $9.16 on Friday. Sunrun Inc. has a 1 year low of $8.61 and a 1 year high of $22.44. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.00 and a current ratio of 1.42. The stock has a fifty day moving average price of $11.47 and a two-hundred day moving average price of $13.46. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 6.19 and a beta of 2.35.
Sunrun (NASDAQ:RUN – Get Free Report) last issued its earnings results on Wednesday, August 5th. The energy company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.23 by $0.19. Sunrun had a net margin of 11.59% and a return on equity of 9.59%. The company had revenue of $869.99 million for the quarter, compared to analyst estimates of $746.87 million. During the same period in the previous year, the firm earned $1.07 EPS. The business’s revenue was up 52.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Sunrun Inc. will post 1.13 earnings per share for the current fiscal year.
Insider Transactions at Sunrun In other Sunrun news, Director Lynn Michelle Jurich sold 50,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $9.96, for a total transaction of $498,000.00. Following the transaction, the director directly owned 367,405 shares in the company, valued at approximately $3,659,353.80. This represents a 11.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Maria Barak sold 3,278 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $12.17, for a total transaction of $39,893.26. Following the completion of the transaction, the chief accounting officer directly owned 90,033 shares of the company’s stock, valued at approximately $1,095,701.61. This trade represents a 3.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 223,045 shares of company stock valued at $2,934,835. 3.55% of the stock is owned by company insiders.
Sunrun Profile (Free Report)
Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.
Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.
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Voltus will tap into Sunrun’s storage-plus-solar systems to deliver immediate Bring Your Own Capacity™ megawatts to AI hyperscalers, strengthening grid reliability while creating economic benefits for customers across the PJM and MISO regions | Source: Sunrun Inc.
SAN FRANCISCO, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), America's largest provider of residential battery storage, solar, and home-to-grid power plants, today announced an agreement with Voltus, a leading distributed energy resource platform, to support Voltus’s Bring Your Own Capacity™ programs for AI hyperscalers. Under the agreement, Sunrun will provide energy capacity from a portion of its thousands of residential storage-plus-solar systems in PJM and MISO grid regions, helping deliver reliable, flexible power to support growing electricity demand.
Last year, Voltus announced its Bring Your Own Capacity (BYOC) program, a first-of-its-kind solution that enables large loads like hyperscalers to bring firm, flexible capacity to the table to facilitate data center interconnection and support the grid. As part of that program, Voltus will orchestrate flexible distributed resources — such as batteries and smart thermostats — to reduce energy demand when the grid needs it. And, homes and businesses get paid for participating. This enables new capacity for the system, channels investment into local communities, and strengthens the grids that serve data centers coming online.
“Meeting growing energy demand requires us to maximize every single electron available across the country,” said Sunrun CEO Mary Powell. “In collaboration with Voltus, we are providing critical capacity from home batteries supported by funding from hyperscalers. This is just the beginning of what distributed energy assets can achieve.”
“BYOC is about turning distributed resources into capacity the grid can count on, and maximizing value for the end user,” said Dana Guernsey, CEO of Voltus. “This partnership brings together Sunrun’s residential scale with Voltus’s market-integrated flexibility platform so distributed capacity can support reliability, affordability, and growth as electricity demand increases.”
The Sunrun-Voltus collaboration builds on the recent and separate initiative by Sunrun, Renew Home and Tesla focused on unlocking more than 16.8 gigawatts of flexible capacity from home batteries, solar, smart thermostats, and EVs. Together, these efforts are unlocking existing distributed energy resources to help meet growing demand from data centers and utilities quickly, affordably, and reliably.
About Sunrun
Sunrun Inc. (Nasdaq: RUN) is America’s largest provider of home battery storage, solar, and home-to-grid power plants. As the pioneer of home energy systems offered through a no-upfront-cost subscription model, Sunrun empowers customers nationwide with greater energy control, security, and independence. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lowers energy costs. Learn more at www.sunrun.com.
About Voltus
Voltus is the leading DER technology platform and virtual power plant operator connecting distributed energy resources to electricity markets, delivering less expensive, more reliable, and more sustainable electricity. Voltus's commercial and industrial customers and DER partners generate cash by allowing Voltus to maximize the value of their flexible load, distributed generation, energy storage, energy efficiency, and electric vehicle resources in these markets. To learn more, visit www.voltus.co.
Media Contact
Wyatt Semanek
Sr. Director, Corporate Communications [email protected]
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. These statements include Sunrun’s and Voltus’s plans to use and commit distributed energy capacity; the anticipated orchestration of residential energy resources; expected customer compensation; anticipated grid-reliability, affordability, and growth benefits; and the potential to unlock flexible capacity and help meet demand from data centers and utilities.
Forward-looking statements may be identified by words such as “will,” “can,” and similar expressions. These statements are based on current expectations, estimates, assumptions, and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially, including customer enrollment and authorization; battery availability, performance, and dispatch accuracy; Sunrun’s ability to make the contemplated capacity available; Voltus’s performance; customer compensation; applicable utility and PJM market rules, implementation, and settlement processes; regulatory requirements; partner performance; market demand; and the parties’ ability to achieve the anticipated benefits; and such other risks and uncertainties identified in the reports that we file with the U.S. Securities and Exchange Commission from time to time. All forward-looking statements used herein are based on information available to us as of the date hereof, and we assume no obligation to update publicly these forward-looking statements for any reason, except as required by law.
For the quarter ended June 2026, Sunrun (RUN - Free Report) reported revenue of $869.99 million, up 52.8% over the same period last year. EPS came in at $0.42, compared to $1.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $722.86 million, representing a surprise of +20.35%. The company delivered an EPS surprise of +425%, with the consensus EPS estimate being $0.08.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Sunrun performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Storage Capacity Installed: 332.00 Mwh versus the two-analyst average estimate of 358.88 Mwh.Contracted Subscriber Value: $55,033.00 versus the two-analyst average estimate of $46,240.36.Subscriber additions: 19,793 versus 23,779 estimated by two analysts on average.Solar Capacity Installed: 174.30 MW versus 194.50 MW estimated by two analysts on average.Subscriber Value: $59,377.00 versus $49,904.23 estimated by two analysts on average.Revenue- Customer agreements and incentives: $543.73 million versus the five-analyst average estimate of $522.16 million. The reported number represents a year-over-year change of +18.7%.Revenue- Solar energy systems and product sales: $326.26 million versus $186.83 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +193% change.Revenue- Customer agreements: $506.96 million compared to the $488.33 million average estimate based on three analysts. The reported number represents a change of +17% year over year.Revenue- Incentives: $36.77 million versus $48.83 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +49.7% change.Revenue- Solar energy systems: $290.97 million versus the two-analyst average estimate of $50.99 million. The reported number represents a year-over-year change of +668.3%.Revenue- Products: $35.29 million versus the two-analyst average estimate of $60.21 million. The reported number represents a year-over-year change of -52%.Gross Profit- Solar Energy Systems and Product: $126.95 million versus the four-analyst average estimate of $52.24 million.View all Key Company Metrics for Sunrun here>>>
Shares of Sunrun have returned -24.7% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Sunrun shares are sliding. What’s pressuring RUN stock? Q2 Earnings Beat Driven by System SalesFull-Year Outlook Trimmed Amid HeadwindsDespite the quarter’s beats, Sunrun lowered its full-year 2026 Cash Generation guidance to a range of $200 million to $375 million, down from $250 million to $450 million previously. Aggregate Subscriber Value guidance was also adjusted downward to $4.6 billion–$4.9 billion.
Management attributed the revised outlook to near-term execution and market factors. “We are revising our full-year Cash Generation outlook… reflecting reduced affiliate channel volumes, a delayed ramp in direct sales activities, and modestly higher capital costs than previously forecasted,” stated Chief Financial Officer Danny Abajian.
Chief Executive Officer Mary Powell highlighted underlying customer demand, noting that Sunrun’s “storage-first offering is meeting” market needs while positioning the company to unlock high-margin streams from grid-edge and AI data center applications.
RUN Shares Slide Thursday MorningRUN Price Action: Sunrun shares were down 12.77% at $9.15 during premarket trading on Thursday. The stock is trading near its 52-week low of $9.01, according to Benzinga Pro data.
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3 Small Caps Hitting 52-Week Highs: Take Profits or Let Ride?Sunrun NASDAQ: RUN reported second-quarter results marked by a record storage attachment rate, positive cash generation excluding safe-harbor equipment investments, and a reduced full-year outlook as the company shifts toward a larger direct-sales business.
Chief Executive Officer Mary Powell said Sunrun is moving away from affiliate-originated volume in favor of its direct business, which she said carries higher margins, stronger customer satisfaction and better credit profiles. The transition has created more front-loaded costs and has taken longer to ramp than management initially expected, contributing to the revised guidance.
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5 Clean Energy Stocks Poised for the Next Green RallyThe company said it added nearly 21,000 customers during the second quarter and reached a 74% storage attachment rate, a quarterly record. That represented more than 15,500 battery installations. Average system size increased 2% from the first quarter, according to Chief Financial Officer Danny Abajian.
Cash Generation and Revised Outlook Sunrun reported $23 million of cash generation in the second quarter, or $45 million excluding $22 million of net investments in equipment safe harboring. Powell said the company generated positive cash flow in the first half excluding those investments and has produced $428 million of cash generation over the past two years.
Is This Solar Stock Ready for a Comeback? Key Milestones AheadHowever, the company lowered its full-year 2026 cash-generation guidance to a range of $200 million to $375 million, before safe-harbor equipment investments of between $50 million and $100 million. Its prior forecast was $250 million to $450 million.
Management cited three primary reasons for the reduction:
Further planned reductions in affiliate-channel volume, as well as the bankruptcy of affiliate partner Freedom Forever. A slower-than-expected ramp in direct-sales activity and onboarding of new sales representatives. Higher capital costs as interest rates increased in recent months. Sunrun also reduced its full-year Aggregate Subscriber Value outlook to $4.6 billion to $4.9 billion, from a previous range of $4.8 billion to $5.2 billion. Aggregate Subscriber Value was nearly $1.2 billion in the second quarter, near the high end of the company’s guidance range. Abajian said Aggregate Contracted Subscriber Value was $1.1 billion, or about $55,000 per subscriber, up 10% from a year earlier.
The company estimated upfront proceeds of about $52,000 per subscriber, based on a 94% advance rate against Aggregate Contracted Subscriber Value. Estimated Upfront Net Subscriber Value was approximately $2,000 per subscriber, or roughly 4% of Contracted Subscriber Value. Abajian said the margin was lower primarily because of timing effects and higher up-front costs associated with building the direct business, but said Sunrun expects the margin to improve in the third quarter.
Direct Business Gains as Affiliate Volume Falls Sunrun’s direct business grew more than 20% from the first quarter and was nearly flat from the prior-year period, Abajian said. The company’s monthly direct-sales trends turned positive in June and July, with sales growth exceeding 10% year over year in each month.
The company expects direct-business volume to resume year-over-year growth in the third quarter and forecasts second-half growth of more than 10% versus the prior year. Full-year direct-business growth is expected to be in the low single digits.
By comparison, affiliate volume fell 30% sequentially in the second quarter and declined more than 70% year over year. Sunrun now expects affiliate-channel installations to decline more than 60% for the full year, with direct sales accounting for more than 85% of total origination volume.
Powell said Sunrun has added more than 1,500 salespeople year to date, exceeding typical seasonal hiring levels. She said some new hires require additional time to learn how to sell the company’s more complex solar-and-storage offerings and navigate varied electricity-rate structures.
President and Chief Revenue Officer Paul Dickson said conversion rates on the company’s core offerings are “flat to up” as new sales representatives are brought into the organization and ramp productivity.
Storage Fleet and Grid-Services Opportunities Sunrun said it had installed more than 266,000 solar-plus-storage systems as of the end of the second quarter, representing approximately 4.6 gigawatt-hours of networked storage capacity. The company added more than one gigawatt-hour of storage capacity and dispatched more than 700 megawatts of power over the past 12 months.
Powell said the company’s deployed assets represent more than $500 million in grid-services present value. Sunrun expects its distributed power plant operations to generate about $40 million in GAAP gross revenue and more than $10 million in operating margin in 2026.
The company remains on track to exceed 10 gigawatt-hours of dispatchable capacity online by the end of 2028. Powell said Sunrun is pursuing potential monetization opportunities through utility partnerships, energy-market participation, retail electricity providers and large power users, including data-center hyperscalers.
In June, Sunrun announced a framework with Renew Home and Tesla intended to bring more than 16 gigawatts of home energy resources to hyperscalers. In July, it launched a distributed artificial-intelligence computing pilot that uses participating homes as an edge-computing platform.
Management said the AI initiative remains in pilot stage and that the company expects to learn more over the coming months before determining the timing of commercial deployment. Dickson said Sunrun sees an opportunity to use customers’ controllable power to support graphics processing units in homes, while potentially using asset-financing structures similar to those it has used in its core business.
Capital Markets Activity Abajian said Sunrun closed multiple tax-equity funds and investment-tax-credit transfer agreements during the quarter. ITC transfer pricing remained stable from the first quarter, with pricing in the high-$0.80 to low-$0.90 range.
As of the call, closed transactions and executed term sheets provided expected tax-equity capacity equivalent to funding approximately 1,000 megawatts of projects beyond those deployed through the second quarter. Sunrun also had more than $840 million in unused commitments under its non-recourse senior revolving warehouse loan, which it said could fund more than 340 megawatts of retained-subscriber projects.
The company raised approximately $1.5 billion in non-recourse asset-level debt financing year to date. It also recently priced a $267 million public securitization at a spread of 200 basis points, an improvement of 20 basis points from its most recent second-quarter transaction. Sunrun expects additional securitization activity in the second half of the year.
Abajian said the company intends to continue using cash generation to reduce parent-company leverage while evaluating other capital-allocation options in future quarters depending on market conditions and its outlook.
About Sunrun (NASDAQ:RUN)Sunrun, Inc NASDAQ: RUN is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun's network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.
Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.
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For the quarter ended June 2026, Sunrun (RUN - Free Report) reported revenue of $869.99 million, up 52.8% over the same period last year. EPS came in at $0.42, compared to $1.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $722.86 million, representing a surprise of +20.35%. The company delivered an EPS surprise of +425%, with the consensus EPS estimate being $0.08.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Sunrun performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Storage Capacity Installed: 332.00 Mwh versus the two-analyst average estimate of 358.88 Mwh.Subscriber additions: 19,793 compared to the 23,779 average estimate based on two analysts.Solar Capacity Installed: 174.30 MW versus 194.50 MW estimated by two analysts on average.Subscriber Value: $59,377.00 versus the two-analyst average estimate of $49,904.23.Revenue- Customer agreements and incentives: $543.73 million versus $522.16 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +18.7% change.Gross Profit- Customer Agreements and Incentives: $201.28 million versus the four-analyst average estimate of $124.93 million.View all Key Company Metrics for Sunrun here>>>
Shares of Sunrun have returned -9.6% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Sunrun (RUN - Free Report) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $1.07 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +425.00%. A quarter ago, it was expected that this solar energy products distributor would post a loss of $0.05 per share when it actually produced earnings of $0.62, delivering a surprise of +1340%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Sunrun, which belongs to the Zacks Solar industry, posted revenues of $869.99 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 20.35%. This compares to year-ago revenues of $569.34 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Sunrun shares have lost about 40.1% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Sunrun?While Sunrun has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Sunrun was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.22 on $810.44 million in revenues for the coming quarter and $1.01 on $3.08 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Solar is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Daqo New Energy (DQ - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.
This solar panel parts maker is expected to post quarterly loss of $0.28 per share in its upcoming report, which represents a year-over-year change of +75.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Daqo New Energy's revenues are expected to be $59.2 million, down 21.3% from the year-ago quarter.
Sunrun Inc. (RUN) Q2 2026 Earnings Call August 5, 2026 4:30 PM EDT
Company Participants
Patrick Jobin - Senior VP of Finance & Investor Relations
Mary Powell - CEO & Director
Danny Abajian - CFO & Principal Financial Officer
Paul Dickson - President & Chief Revenue Officer
Conference Call Participants
Brian Lee - Goldman Sachs Group, Inc., Research Division
Praneeth Satish - Wells Fargo Securities, LLC, Research Division
Maheep Mandloi - Mizuho Securities USA LLC, Research Division
Colin Rusch - Oppenheimer & Co. Inc., Research Division
Philip Shen - ROTH Capital Partners, LLC, Research Division
Sophie Karp - KeyBanc Capital Markets Inc., Research Division
Presentation
Operator
Good afternoon, and welcome to Sunrun's Second Quarter 2026 Earnings Conference Call. Please note that this call is being recorded and that the 1 hour has been allotted for the call, including the Q&A session. [Operator Instructions]
I will now turn the call over to Patrick Jobin, Sunrun's Investor Relations Officer. Please go ahead.
Patrick Jobin
Senior VP of Finance & Investor Relations
Thank you, Latanya. Before we begin, please note that certain remarks we will make on this call constitute forward-looking statements related to the expected future results of our company, including our Q3 and full year 2026 financial outlook and other statements that are not historical in nature, are predictive in nature or depend upon or refer to future events or conditions, such as our expectations, estimates, predictions, strategies, beliefs or other statements that may be considered forward-looking. Though we believe these statements reflect our best judgment based on factors currently known to us, actual results may differ materially or adversely. Please refer to the company's filings with the SEC for a more inclusive discussion of risks and other factors that may cause our actual results to differ from projections made in any forward-looking statements. Please also note, these statements are being made as of today, and we disclaim any obligation to update or
Aggregate Subscriber Value of approximately $1.2 billion in Q2
Storage Attachment Rate reached record 74% in Q2 and Networked Storage Capacity reaches 4.6 Gigawatt-hours as of June 30, 2026
Net cash used in operating activities was -$186 million in Q2 and Cash Generation was $23 million, or $45 million if excluding $22 million of net investments in equipment safe harbor
Revised Cash Generation1,2 guidance to a range of $200 million to $375 million in 2026, excluding investments in equipment safe harbor
SAN FRANCISCO, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), America’s largest provider of home battery storage, solar, and home-to-grid power plants, today announced financial results for the second quarter ended June 30, 2026.
“The need for affordable, reliable power has never been more evident, and our storage-first offering is meeting it — customers attached batteries at the highest rate in our history this quarter. We are positioning the business for strong growth, bringing on some of the best talent in the industry and scaling deliberately, with a focus on customer experience and asset quality. And as that engine scales, we're aiming to unlock new ways to monetize the network we've already built, from distributed power plant programs to emerging data center and grid edge applications, creating new streams of Cash Generation,” said Mary Powell, Sunrun’s Chief Executive Officer.
“We are revising our full-year Cash Generation outlook to $200 million to $375 million, excluding equipment safe harbor investments, reflecting reduced affiliate channel volumes, a delayed ramp in direct sales activities, and modestly higher capital costs than previously forecasted. Customer demand for our offering remains strong, and as our expanded sales force reaches full productivity, we believe that we will exit the year at a robust growth rate and higher unit margins,” said Danny Abajian, Sunrun’s Chief Financial Officer.1
Second Quarter Updates and Recent Developments
Leading with Storage-First Strategy: Storage Attachment Rate was 74% in Q2, up from 70% in the prior-year period. As of June 30, 2026, Sunrun has installed more than 266,000 storage and solar systems, representing approximately 4.6 Gigawatt hours of Networked Storage Capacity.Continued Strong Capital Markets Execution: In August 2026, Sunrun placed a $267 million securitization of seasoned residential solar and battery systems. The publicly-placed A- rated Class A Notes priced at a yield of 6.33%, reflecting a spread of 200 basis points, a 20 basis point improvement to the public Class A-1 Notes in Sunrun’s April 2026 securitization.Year-to-date, Sunrun has raised approximately $1.5 billion of non-recourse asset-level debt financing, inclusive of our August 2026 securitization noted above, which is expected to close this month. Industry-Leading Customer Experience Recognized: In May 2026, Sunrun earned four 2026 Buyer's Choice Awards from ConsumerAffairs — Best in Customer Service, Best Installation Experience, Best Equipment, and Best Value — based on verified customer reviews. This recognition follows Sunrun's ranking of No. 5 on TIME's inaugural list of The World's Most Impactful Companies, underscoring our commitment to delivering an industry-leading customer experience.Positioning Our Distributed Fleet to Serve AI and Data Center Demand: In June 2026, Sunrun, Renew Home, and Tesla announced a non-binding letter of intent to deliver more than 16 gigawatts of fast, flexible energy capacity to hyperscalers and utilities — which, together, would form the largest distributed power plant in the country. In July 2026, we launched a distributed AI data center pilot, which places compute nodes in homes with Sunrun solar and storage systems. These initiatives aim to leverage Sunrun's existing energy infrastructure to serve AI-driven electricity demand and create new, high-margin revenue opportunities. Key Operating Metrics
In the second quarter of 2026, Subscriber Additions were 19,793, a 31% decrease compared to the second quarter of 2025. As of June 30, 2026, Sunrun had 1,034,738 Subscribers. Subscribers as of June 30, 2026 grew 10% compared to June 30, 2025.
Storage Capacity Installed was 332 megawatt hours in the second quarter of 2026, a 15% decrease from the second quarter of 2025. Solar Capacity Installed was 174 megawatts in the second quarter of 2026, a 23% decrease from the second quarter of 2025.
Subscriber Value was $59,377 in the second quarter of 2026, a 10% increase compared to the second quarter of 2025. Contracted Subscriber Value was $55,033 in the second quarter of 2026, a 10% increase compared to the second quarter of 2025. Subscriber Value figures for the second quarter of 2026 reflect a 7.3% discount rate based on observed project-level capital costs, compared to 7.4% in the prior year period. Subscriber Value reflects an average Investment Tax Credit of 44.0% in the second quarter of 2026 compared to 42.6% in the prior year period. Storage Attachment Rate was 74% in the second quarter of 2026 compared to 70% in the prior year period.
Net Subscriber Value was $9,444 in the second quarter of 2026, a 44% decrease compared to $17,004 in the second quarter of 2025. Contracted Net Subscriber Value was $5,100 in the second quarter of 2026, a 61% decrease compared to $13,032 in the second quarter of 2025.
Aggregate Subscriber Value was $1.2 billion in the second quarter of 2026, a 24% decrease compared to the second quarter of 2025.
Total Operating Expenses were $835 million in the second quarter of 2026, an increase of 23% compared to the prior year period. Creation Costs Reflected in Operating Expenses were $469 million in the second quarter of 2026, a 92% increase compared to the second quarter of 2025. Net cash used in investing activities was $449 million in the second quarter of 2026, a 35% decrease compared to the prior year period. Creation Costs Reflected in Capital Expenditures were $519 million in the second quarter of 2026, a 37% decrease compared to the second quarter of 2025.
Net cash used in operating activities was $(186) million in the second quarter of 2026, while Cash Generation was $23 million. Cash Generation would have been $45 million excluding the effects of equipment safe harbor investments that totaled $22 million in the second quarter of 2026.
Contracted Net Earning Assets were $3.7 billion, which included $1.1 billion in Total Cash, as of June 30, 2026.
Outlook
For the full-year 2026, Aggregate Subscriber Value is now expected to be in a range of $4.6 billion to $4.9 billion, compared to the company’s prior guidance of $4.8 billion to $5.2 billion.
Cash Generation1,2 is now expected to be in a range of $200 million to $375 million for the full-year 2026, excluding potential investment related to equipment safe harboring, compared to the company’s prior guidance of $250 million to $450 million.
Second Quarter 2026 GAAP Results
Total revenue was $870.0 million in the second quarter of 2026, up $300.7 million, or 53%, from the second quarter of 2025. Customer agreements and incentives revenue was $543.7 million, an increase of $85.7 million, or 19%, compared to the second quarter of 2025. Energy systems and product sales revenue was $326.3 million, an increase of $214.9 million, or 193%, compared to the second quarter of 2025. The increase in Energy systems and product sales revenue is primarily due to a transaction that Sunrun entered into in the third quarter of 2025 whereby certain storage and energy systems subject to newly originated Customer Agreements are sold to a third party. Sunrun continues to maintain the customer experience and servicing relationships and can sell future goods and services to these customers.
Total cost of revenue was $541.8 million, an increase of 21% year-over-year. Total operating expenses were $835.2 million, an increase of 23% compared to the second quarter of 2025.
Net income attributable to common stockholders was $115.2 million, or $0.48 per basic share and $0.42 per diluted share, in the second quarter of 2026.
Conference Call Information
Sunrun is hosting a conference call for analysts and investors to discuss its second quarter 2026 results and business outlook at 1:30 p.m. Pacific Time today, August 5, 2026. A live audio webcast of the conference call along with supplemental financial information will be accessible via the “Investor Relations” section of Sunrun’s website at https://investors.sunrun.com. The conference call can also be accessed live over the phone by dialing (877) 407-5989 (toll-free) or (201) 689-8434 (toll). An audio replay will be available following the call on the Sunrun Investor Relations website for approximately one month.
Footnotes
(1) Cash Generation, Creation Costs Reflected in Operating Expenses, and Creation Costs Reflected in Capital Expenditures are non-GAAP financial measures. See “Non-GAAP Financial Measures” below for a discussion of these measures and reconciliations to the most directly comparable GAAP measures.
(2) The Company is not able to provide reconciliations to certain of its forward-looking measures to comparable GAAP measures because certain items required for such reconciliations are outside of the Company’s control and/or cannot be reasonably predicted without unreasonable effort. The Company encourages investors to review its GAAP financial measures and to not rely on any single financial measure to evaluate our business.
About Sunrun
Sunrun Inc. (Nasdaq: RUN) is America’s largest provider of home battery storage, solar, and home-to-grid power plants. As the pioneer of home energy systems offered through a no-upfront-cost subscription model, Sunrun empowers customers nationwide with greater energy control, security, and independence. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lowers energy costs. Learn more at www.sunrun.com.
Forward Looking Statements
This communication contains forward-looking statements related to Sunrun (the “Company”) within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements related to: the Company’s financial and operating guidance and expectations; the Company’s business plan, growth trajectory, expectations, market leadership, competitive advantages, operational and financial results and metrics (and the assumptions related to the calculation of such metrics); the Company’s expectation that it will exit the year at a robust growth rate and higher unit margins; the Company’s momentum in its business strategies including expectations regarding market share growth in certain geographies, customer value proposition, market penetration, growth of certain divisions and ability to scale offerings, financing activities, financing capacity, product mix, and ability to manage cash flow and liquidity; the Company’s discussion of new products, offerings, and applications, including monetization of the Company’s network for grid programs and emerging data center and grid edge applications; the trajectory of the storage and solar industry; the Company’s business, customer base, and market; and anticipated demand, market acceptance, and market adoption of the Company’s offerings; the Company’s expectations regarding its allocations of and ability to create new streams of Cash Generation; the closing of the Company’s August securitization; and the Company’s aim to leverage its existing energy infrastructure to serve AI-driven electricity demand and create new, high-margin revenue opportunities. These statements are not guarantees of future performance; they reflect the Company’s current views with respect to future events and are based on assumptions and estimates and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from expectations or results projected or implied by forward-looking statements. The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include: the Company’s continued ability to manage costs and compete effectively; the availability of additional financing on acceptable terms; worldwide economic conditions, including slow or negative growth rates and inflation; volatile or rising interest rates; changes in policies and regulations, including net metering, interconnection limits, and fixed fees, or caps and licensing restrictions and the impact of these changes on the solar industry and the Company’s business; the Company’s ability to attract and retain the Company’s business partners; supply chain risks, including the Company’s and its energy system partners’ dependence on a limited number of suppliers of solar panels, batteries, and other system components and any shortage, bottlenecks, delays, detentions, or component price changes from these suppliers, restrictions on components and materials sourced from designated foreign entities of concern and the Company’s reliance on specific countries for critical components, tariff and trade policy impacts, and raw material availability for solar panels and batteries; realizing the anticipated benefits of past or future investments, partnerships, strategic transactions, or acquisitions, and integrating those acquisitions; the Company’s leadership team and ability to attract and retain key employees; regulators imposing rules on the type of electricians qualified to install and service the Company’s solar and battery systems in California, which may result in workforce shortages, operational delays, and increased costs; changes in the retail prices of traditional utility generated electricity; the availability of rebates, tax credits and other incentives, and the risk that if the IRS makes determinations that the creditable basis of the Company’s energy systems is materially lower than what it has claimed, it may have to pay significant amounts to its fund investors; the Company’s risk of additional taxes owed in respect of lost ITCs and the availability of related insurance coverage; the availability of solar panels, batteries, and other components and raw materials; the Company’s failure or perceived failure to comply with existing or future laws, regulations, contracts, self‑regulatory schemes, standards, and other obligations related to data privacy and security (including security incidents), including where compliance or the actual or perceived failure to comply could increase the costs of its products and services, limit their use or adoption, and otherwise negatively affect our operating results and business; the Company’s business plan and the Company’s ability to effectively manage the Company’s growth and labor constraints; the Company’s ability to meet the covenants in the Company’s investment funds and debt facilities; factors impacting the home electrification and solar industry generally, and such other risks and uncertainties identified in the reports that we file with the U.S. Securities and Exchange Commission from time to time. All forward-looking statements used herein are based on information available to us as of the date hereof, and we assume no obligation to update publicly these forward-looking statements for any reason, except as required by law.
Citations to industry and market statistics used herein may be found in our Investor Presentation, available via the “Investor Relations” section of Sunrun’s website at https://investors.sunrun.com.
Consolidated Balance Sheets
(In Thousands)
June 30, 2026 December 31, 2025 Assets Current assets: Cash $712,425 $823,380Restricted cash 423,812 413,460Accounts receivable, net 235,421 262,627Inventories 649,853 501,286Prepaid expenses and other current assets 144,997 155,216Total current assets 2,166,508 2,155,969Restricted cash 148 148Energy systems, net 17,245,212 16,817,863Property and equipment, net 61,400 75,692Other assets 3,886,099 3,560,924Total assets $23,359,367 $22,610,596Liabilities and total equity Current liabilities: Accounts payable $321,422 $271,021Distributions payable to noncontrolling interests and redeemable noncontrolling interests 49,123 47,072Accrued expenses and other liabilities 444,439 518,835Deferred revenue, current portion 162,902 162,839Deferred grants, current portion 9,004 8,681Finance lease obligations, current portion 23,162 24,557Non-recourse debt, current portion 513,397 269,510Total current liabilities 1,523,449 1,302,515Deferred revenue, net of current portion 1,380,846 1,350,494Deferred grants, net of current portion 190,933 196,726Finance lease obligations, net of current portion 24,914 36,908Convertible senior notes 474,780 473,749Line of credit 153,700 238,323Non-recourse debt, net of current portion 14,016,021 13,708,532Other liabilities 188,276 156,199Deferred tax liabilities 198,783 163,176Total liabilities 18,151,702 17,626,622Redeemable noncontrolling interests 816,076 709,255Total stockholders’ equity 3,490,084 3,132,484Noncontrolling interests 901,505 1,142,235Total equity 4,391,589 4,274,719Total liabilities, redeemable noncontrolling interests and total equity $23,359,367 $22,610,596 Consolidated Statements of Operations
(In Thousands, Except Per Share Amounts)
Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenue: Customer agreements and incentives $543,730 $458,000 $1,011,552 $860,920 Energy systems and product sales 326,258 111,336 580,667 212,687 Total revenue 869,988 569,336 1,592,219 1,073,607 Operating expenses: Cost of customer agreements and incentives 342,452 345,376 657,194 654,005 Cost of energy systems and product sales 199,312 104,144 387,000 200,942 Sales and marketing 190,681 152,459 369,214 298,449 Research and development 10,234 8,063 20,377 18,042 General and administrative 92,521 71,543 167,156 129,306 Total operating expenses 835,200 681,585 1,600,941 1,300,744 Income (loss) from operations 34,788 (112,249) (8,722) (227,137)Interest expense, net (264,428) (247,137) (528,371) (474,571)Other income (expense), net 17,495 (14,528) 34,681 (59,927)Loss before income taxes (212,145) (373,914) (502,412) (761,635)Income tax (benefit) expense (3,972) (94,930) 3,094 (205,480)Net loss (208,173) (278,984) (505,506) (556,155)Net loss attributable to noncontrolling interests and redeemable noncontrolling interests (323,325) (558,757) (788,302) (885,939)Net income attributable to common stockholders $115,152 $279,773 $282,796 $329,784 Net income per share attributable to common stockholders Basic $0.48 $1.22 $1.19 $1.45 Diluted $0.42 $1.07 $1.04 $1.28 Weighted average shares used to compute net income per share attributable to common stockholders Basic 238,997 229,167 236,804 227,794 Diluted 273,999 261,152 273,189 259,539 Consolidated Statements of Cash Flows
(In Thousands) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Operating activities: Net loss $(208,173) $(278,984) $(505,506) $(556,155)Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization, net of amortization of deferred grants 192,788 189,713 382,344 359,603 Deferred income taxes (3,973) (96,103) 3,094 (206,653)Stock-based compensation expense 21,119 25,024 47,421 50,029 Unrealized (gain) loss on derivatives (24,951) 17,555 (43,317) 62,625 Other noncash items 93,239 77,307 173,036 138,806 Changes in operating assets and liabilities: Accounts receivable (9,932) (20,233) 12,154 (27,139)Inventories (101,391) (76,748) (70,495) (89,066)Prepaid expenses and other assets (112,096) (208,568) (249,985) (254,329)Accounts payable (9,420) 51,982 69,290 36,364 Accrued expenses and other liabilities (36,626) (26,927) (52,733) 983 Deferred revenue 11,279 53,323 28,522 88,067 Deferred tax liabilities 1,958 — 30,619 — Net cash used in operating activities (186,179) (292,659) (175,556) (396,865)Investing activities: Payments for the costs of energy systems (429,357) (691,978) (853,785) (1,346,780)Purchase of equity investment (15,536) — (19,253) — Purchases of property and equipment, net (4,287) (843) (4,696) (1,062)Net cash used in investing activities (449,180) (692,821) (877,734) (1,347,842)Financing activities: Proceeds from state tax credits, net of recapture — 9,668 12,384 9,668 Proceeds from trade receivable financing — 71,323 — 71,323 Repayment of trade receivable financing — (99,519) — (124,261)Proceeds from line of credit 1,500 1,862 184,000 150,686 Repayment of line of credit — (23,833) (268,622) (198,390)Repurchase of convertible senior notes — — (5,457) (2,124)Proceeds from issuance of non-recourse debt 1,451,151 527,800 2,259,156 2,048,429 Repayment of non-recourse debt (1,173,649) (75,266) (1,839,323) (913,749)Payment of debt fees (24,709) (240) (42,947) (28,258)Payment of finance lease obligations (6,145) (6,303) (12,266) (12,786)Contributions received from noncontrolling interests and redeemable noncontrolling interests 515,744 679,384 821,556 935,284 Distributions paid to noncontrolling interests and redeemable noncontrolling interests (72,635) (58,547) (148,285) (118,800)Acquisition of noncontrolling interests (16,878) (16,219) (16,878) (16,219)Proceeds from transfer of investment tax credits 306,504 236,098 646,614 860,874 Payments to redeemable noncontrolling interests and noncontrolling interests of investment tax credits (306,504) (236,098) (646,614) (860,874)Net proceeds related to stock-based award activities 8,094 8,544 9,369 8,565 Net cash provided by financing activities 682,473 1,018,654 952,687 1,809,368 Net change in cash and restricted cash 47,114 33,174 (100,603) 64,661 Cash and restricted cash, beginning of period 1,089,271 978,903 1,236,988 947,416 Cash and restricted cash, end of period $1,136,385 $1,012,077 $1,136,385 $1,012,077 Non-GAAP Financial Measures This press release includes the Company’s non-GAAP financial measures: Creation Costs Reflected in Operating Expenses, Creation Costs Reflected in Capital Expenditures, and Cash Generation. The Company utilizes these non-GAAP measures to analyze the Company’s performance and for internal planning and forecasting purposes. These non-GAAP financial measures should not be considered in isolation or as a substitute for the Company’s financial results as reported under GAAP. Additionally, these non-GAAP measures may not be comparable to similarly titled measures presented by other companies, thus reducing their usefulness. Accompanying schedules provide reconciliations of these non-GAAP financial measures to their most directly comparable GAAP measures. The Company is not able to provide reconciliations of certain forward-looking financial measures to comparable GAAP measures because certain items required for such reconciliations are outside of the Company's control and/or cannot be reasonably predicted without unreasonable effort. The Company encourages investors to review our GAAP financial measures and to not rely on any single financial measure to evaluate our business.
Creation Costs Reflected in Operating Expenses is a Non-GAAP measure that management utilizes to assess the operating performance of our ongoing operations associated with the origination and installation of solar and storage systems. Creation Costs Reflected in Operating Expenses represent total operating expenses, adjusted for certain items consistent with management’s use as a performance measure. The adjusting items are detailed in the Reconciliation of Total Operating Expenses to Creation Costs Reflected in Operating Expenses table below. The Company believes that Creation Costs Reflected in Operating Expenses, when viewed together with the corresponding GAAP financial measure, provides meaningful information to our investors by measuring our operating performance with respect to costs associated with the origination and installation of storage and solar systems. When evaluating performance, investors should consider Creation Costs Reflected in Operating Expenses in addition to, though not as a substitute for, the Company’s financial results as reported under GAAP, including total operating expenses.
Reconciliation of Total Operating Expenses to Creation Costs Reflected in Operating Expenses2Q25
3Q25
4Q25
1Q26
2Q26
$ millions, unless otherwise noted Total Operating Expenses$682 $721 $1,061 $766 $835 (-)
Fleet servicing cost in COGS$(61)$(58)$(56)$(46)$(57) (-)
Non-cash impairment of energy systems, net$(21)$(1)$(28)$(12)$(15) (-)
Depreciation & Amortization$(190)$(182)$(184)$(190)$(193) (-)
Amortization of CTOC (sales commissions) in S&M expense$(23)$(26)$(24)$(26)$(27) (-)
Cost of Energy Systems and Product Sales (Excluding Non-Retained or Partially Retained Subscribers)$(104)$(104)$(109)$(80)$(54) (-)
Gross profit from Systems & Product Sales (Excluding Non-Retained or Partially Retained Subscribers) as contra cost$(7)$(14)$(15)$(1)$(5) (-)
Non-cash stock based compensation expense$(25)$(30)$(28)$(26)$(21) (-)
Goodwill impairment$- $- $- $- $- (-)
Amortization of intangible assets$- $- $- $- $- (-)
Other adjustments (e.g., restructuring, legal)$(6)$(2)$(1)$(16)$(13) (+)Adjustments to reflect purchase price adjustment for Non-Retained or Partially Retained Subscribers owing to consigned inventory usage$- $- $- $- $19 Creation Costs Reflected in Operating Expenses$245 $305 $617 $368 $469 Note: Creation Costs Reflected in Operating Expenses uses inputs from the Company’s GAAP income statement, and as such, is presented on an accrual basis. Creation Costs Reflected in Capital Expenditures is a Non-GAAP measure that management utilizes to assess the operating performance of our ongoing operations associated with the origination and installation of solar and storage systems. Creation Costs Reflected in Capital Expenditures represent Net cash used in investing activities, adjusted for certain items consistent with management’s use as a performance measure. The adjusting items are detailed in the Reconciliation of Net Cash Used in Investing Activities to Creation Costs Reflected in Capital Expenditures table below. The Company believes that Creation Costs Reflected in Capital Expenditures, when viewed together with the corresponding GAAP financial measure, provides meaningful information to our investors by measuring our operating performance with respect to costs associated with the origination and installation of storage and solar systems. When evaluating performance, investors should consider Creation Costs Reflected in Capital Expenditures in addition to, though not as a substitute for, the Company’s financial results as reported under GAAP, including Net cash used in investing activities.
Reconciliation of Net Cash Used in Investing Activities to Creation Costs Reflected in Capital Expenditures2Q253Q254Q251Q26
2Q26
$ millions, unless otherwise noted Net cash used in investing activities$693$744$409$429 $449 (+)Additions to capitalized CTOC (sales commissions)$126$133$21$79 $85 (-)
Purchase of equity method investment$-$-$-$(4)$(16) Creation Costs Reflected in Capital Expenditures$818$877$430$503 $519 Note: Creation Costs Reflected in Capital Expenditures uses inputs from the Company’s Statement of Cash Flows, and as such, is presented using a cash basis of accounting. Cash Generation is a Non-GAAP measure that management utilizes to assess the Company’s financial performance as it relates to raising capital from non-recourse capital sources relative to the cost of originating new customers, working capital management, and other cash flows associated with Sunrun's business activities. Cash Generation represents Net cash provided by (used in) operating activities, adjusted for certain items consistent with management’s use as a performance measure. The adjusting items are detailed in the Reconciliation of Cash Provided by Operating Activities to Cash Generation table below. The Company believes that Cash Generation, when viewed together with the corresponding GAAP financial measure, provides meaningful information to our investors by measuring our financial performance with respect to our ability to raise capital and effectively balance working capital requirements associated with our ongoing operations associated with the origination and installation of solar and storage systems. The Company uses Cash Generation as one of the performance metrics in its executive incentive compensation plan, underscoring management's focus on delivering sustainable cash flow while continuing to grow the business. When evaluating performance, investors should consider Cash Generation in addition to, though not as a substitute for, the Company’s financial results as reported under GAAP, including Net cash provided by (used in) operating activities.
Reconciliation of Cash Provided by Operating Activities to Cash Generation2Q25
3Q25
4Q25
1Q26
2Q26
$ millions, unless otherwise noted Net cash provided by (used in) operating activities$ (293)$ (122)$ 97 $ 11 $ (186) (-)
Payments for the costs of energy systems$(692)$(742)$(410)$(424)$(429) (-)
Purchase of equity investment$- $- $- $(4)$(16) (-)
Purchases of property and equipment, net$(1)$(1)$1 $(0)$(4) (+)Proceeds from state tax credits, net of recapture$10 $- $- $12 $- (+)Proceeds from trade receivables financing$71 $96 $- $- $- (-)
Repayment of trade receivable financing$(100)$(71)$(96)$- $- (+)Proceeds from issuance of non-recourse debt$528 $1,848 $215 $808 $1,451 (-)
Repayment of non-recourse debt$(75)$(1,257)$(115)$(666)$(1,174) (-)
Payment of debt fees$(0)$(36)$(4)$(18)$(25) (+)Proceeds from pass-through financing and other obligations, net$- $- $- $- $- (-)
Repayment of pass-through financing obligation$- $- $- $- $- (-)
Payment of finance lease obligations$(6)$(6)$(6)$(6)$(6) (+)Contributions received from noncontrolling interests and redeemable noncontrolling interests$679 $525 $542 $306 $516 (-)
Distributions paid to noncontrolling interest and redeemable noncontrolling interests$(59)$(58)$(70)$(76)$(73) (-)
Acquisition of noncontrolling interest$(16)$(14)$(0)$- $(17) (+)Proceeds from transfer of investment tax credits$236 $296 $446 $340 $307 (+)Payments to redeemable noncontrolling interest and noncontrolling interests of investment tax credits$(236)$(296)$(446)$(340)$(307) (-)
Increase / (+) decrease in Restricted Cash$(20)$(53)$33 $4 $(14) (+/-)Changes in 2026 convertible senior notes reserve balance$- $- $- $(5)$- Cash Generation ($ millions)$ 27 $ 108 $ 187 $ (59)$ 23 Key Operating and Financial Metrics The following operating metrics are used by management to evaluate the performance of the business. Management believes these metrics, when taken together with other information contained in our filings with the SEC and within this press release, provide investors with helpful information to determine the economic performance of the business activities in a period that would otherwise not be observable from historic GAAP measures. Management believes that it is helpful to investors to evaluate the present value of cash flows expected from subscribers over the full expected relationship with such subscribers (“Subscriber Value”, more fully defined in the definitions appendix below). The Company also believes that Subscriber Value, Aggregate Subscriber Value, Creation Costs Reflected in Operating Expenses, Creation Costs Reflected in Capital Expenditures, Net Subscriber Value, Contracted Net Subscriber Value and Upfront Net Subscriber Value are useful metrics for investors because they present a view of unit economics the Company uses to assess customers originated in a period, inclusive of expected future cash flows from these customers over a 30-year period, based on contracted pricing terms with its customers, which is not observable in any current or historic GAAP-derived metric. Management believes it is useful for investors to also evaluate the future expected cash flows from all customers that have been deployed through the respective measurement date, less estimated costs to maintain such systems and estimated distributions to tax equity partners in consolidated joint venture partnership flip structures, and distributions to project equity investors (“Gross Earning Assets”, more fully defined in the definitions appendix below). The Company also believes Gross Earning Assets is useful for management and investors because it represents the remaining future expected cash flows from existing customers, which is not derivable from a current or historic GAAP-derived measure.
Various assumptions are made when calculating these metrics. Subscriber Value metrics are calculated using a discount rate based on the observed project-level capital costs in the period. Gross Earning Assets utilize a 6% rate to discount future cash flows to the present period. Furthermore, these metrics assume that Subscribers renew after the initial contract period at a rate equal to 90% of the rate in effect at the end of the initial contract term, or purchase their systems at equal values. For Customer Agreements with 25-year initial contract terms, a 5-year renewal period is assumed. For a 20-year initial contract term, a 10-year renewal period is assumed. In all instances, we assume a 30-year customer relationship, although the customer may renew for additional years, or purchase the system. Estimated cost of servicing assets has been deducted and is estimated based on the service agreements underlying each fund.
KEY OPERATING METRICSUnit Economics in Period2Q25
3Q25
4Q25
1Q26
2Q26
$ per Subscriber Addition, unless otherwise noted Subscriber Additions in period 28,823 30,104 25,475 17,665 19,793 Subscriber Value$53,891 $52,446 $50,165 $61,240 $59,377 Discount rate (observed project-level capital costs) 7.4% 7.3% 7.1% 6.3% 7.3% Contracted Subscriber Value$49,919 $48,507 $47,988 $55,464 $55,033 x Advance Rate on Contracted Subscriber Value (estimated) 85.3% 88.2% 91.2% 98.2% 94.4% = Upfront Proceeds (estimated)$42,598 $42,763 $43,758 $54,484 $51,949 = Upfront Net Subscriber Value$5,711 $3,522 $2,692 $5,136 $2,016 Upfront Net Subscriber Value margin as a % of Contracted Subscriber Value 11.4% 7.3% 5.6% 9.3% 3.7%Aggregate Gross Value and Costs in Period2Q25
3Q25
4Q25
1Q26
2Q26
$ millions, unless otherwise noted Aggregate Subscriber Value$1,553 $1,579 $1,278 $1,082 $1,175 Aggregate Contracted Subscriber Value$1,439 $1,460 $1,222 $980 $1,089 Aggregate Upfront Proceeds (estimated)$1,228 $1,287 $1,115 $962 $1,028 Creation Costs Reflected in Operating Expenses1$245 $305 $617 $368 $469 Creation Costs Reflected in Capital Expenditures1$818 $877 $430 $503 $519 Cash Generation1$27 $108 $187 $(59)$23 Volume Additions in Period2Q25
3Q25
4Q25
1Q26
2Q26
Storage Capacity Installed (MWhrs) 391.5 412.0 371.1 282.3 332.0 Solar Capacity Installed (MWs) 227.2 239.2 216.2 154.2 174.3 Solar Capacity Installed with Storage (MWs) 157.7 172.4 157.1 115.9 133.8 Solar Capacity Installed without Storage (MWs) 69.5 66.8 59.1 38.2 40.5 Customer Additions 30,810 32,833 27,773 18,948 20,979 Customer Additions with Storage 21,626 22,822 19,639 13,789 15,531 Customer Additions without Storage 9,184 10,011 8,134 5,159 5,448 Storage Attachment Rate 70% 70% 71% 73% 74% Subscriber Additions (included within Customer Additions) 28,823 30,104 25,475 17,665 19,793 Subscriber Additions as % of Customer Additions 94% 92% 92% 93% 94%Customer Base Value & Energy Capacity at End of Period6/30/2025
9/30/2025
12/31/2025
3/31/2026
6/30/2026
Net Earning Assets ($ millions)$7,632 $8,241 $8,538 $8,872 $9,004 Contracted Net Earning Assets ($ millions)$3,001 $3,373 $3,571 $3,701 $3,677 Customers 1,105,080 1,137,913 1,165,686 1,184,634 1,205,613 Subscribers (included within Customers) 941,701 971,805 997,280 1,014,945 1,034,738 Networked Storage Capacity (MWhrs) 3,250 3,662 4,033 4,315 4,647 Networked Solar Capacity (MWs) 7,949 8,188 8,404 8,558 8,732 Basic Shares Outstanding2Q25
3Q25
4Q25
1Q26
2Q26
Basic shares outstanding at end of period (in millions) 230.3 231.6 233.6 235.5 240.1 Weighted average basic shares outstanding in period (in millions) 229.2 231.0 232.6 234.6 239.0 Figures presented above may not sum due to rounding. For adjustments related to Subscriber Value, Creation Costs Reflected in Operating Expenses, and Creation Costs Reflected in Capital Expenditures, please see the supplemental materials available on the Sunrun Investor Relations website at investors.sunrun.com.
(1) Creation Costs Reflected in Operating Expenses, Creation Costs Reflected in Capital Expenditures, and Cash Generation are non-GAAP financial measures. See “Non-GAAP Financial Measures” above for a discussion of these measures and reconciliations to the most directly comparable GAAP measures.
Glossary of Terms*
Definitions for Volume-related Terms
Deployments represent solar or storage systems, whether sold directly to customers or subject to executed Customer Agreements (i) for which we have confirmation that the systems are installed, subject to final inspection, or (ii) in the case of certain system installations by our partners, for which we have accrued at least 80% of the expected project cost (inclusive of acquisitions of installed systems). A portion of customers have subsequently entered into Customer Agreements to obtain, or have directly purchased, additional solar or storage systems at the same host customer site, and since these represent separate assets, they are considered separate Deployments.
Customer Agreements refer to, collectively, solar and/or storage power purchase agreements and leases.
Retained Subscribers represent customers subject to Customer Agreements for solar and/or storage systems that have been recognized as Deployments and recognized as energy systems on Sunrun’s consolidated balance sheet, whether or not they continue to be active.
Non-Retained or Partially Retained Subscribers represent customers subject to Customer Agreements for solar and/or storage systems that have been recognized as Deployments whereby the assets have been fully or partially sold to one or more investors and not presented as an energy system on Sunrun’s consolidated balance sheet.
Subscribers represent aggregate Retained Subscribers and Non-Retained or Partially Retained Subscribers.
Purchase Customers represent customers who purchased, whether outright or with proceeds from third-party loans, solar and/or storage systems that have been recognized as Deployments.
Customers represent aggregate Subscribers and Purchase Customers.
Subscriber Additions represent the number of Subscribers added in a period.
Purchase Customer Additions represent the number of Purchase Customers added in a period.
Customer Additions represent Subscriber Additions plus Purchase Customer Additions.
Solar Capacity Installed represents the aggregate megawatt production capacity of solar energy systems that were recognized as Deployments in a period.
Storage Capacity Installed represents the aggregate megawatt hour capacity of storage systems that were recognized as Deployments in a period.
Networked Solar Capacity represents the cumulative Solar Capacity Installed from the company’s inception through the measurement date.
Networked Storage Capacity represents the cumulative Storage Capacity Installed from the company’s inception through the measurement date.
Storage Attachment Rate represents Customer Additions with storage divided by total Customer Additions.
Definitions for Unit-based and Aggregate Value, Costs and Margin Terms
Subscriber Value represents Contracted Subscriber Value plus Non-contracted or Upside Subscriber Value.
Contracted Subscriber Value represents the per Subscriber present value of estimated upfront and future Contracted Cash Flows from Subscriber Additions in a period, discounted at the observed cost of capital in the period.
Non-contracted or Upside Subscriber Value represents the per Subscriber present value of estimated future Non-contracted or Upside Cash Flows from Subscriber Additions in a period, discounted at the observed cost of capital in the period.
Contracted Cash Flows represent, (A) for Retained Subscribers, (x) (1) scheduled payments from Subscribers during the initial terms of the Customer Agreements (provided, that for Flex Customer Agreements that allow variable billings based on the amount of electricity consumed by the Subscriber, only the minimum contracted payment is included in Contracted Cash Flows), (2) net proceeds from tax equity partners, (3) payments from government and utility incentive and rebate programs, (4) contracted net cash flows from grid services programs with utilities or grid operators, and (5) contracted or defined (i.e., with fixed pricing) cash flows from the sale of renewable energy credits, less (y) (1) estimated operating and maintenance costs to service the systems and replace equipment over the initial terms of the Customer Agreements, consistent with estimates by independent engineers, (2) distributions to tax equity partners in consolidated joint venture partnership flip structures, and (3) distributions to any project equity investors, and (B) for Non-Retained or Partially Retained Subscribers, (x) contracted proceeds from the full or partial sale of related assets, before any price adjustments related to consigned inventory usage, plus (y) the share of Contracted Cash Flows described in clause (A) of this definition which are allocated to Sunrun pursuant to the terms of each sale agreement or partnership agreement.
Non-contracted or Upside Cash Flows represent (A) for Retained Subscribers the (1) net cash flows realized from either the purchase of systems at the end of the Customer Agreement initial terms or renewals of Customer Agreements beyond the initial terms, estimated in both cases to have equivalent value, assuming only a 30-year relationship and a contract renewal rate equal to 90% of each Subscriber’s contractual rate in effect at the end of the initial contract term, (2) non-contracted net cash flows from grid service programs with utilities and grid operators, (3) non-contracted net cash flows from the sale of renewable energy credits, and (4) contracted cash flows from Flex Customer Agreements exceeding the minimum contracted payment (provided, that for Flex Customer Agreements that allow variable billings based on the amount of electricity consumed by the Subscriber, an assumption is made that each Subscriber’s electricity consumption increases by approximately 2% per year through the end of the initial term of the Customer Agreement and into the renewal period (if renewed), resulting in billings in excess of the minimum contracted amount (which minimums are included in Contracted Cash Flows)), and (B) for Non-Retained or Partially Retained Subscribers, the share of Non-contracted or Upside Cash Flows described in clause (A) of this definition which are allocated to Sunrun pursuant to the terms of each sale agreement or partnership agreement. After the initial contract term, our Customer Agreements typically automatically renew on an annual basis and the rate is initially set at up to a 10% discount to then-prevailing utility power prices.
Creation Costs Reflected In Operating Expenses (Non-GAAP measure) represent total operating expenses, adjusted for certain items consistent with management’s use as a performance measure, all of which are itemized in the Non-GAAP reconciliation table as provided in the Company’s earnings release. Creation Costs Reflected In Operating Expenses may be derived by taking total operating expenses incurred in a period, and adjusting by: (A) excluding the following items: (i) fleet servicing costs; (ii) non-cash net impairment of energy systems; (iii) depreciation and amortization expense; (iv) amortization of costs to obtain contracts, which represents the amortization expense of sales commissions; (v) cost of energy system and product sales not pertaining to Non-retained or Partially Retained Subscribers; (vi) gross profit from system & product sales not pertaining to Non-retained or Partially Retained Subscribers; (vii) stock based compensation expense; (viii) goodwill impairment expense; (ix) amortization of intangible assets; and (x) costs associated with certain restructuring activities, amortization of previously capitalized insurance costs associated with tax credit transfer agreements, and one-time items are identified and excluded; and (B) including any purchase price adjustments for Non-retained or Partially Retained Subscribers owing to consigned inventory usage. When presented on a per Subscriber Addition basis, Creation Costs Reflected in Operating Expenses is divided by the Subscriber Additions for the corresponding period.
Creation Costs Reflected In Capital Expenditures (Non-GAAP measure) represent total capital expenditures, adjusted for certain items consistent with management’s use as a performance measure, all of which are itemized in the Non-GAAP reconciliation table as provided in the Company’s earnings release. Creation Costs Reflected In Capital Expenditures may be derived by taking net cash used in investing activities and adjusting to include the gross additions to capitalized costs to obtain contracts (i.e., sales commissions) and to exclude cash used for the purchase of equity investments. As such, this measure represents the sum of the following items: (i) payments for the costs of energy systems, (ii) net purchases of property and equipment, and (iii) gross additions to capitalized costs to obtain contracts (i.e., sales commissions). When presented on a per Subscriber Addition basis, Creation Costs Reflected in Capital Expenditures is divided by the Subscriber Additions for the corresponding period.
Net Subscriber Value represents Subscriber Value less the summation of the following items divided by Subscriber Additions: (A) payments for the costs of energy systems; (B) net purchases of property and equipment; (C) gross additions to capitalized costs to obtain contracts (i.e., sales commissions); (D) total operating expenses, adjusted to exclude the following items: (i) fleet servicing costs; (ii) non-cash net impairment of energy systems; (iii) depreciation and amortization expense; (iv) amortization of costs to obtain contracts, which represents the amortization expense of sales commissions; (v) cost of energy system and product sales not pertaining to Non-retained or Partially Retained Subscribers; (vi) gross profit from system & product sales not pertaining to Non-retained or Partially Retained Subscribers; (vii) stock based compensation expense; (viii) goodwill impairment expense; (ix) amortization of intangible assets; and (x) costs associated with certain restructuring activities, amortization of previously capitalized insurance costs associated with tax credit transfer agreements, and one-time items are identified and excluded; and to include any purchase price adjustments for Non-retained or Partially Retained Subscribers owing to consigned inventory usage.
Contracted Net Subscriber Value represents Contracted Subscriber Value less the summation of the following items divided by Subscriber Additions: (A) payments for the costs of energy systems; (B) net purchases of property and equipment; (C) gross additions to capitalized costs to obtain contracts (i.e., sales commissions); (D) total operating expenses, adjusted to exclude the following items: (i) fleet servicing costs; (ii) non-cash net impairment of energy systems; (iii) depreciation and amortization expense; (iv) amortization of costs to obtain contracts, which represents the amortization expense of sales commissions; (v) cost of energy system and product sales not pertaining to Non-retained or Partially Retained Subscribers; (vi) gross profit from system & product sales not pertaining to Non-retained or Partially Retained Subscribers; (vii) stock based compensation expense; (viii) goodwill impairment expense; (ix) amortization of intangible assets; and (x) costs associated with certain restructuring activities, amortization of previously capitalized insurance costs associated with tax credit transfer agreements, and one-time items are identified and excluded; and to include any purchase price adjustments for Non-retained or Partially Retained Subscribers owing to consigned inventory usage.
Upfront Net Subscriber Value represents Contracted Subscriber Value multiplied by Advance Rate less the summation of the following items divided by Subscriber Additions: (A) payments for the costs of energy systems; (B) net purchases of property and equipment; (C) gross additions to capitalized costs to obtain contracts (i.e., sales commissions); (D) total operating expenses, adjusted to exclude the following items: (i) fleet servicing costs; (ii) non-cash net impairment of energy systems; (iii) depreciation and amortization expense; (iv) amortization of costs to obtain contracts, which represents the amortization expense of sales commissions; (v) cost of energy system and product sales not pertaining to Non-retained or Partially Retained Subscribers; (vi) gross profit from system & product sales not pertaining to Non-retained or Partially Retained Subscribers; (vii) stock based compensation expense; (viii) goodwill impairment expense; (ix) amortization of intangible assets; and (x) costs associated with certain restructuring activities, amortization of previously capitalized insurance costs associated with tax credit transfer agreements, and one-time items are identified and excluded; and to include any purchase price adjustments for Non-retained or Partially Retained Subscribers owing to consigned inventory usage.
Advance Rate or Advance Rate on Contracted Subscriber Value represents the company’s estimated upfront proceeds, expressed as a percentage of Contracted Subscriber Value or Aggregate Contracted Subscriber Value, from project-level capital, proceeds from Non-Retained or Partially Retained Subscribers, and other upfront cash flows, based on market terms and observed cost of capital in a period.
Aggregate Subscriber Value represents Subscriber Value multiplied by Subscriber Additions.
Aggregate Contracted Subscriber Value represents Contracted Subscriber Value multiplied by Subscriber Additions.
Aggregate Upfront Proceeds represent Aggregate Contracted Subscriber Value multiplied by Advance Rate. Actual project financing transaction timing for portfolios of Subscribers may occur in a period different from the period in which Subscribers are recognized, and may be executed at different terms. As such, Aggregate Upfront Proceeds are an estimate based on capital markets conditions present during each period and may differ from ultimate Proceeds Realized in respect of such period’s Retained Subscribers and ultimate proceeds obtained from such period’s Non-Retained or Partially Retained Subscribers.
Proceeds Realized From Retained Subscribers represents cash flows received in respect of Retained Subscribers from non-recourse financing partners in addition to upfront customer prepayments, incentives and rebates. It is calculated as the proceeds from non-controlling interests on the cash flow statement, plus the net proceeds from non-recourse debt (excluding normal non-recourse debt amortization for existing debt, as such debt is serviced by cash flows from existing solar and storage assets), plus the gross additions to deferred revenue which represents customer payments for prepaid Customer Agreements along with local rebates and incentive programs.
Cash Generation (Non-GAAP measure) represents Net cash provided by operating activities, less cash used in investing activities, less increases in restricted cash (or plus decreases in restricted cash), plus the following items: (i) net proceeds from non-recourse debt financings; (ii) net proceeds from tax equity (non-controlling interests and proceeds from sale of investment tax credits); (iii) net proceeds from state tax credits; (iv) net proceeds from trade receivable financings; and (v) net proceeds from pass-through financing obligations and finance lease obligations. Cash Generation can also be calculated through the change in our unrestricted cash balance from our consolidated balance sheet, less net proceeds (or plus net repayments) from all recourse debt (inclusive of convertible debt), and less any primary equity issuances or net proceeds derived from employee stock award activity (or plus any stock buybacks or dividends paid to common stockholders) as presented on the Company’s consolidated statement of cash flows. The Company expects to continue to raise proceeds from tax equity and asset-level non-recourse debt, and proceeds from the sale of Non-Retained or Partially Retained Subscribers, to fund growth, and as such, these sources of cash are included in the definition of Cash Generation. Cash Generation also excludes proceeds from long-term asset or business divestitures (aside from transactions relating to Non-Retained or Partially Retained Subscribers) and equity investments in external non-consolidated businesses not related to Non-Retained or Partially Retained Subscribers (or less dividends or distributions received in connection with such equity investments).
Definitions for Gross and Net Value from Existing Customer Base Terms
Gross Earning Assets is calculated as Contracted Gross Earning Assets plus Non-contracted or Upside Gross Earning Assets.
Contracted Gross Earning Assets represents, as of any measurement date, the present value of estimated remaining Contracted Cash Flows that we expect to receive in future periods in relation to Subscribers as of the measurement date, discounted at 6%.
Non-contracted or Upside Gross Earning Assets represents, as of any measurement date, the present value of estimated Non-contracted or Upside Cash Flows that we expect to receive in future periods in relation to Subscribers as of the measurement date, discounted at 6%.
Net Earning Assets represents Gross Earning Assets, plus Total Cash, less adjusted debt and lease pass-through financing obligations, as of the measurement date. Debt is adjusted to exclude a pro-rata share of non-recourse debt associated with funds with project equity structures for Retained Subscribers along with debt associated with the company’s ITC safe harboring equipment inventory facility. Because estimated cash distributions to our project equity partners for Retained Subscribers are deducted from Gross Earning Assets, a proportional share of the corresponding project level non-recourse debt is deducted from Net Earning Assets, as such debt would be serviced from cash flows already excluded from Gross Earning Assets.
Contracted Net Earning Assets represents Net Earning Assets less Non-contracted or Upside Gross Earning Assets.
Non-contracted or Upside Net Earning Assets represents Net Earning Assets less Contracted Net Earning Assets.
Total Cash represents the total of the restricted cash balance and unrestricted cash balance from our consolidated balance sheet.
Other Terms
Annual Recurring Revenue represents revenue arising from Customer Agreements over the following twelve months for Retained Subscribers that have met initial revenue recognition criteria as of the measurement date.
Average Contract Life Remaining represents the average number of years remaining in the initial term of Customer Agreements for Retained Subscribers that have met revenue recognition criteria as of the measurement date.
Households Served in Low-Income Multifamily Properties represent the number of individual rental units served in low-income multi-family properties from shared solar energy systems deployed by Sunrun. Households are counted when the solar energy system has interconnected with the grid, which may differ from Deployment recognition criteria.
Positive Environmental Impact from Customers represents the estimated reduction in carbon emissions as a result of energy produced from our Networked Solar Capacity over the trailing twelve months. The figure is presented in millions of metric tons of avoided carbon emissions and is calculated using the Environmental Protection Agency’s AVERT tool. The figure is calculated using the most recent published tool from the EPA, using the current-year avoided emission factor for distributed resources on a state by state basis. The environmental impact is estimated based on the system, regardless of whether or not Sunrun continues to own the system or any associated renewable energy credits.
Positive Expected Lifetime Environmental Impact from Customer Additions represents the estimated reduction in carbon emissions over thirty years as a result of energy produced from solar energy systems that were recognized as Deployments in a period. The figure is presented in millions of metric tons of avoided carbon emissions and is calculated using the Environmental Protection Agency’s AVERT tool. The figure is calculated using the most recent published tool from the EPA, using the current-year avoided emission factor for distributed resources on a state by state basis, leveraging our estimated production figures for such systems, which degrade over time, and is extrapolated for 30 years. The environmental impact is estimated based on the system, regardless of whether or not Sunrun continues to own the system or any associated renewable energy credits.
*For our second quarter of 2026, the definitions listed below have been modified, and the changes to these definitions had no impact on previously reported quarters: Net Subscriber Value, Contracted Net Subscriber Value, Upfront Net Subscriber Value, and Cash Generation.
RUN stock is moving. Watch the price action here. Sunrun reported quarterly earnings of 42 cents per share, which beat the analyst consensus estimate of 24 cents, according to Benzinga Pro data.
Quarterly revenue came in at $869.99 million, which beat the Street estimate of $751.83 million.
Sunrun reported the following second-quarter highlights:
“We are positioning the business for strong growth, bringing on some of the best talent in the industry and scaling deliberately, with a focus on customer experience and asset quality,” said CEO Mary Powell.
“And as that engine scales, we’re aiming to unlock new ways to monetize the network we’ve already built, from distributed power plant programs to emerging data center and grid edge applications, creating new streams of Cash Generation.”
RUN Stock Price Activity: According to data from Benzinga Pro, Sunrun stock was down 14.2% to $9 in Wednesday’s extended trading.
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SAN FRANCISCO, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), America’s largest provider of home battery storage, solar, and home-to-grid power plants, today announced it has priced a securitization of leases and power purchase agreements. The securitization is Sunrun’s seventeenth securitization since 2015 and second issuance in 2026.
“This $267 million public securitization involves refinancing a seasoned portfolio of residential solar assets. We appreciate our financial partners’ continued confidence in our high quality assets and servicing standards,” said Danny Abajian, Sunrun’s Chief Financial Officer. “This securitization was raised with Class A notes being priced at a 200 basis point credit spread, a 20 basis point improvement from the public Class A-1 Notes in Sunrun’s April 2026 securitization.”
The securitization was structured with one class of A- rated notes (the “Class A Notes”) and one class of BB- rated notes (the “Class B Notes”). The Class B Notes were retained by Sunrun. The $267 million Class A Notes were marketed in a public asset backed securitization. The Class A Notes were priced with a coupon of 6.28%. The pricing of the Class A Notes reflects a spread of 200 basis points and a 6.33% yield. The initial balance of the Class A Notes represents a 74.2% advance rate on ADSAB (present value using a 7.5% discount rate). The Class A Notes have an expected weighted average life of 4.94 years, an Optional Redemption Date of July 30, 2035, and a final maturity date of January 30, 2054.
The notes are backed by a diversified portfolio of 37,595 systems distributed across 42 utility service territories in 13 states. The weighted average customer FICO is 756. The transaction is expected to close by the end of August.
BofA Securities was the sole structuring agent and served as joint bookrunner with Citigroup, Morgan Stanley, and RBC Capital Markets. KeyBanc Capital Markets and First Citizens Capital Securities served as co-managers for the securitization.
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
About Sunrun
Sunrun Inc. (Nasdaq: RUN) is America’s largest provider of home battery storage, solar, and home-to-grid power plants. As the pioneer of home energy systems offered through a no-upfront-cost subscription model, Sunrun empowers customers nationwide with greater energy control, security, and independence. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lowers energy costs. Learn more at www.sunrun.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned against placing undue reliance on such statements. In some cases, you can identify forward-looking statements because they contain words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "target," "projects," "contemplates," "potential," or the negative of these words or other similar terms or expressions. Forward-looking statements in this press release include, but are not limited to, statements regarding: the anticipated closing of the securitization; the anticipated terms and timing of additional subordinated subsidiary-level non-recourse financing and its effect on the Company’s cumulative advance rate; the Company's ability to access capital markets at scale and on favorable terms; and the expected demand for the Company's solar and storage assets.
These statements are not guarantees of future performance; they reflect the Company's current views with respect to future events and are based on assumptions and estimates and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from expectations or results projected or implied by forward-looking statements. These risks and uncertainties include, but are not limited to: changes in the capital markets, including the availability and terms of financing for the solar and storage industry; volatile or rising interest rates; changes in policies, regulations, and incentives, including net metering, interconnection limits, fixed fees, and the availability of tax credits; tariff and trade policy impacts; supply chain risks; the Company's ability to meet covenants in its investment funds and debt facilities; and the factors described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q, each as filed with the U.S. Securities and Exchange Commission.
All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and the Company assumes no obligation to update publicly these forward-looking statements for any reason, except as required by law.
Analysts on Wall Street project that Sunrun (RUN - Free Report) will announce quarterly earnings of $0.08 per share in its forthcoming report, representing a decline of 92.5% year over year. Revenues are projected to reach $722.86 million, increasing 27% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 12.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Sunrun metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Revenue- Customer agreements and incentives' will reach $522.16 million. The estimate suggests a change of +14% year over year.
The average prediction of analysts places 'Revenue- Solar energy systems and product sales' at $186.83 million. The estimate indicates a year-over-year change of +67.8%.
Analysts' assessment points toward 'Revenue- Customer agreements' reaching $488.33 million. The estimate suggests a change of +12.7% year over year.
According to the collective judgment of analysts, 'Revenue- Incentives' should come in at $48.83 million. The estimate suggests a change of +98.8% year over year.
The combined assessment of analysts suggests that 'Revenue- Solar energy systems' will likely reach $50.99 million. The estimate suggests a change of +34.6% year over year.
The collective assessment of analysts points to an estimated 'Revenue- Products' of $60.21 million. The estimate indicates a year-over-year change of -18%.
Based on the collective assessment of analysts, 'Storage Capacity Installed' should arrive at 359 megawatt hours. The estimate compares to the year-ago value of 392 megawatt hours.
Analysts expect 'Contracted Subscriber Value' to come in at $46240.36 . The estimate is in contrast to the year-ago figure of $49919.00 .
Analysts predict that the 'Subscriber additions' will reach 23,779 . The estimate compares to the year-ago value of 28,823 .
Analysts forecast 'Solar Capacity Installed' to reach 194 megawatts. The estimate is in contrast to the year-ago figure of 227 megawatts.
The consensus estimate for 'Subscriber Value' stands at $49904.23 . Compared to the present estimate, the company reported $53891.00 in the same quarter last year.
It is projected by analysts that the 'Gross Profit- Solar Energy Systems and Product' will reach $52.24 million. Compared to the present estimate, the company reported $7.19 million in the same quarter last year.
View all Key Company Metrics for Sunrun here>>>
Over the past month, shares of Sunrun have returned -19.6% versus the Zacks S&P 500 composite's +1.7% change. Currently, RUN carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to two classes of notes issued by Sunrun Quintus Issuer 2026-2, LLC. The transaction is collateralized by a diversified pool of 37,595 leases and power purchase agreements (PPAs) associated with residential solar photovoltaic installations (PV Systems). The total Aggregate Discounted Solar Asset Balance (ADSAB) based on a discount rate of 7.5%, consisting of the discounted payments of the leases and PPAs is approximately $359.7 million.
Sunrun (RUN - Free Report) ended the recent trading session at $9.65, demonstrating a -3.31% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.21%. On the other hand, the Dow registered a gain of 1.03%, and the technology-centric Nasdaq decreased by 0.22%.
The solar energy products distributor's shares have seen a decrease of 25.96% over the last month, not keeping up with the Oils-Energy sector's gain of 5.56% and the S&P 500's gain of 1.7%.
The upcoming earnings release of Sunrun will be of great interest to investors. The company's earnings report is expected on August 5, 2026. The company is expected to report EPS of $0.08, down 92.52% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $722.86 million, indicating a 26.96% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.01 per share and revenue of $3.08 billion, which would represent changes of -40.94% and +4.14%, respectively, from the prior year.
Any recent changes to analyst estimates for Sunrun should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 7.11% lower. Sunrun is holding a Zacks Rank of #4 (Sell) right now.
From a valuation perspective, Sunrun is currently exchanging hands at a Forward P/E ratio of 9.86. This indicates a discount in contrast to its industry's Forward P/E of 18.12.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 55, positioning it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
In the latest trading session, Sunrun (RUN - Free Report) closed at $11.44, marking a -3.46% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.19%. At the same time, the Dow lost 0.59%, and the tech-heavy Nasdaq lost 0.05%.
The solar energy products distributor's stock has dropped by 12.35% in the past month, falling short of the Oils-Energy sector's gain of 3.6% and the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Sunrun in its upcoming earnings disclosure. The company's earnings report is set to go public on August 5, 2026. The company's upcoming EPS is projected at $0.08, signifying a 92.52% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $722.86 million, up 26.96% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.01 per share and revenue of $3.08 billion, which would represent changes of -40.94% and +4.14%, respectively, from the prior year.
Any recent changes to analyst estimates for Sunrun should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 7.11% lower within the past month. As of now, Sunrun holds a Zacks Rank of #4 (Sell).
In terms of valuation, Sunrun is currently trading at a Forward P/E ratio of 11.7. This indicates a discount in contrast to its industry's Forward P/E of 19.81.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Sunrun is again honored by Best Company for excellence in customer service and technical expertise for providing Americans with industry leading energy independence July 16, 2026 08:00 ET | Source: Sunrun Inc.
SAN FRANCISCO, July 16, 2026 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), America’s largest provider of home battery storage, solar, and home-to-grid power plants, has been awarded the exclusive 2026 Preferred Partner Award and Platinum Solar Award by BestCompany.com, a leading review platform that empowers consumers to make confident purchase decisions. According to Best Company, Sunrun’s selection for these awards was based on the company’s commitment to customer satisfaction, product innovation, stability, and industry leadership.
“The benefits of home battery storage and solar have never been stronger, especially when combined with Sunrun’s award-winning customer service. We are honored to have Best Company recognize our commitment to our customers,” said Chance Allred, Sunrun’s Chief Experience and Direct Sales Officer. “Providing Americans with energy security and peace of mind requires several teams working in concert. Sunrun has written the book on how to make home energy a highly-personalized and rewarding experience.”
This is the third consecutive year that Sunrun has received the Platinum Solar Award and the second consecutive year that Sunrun has received the Preferred Partner Award. Sunrun is the only home energy company to ever receive Best Company’s Preferred Partner Award.
As part of its selection process, Best Company said that Sunrun stood out because of its proven scale, customer referrals, home battery deployment, flexible financing options, commitment to sustainability, comprehensive customer support, and growing network of distributed power plants.
“We hear directly from the people Sunrun serves, and in 2026 the message is stronger than ever: their customers are proud to keep sending friends their way,” said Landon Taylor, CEO of Snoball, Best Company’s review and referral platform. “A third Platinum Solar Award is what that kind of loyalty looks like.”
With more than 1.1 million customers, Sunrun is the innovative market leader that pioneered home energy systems offered through no-upfront-cost subscriptions. Sunrun stands alone in the industry by owning the entire customer experience, from direct sales and installation to service and support. This vertical integration has resulted in Sunrun reaching net promoter scores achieved only by the most trusted and admired consumer brands.
“Over the past twelve months, Sunrun has grown into something more than a solar company,” Best Company said. “It has become the country's leader in home energy independence, pairing battery storage with solar and connecting hundreds of thousands of homes to the grid in ways that were still emerging a year ago.”
The Best Company recognition comes shortly after Sunrun was named to the Fortune 1000® list, an annual ranking of the largest U.S. companies by revenue. Sunrun is the only home battery storage and solar installer on the Fortune list. Sunrun also recently earned four Buyer's Choice Awards from ConsumerAffairs for being best in customer service, installation experience, equipment, and value.
These accolades reflect Sunrun’s commitment to customer experience and its role as a critical resource for America’s energy grid. With the industry’s most comprehensive consumer protection program—including 24/7 system monitoring, free maintenance and repairs, and a performance guarantee—Sunrun continues to deliver products and services that help customers feel confident at every step of their energy journey.
About Sunrun
Sunrun Inc. (Nasdaq: RUN) is America’s largest provider of home battery storage, solar, and home-to-grid power plants. As the pioneer of home energy systems offered through a no-upfront-cost subscription model, Sunrun empowers customers nationwide with greater energy control, security, and independence. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lowers energy costs. Learn more at www.sunrun.com.
Media Contact
Wyatt Semanek
Sr. Director, Corporate Communications [email protected]
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding Sunrun’s customer experience, customer referrals, market leadership, competitive position, product and service offerings, home battery storage, solar and home-to-grid programs, distributed power plant network, grid-supporting services, energy security and independence, customer confidence, potential cost savings, blackout-prevention benefits and Sunrun’s ability to deliver, maintain and support products and services for customers.
Words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “target,” “project,” “potential,” “will,” “may,” “could,” “designed to,” and similar expressions identify forward-looking statements. These statements are not guarantees of future performance. They reflect Sunrun’s current views with respect to future events and are based on assumptions and estimates, and they are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from expectations or results projected or implied by forward-looking statements.
These risks and uncertainties include, but are not limited to: Sunrun’s ability to maintain customer satisfaction, service quality, customer referrals and brand reputation; customer demand for and market acceptance of Sunrun’s home battery storage, solar and home-to-grid offerings; the availability, performance and reliability of Sunrun’s systems and related customer support, monitoring, maintenance and performance guarantee programs; Sunrun’s ability to enroll, retain, coordinate and dispatch customers and batteries through grid services and distributed power plant programs; changes in utility rate structures, retail electricity prices, net metering, interconnection rules, fixed fees, incentives, tax credits and other policies and regulations affecting home solar, battery storage, home electrification and grid services; Sunrun’s ability to manage costs and compete effectively; the availability of financing and access to capital markets on acceptable terms; supply chain availability, component costs, tariffs, trade policy impacts and dependence on a limited number of suppliers for solar panels, batteries and other system components; customer cancellations, installation delays, permitting delays, interconnection delays, labor constraints, construction issues and other operational challenges; the performance of Sunrun’s sales, installation, service and partner channels; macroeconomic conditions, inflation, volatile or rising interest rates and changes in consumer credit or demand; cybersecurity, privacy, data access, telemetry and operational risks; and other risks described under the caption “Risk Factors” in Sunrun’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission.
All forward-looking statements in this press release are based on information available to Sunrun as of the date hereof. Sunrun assumes no obligation to update publicly any forward-looking statements for any reason, except as required by law.
Earnings Release and Conference Call Scheduled for August 5, 2026 July 15, 2026 08:00 ET | Source: Sunrun Inc.
SAN FRANCISCO, July 15, 2026 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN) today announced that it will issue its second quarter 2026 earnings report after the market closes on Wednesday, August 5, 2026. A conference call has been scheduled to discuss these earnings results at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time.
The conference call can be accessed live via the Sunrun Investor Relations website at https://investors.sunrun.com. An audio replay will be available following the call on the Sunrun Investor Relations website for approximately one month and a transcript of the conference call will be posted to the Sunrun Investor Relations website the following day.
Event: Sunrun 2Q 2026 Earnings CallDate: Wednesday, August 5, 2026Call Time: 4:30PM ET / 1:30PM PTDial-in (toll-free/toll): (877) 407-5989 / (201) 689-8434Webcast / Replay: https://investors.sunrun.com
About Sunrun
Sunrun Inc. (Nasdaq: RUN) is America’s largest provider of home battery storage, solar, and home-to-grid power plants. As the pioneer of home energy systems offered through a no-upfront-cost subscription model, Sunrun empowers customers nationwide with greater energy control, security, and independence. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lower energy costs. Learn more at www.sunrun.com.
Sunrun (RUN - Free Report) closed the most recent trading day at $12.78, moving +2.98% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.38%. Meanwhile, the Dow experienced a rise of 0.02%, and the technology-dominated Nasdaq saw an increase of 0.9%.
The stock of solar energy products distributor has fallen by 0.48% in the past month, leading the Oils-Energy sector's loss of 1.55% and undershooting the S&P 500's gain of 1.27%.
The upcoming earnings release of Sunrun will be of great interest to investors. The company's upcoming EPS is projected at $0.08, signifying a 92.52% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $722.86 million, indicating a 26.96% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.01 per share and revenue of $3.08 billion, which would represent changes of -40.94% and +4.14%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sunrun. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.11% lower within the past month. Sunrun currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Sunrun has a Forward P/E ratio of 12.26 right now. For comparison, its industry has an average Forward P/E of 20.52, which means Sunrun is trading at a discount to the group.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 52, placing it within the top 22% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Now in its third dispatching season, Sunrun’s California distributed power plant delivers utility-scale capacity on demand through two state programs to support California's grid July 14, 2026 08:00 ET | Source: Sunrun Inc.
SAN FRANCISCO, July 14, 2026 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), America’s largest provider of home battery storage, solar, and home-to-grid power plants, today announced that its California distributed power plant will support the state’s electrical grid this summer with up to 425 megawatts of peak dispatchable capacity, making it one of the largest flexible energy resources in the state and largest residential distributed power plant in the nation.
Sunrun’s California distributed power plant has more than 80,000 households enrolled this year—representing more than 110,000 home batteries. The power plant launched in 2024 with 16,000 Sunrun customers enrolled. The current enrollment marks a fivefold increase in just two years. Sunrun customers are compensated for participating.
“As electricity demand continues to grow, Sunrun’s power plants represent one of the fastest, most cost-effective tools available to grid operators,” said Sunrun CEO Mary Powell. “Our California power plant leverages the flexible energy capacity sitting in tens of thousands of homes across California and is dispatched closest to where the energy is being consumed, putting downward pressure on prices and infrastructure needs.”
For the first time, Sunrun’s California distributed power plant will dispatch energy through two state grid service programs: the California Energy Commission’s Demand Side Grid Support program and the California Public Utilities Commission’s Emergency Load Reduction Program, which is operated under bilateral contracts between Sunrun and Pacific Gas and Electric Company and Southern California Edison.
Sunrun coordinates all dispatch operations to maximize grid reliability while providing a seamless experience to customers, who are only enrolled in one of the two programs. Sunrun is available to support California’s grid every day from 4 to 9 p.m., through the summer and fall months, when demand is highest and the grid is most constrained. In May and June, Sunrun conducted several dispatches using portions of its batteries in Northern and Southern California.
Last summer, Sunrun demonstrated how its distributed power plant assets deliver energy at a utility-scale capacity. During a historic dispatch event on July 29, 2025, multiple aggregators, of which Sunrun was the largest, provided enough energy to the grid to power more than half of the city of San Francisco during peak demand. During the dispatch event, Sunrun’s home batteries supplied an average of more than 360 megawatts over two hours.
“From coast to coast, Sunrun’s distributed power plants are delivering at scale just as the grid demands more capacity due to the AI buildout, domestic manufacturing, increased electrification, and a lack of new supply coming online,” said Sunrun President and Chief Revenue Officer Paul Dickson. “As we continue to rapidly grow our distributed power plant portfolio year over year, Sunrun is providing immediate value and capacity to help meet peak demand and is tailoring programs to meet a variety of grid conditions and unique needs.”
If operated as a single front-of-the-meter battery project, Sunrun’s California distributed power plant’s 425 megawatts of peak dispatchable capacity would rank it among the top 10 utility-scale batteries in California. But unlike traditional front-of-the-meter projects, Sunrun’s distributed power plant uses existing homes and infrastructure, avoiding the need for new land, new transmission lines, or lengthy interconnection processes. Distributed power plants can continue to grow over time while also providing participating customers with backup power and energy resilience.
About Sunrun
Sunrun Inc. (Nasdaq: RUN) is America’s largest provider of home battery storage, solar, and home-to-grid power plants. As the pioneer of home energy systems offered through a no-upfront-cost subscription model, Sunrun empowers customers nationwide with greater energy control, security, and independence. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lowers energy costs. Learn more at www.sunrun.com.
Media Contact
Wyatt Semanek
Sr. Director, Corporate Communications [email protected]
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding Sunrun’s expectations for its California distributed power plant, including expected enrollment, battery participation, dispatchable capacity, dispatch performance, customer compensation, program availability, grid reliability benefits, ratepayer benefits, cost savings, future growth, and Sunrun’s ability to enroll, retain, coordinate, and dispatch customers and batteries through grid services programs.
Words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “target,” “project,” “potential,” “will,” “may,” “could,” and similar expressions identify forward-looking statements. These statements are not guarantees of future performance; they reflect Sunrun’s current views with respect to future events and are based on assumptions and estimates and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from expectations or results projected or implied by forward-looking statements.
These risks and uncertainties include, but are not limited to: Sunrun’s ability to enroll, retain, coordinate, and dispatch customers and batteries through its California distributed power plant and related grid services programs; the final number of participating customers and batteries, battery availability, battery performance, dispatch conditions, and Sunrun’s ability to deliver the expected peak dispatchable capacity; the timing, frequency, duration, and need for dispatches during periods of peak demand, elevated wholesale prices, heat waves, and other grid events; participation in, and requirements of, the California Energy Commission’s Demand Side Grid Support Program, the Emergency Load Reduction Program, and bilateral arrangements with PG&E and SCE; customer compensation and Sunrun’s compensation for dispatching batteries; Sunrun’s ability to support grid reliability, reduce peak demand, and achieve the anticipated customer, ratepayer, and grid benefits described in this release; and Sunrun’s ability to match or exceed prior distributed power plant performance. Additional risks and uncertainties are described under the caption “Risk Factors” in Sunrun’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q, each as filed with the U.S. Securities and Exchange Commission.
All forward-looking statements used herein are based on information available to Sunrun as of the date hereof, and Sunrun assumes no obligation to update publicly these forward-looking statements for any reason, except as required by law.
On July 09, 2026, Sunrun Inc (RUN) shares rose 3.8% today, closing at $12.46. The stock has traded within a 52-week range of $9.01 to $22.44, highlighting signi
SAN FRANCISCO, July 08, 2026 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), America's largest provider of home battery storage, solar, and home-to-grid power plants, today launched a distributed AI compute pilot program. The pilot marks Sunrun's first step into distributed edge computing, a new business category that the company believes represents a high-margin revenue opportunity leveraging its existing energy infrastructure, large customer base, and grid service capabilities.
Following a successful proof of concept that demonstrated revenue generation and high demand for distributed compute, Sunrun is expanding the pilot to place numerous compute nodes in homes equipped with Sunrun solar and battery storage systems. Sunrun is coordinating the selling of inference capacity to enterprise compute buyers, while also testing the nodes under a variety of conditions and rate structures to gather operational data and information. Participating homeowners are compensated for hosting the compute nodes.
"AI companies are scrambling to secure greater access to energy and computing power,” said Sunrun President and Chief Revenue Officer Paul Dickson. “Over nearly two decades, we have perfected our ability to operationalize, finance, and scale distributed assets. We are now using our leadership position in distributed home energy and proven infrastructure to bring compute closer to the sources of energy and inference.”
AI inference demand is growing at approximately 35% annually and is projected by McKinsey to surpass training as the dominant AI workload by 2030, representing more than half of all AI compute. Unlike AI training — which requires massive, tightly synchronized clusters — inference is modular, geographically distributable, and highly sensitive to latency. That makes it a natural fit for edge deployment close to end users, and a natural fit for Sunrun.
Sunrun's distributed footprint of more than 1.1 million existing customers represent an addressable deployment base and gives the company a structural advantage hyperscalers can’t quickly replicate. Where a traditional data center can take years to permit, build, and interconnect, Sunrun's distributed deployment model can add significant inference capacity in a fraction of the time.
Advantages of Sunrun's Distributed Compute Model
Just as Sunrun has helped democratize energy by enabling households to generate, store, and share their own power, this distributed data center model enables American households to play a direct role in powering the nation's AI future and share in the economic opportunity it creates. For hyperscalers, it provides a flexible, scalable source of compute capacity that complements centralized data centers and accelerates AI deployment.
Geographic Flexibility: By placing compute nodes behind the meter, Sunrun mitigates regional threats of rising utility rates, overloaded grids, and power supply shortages.Scale With New and Existing Customers: Sunrun can reach meaningful compute scale across its growing customer base of over 1.1 million nationwide without the lead time of new data center development.Speed to Compute: Deployed in the built environment, Sunrun's distributed nodes eliminate land acquisition, transmission buildout, and utility interconnection queues.Existing Service Infrastructure: Sunrun already monitors and services energy equipment on more than a million homes — an operational foundation immediately available to support distributed compute at scale.Backup Power: Distributed compute nodes are paired with Sunrun's onsite battery systems, allowing data processing to continue operations through certain grid outages.Grid Resilience, Not Grid Strain: Rather than adding load pressure to already congested regions, Sunrun's distributed model improves utilization of existing electrical infrastructure, turning the network into a grid asset as well as a compute asset.Maximizing System Value: Sunrun's systems and controls optimize the compute nodes in concert with the customer’s energy consumption patterns, participation in grid services, and the customer’s electricity rate structure.Customer Compensation: Consistent with Sunrun's strategy to expand customer value, participants are compensated for hosting compute nodes, extending Sunrun's value proposition and strengthening customer retention. Sunrun’s distributed compute pilot is a distinct and separate initiative, but complements the company’s recently announced agreement with Renew Home and Tesla to aggregate more than 16 gigawatts of flexible home energy capacity for hyperscalers and utilities. Compute capacity deployed onsite at customer homes can serve the same surging AI demand that is driving hyperscalers to seek every available path to new energy capacity.
Sunrun expects to complete the pilot over the coming months and will assess results against defined milestones, compute performance, and homeowner experience before determining the scale, speed and customer offering of a broader rollout. The company is actively in discussions with enterprise compute offtakers, homebuilders, and utility partners to structure the commercial and deployment frameworks that would support expansion.
To learn more and join the waitlist, visit sunrun.com/compute.
About Sunrun
Sunrun Inc. (Nasdaq: RUN) is America’s largest provider of home battery storage, solar, and home-to-grid power plants. As the pioneer of home energy systems offered through a no-upfront-cost subscription model, Sunrun empowers customers nationwide with greater energy control, security, and independence. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lowers energy costs. Learn more at www.sunrun.com.
Media Contact
Wyatt Semanek
Sr. Director, Corporate Communications [email protected]
Forward-Looking Statements
This communication contains forward-looking statements related to Sunrun (the “Company”) within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, but are not limited to, statements regarding the Company’s residential distributed AI compute pilot program; the Company’s expectations regarding distributed edge computing, AI inference demand, and enterprise compute buyer demand; the potential availability, timing, scale, performance, utilization, reliability, and benefits of distributed compute capacity deployed in homes; the Company’s ability to leverage its existing customer base, solar and battery storage systems, energy infrastructure, monitoring and service infrastructure, grid service capabilities, and customer relationships to support distributed compute operations; the Company’s expectations regarding customer value, homeowner participation, homeowner compensation, customer retention, and homeowner experience; the potential for the pilot or any broader rollout to generate revenue, margin, customer value, or other commercial benefits; the Company’s expectations regarding proof-of-concept results, operational data, rate structures, pilot milestones, compute performance, and future commercial frameworks; the Company’s ability to coordinate the sale of inference capacity to enterprise compute buyers; the Company’s discussions with enterprise compute offtakers, homebuilders, utilities, and other potential partners; the potential expansion, timing, speed, customer offering, and scale of the pilot or any broader deployment; the anticipated advantages of distributed compute compared to traditional data centers, including potential deployment speed, geographic flexibility, grid utilization, infrastructure requirements, real estate needs, transmission needs, utility interconnection requirements, backup power support, and system value; the expected relationship between the distributed compute pilot and the Company’s other distributed energy resource, grid services, home-to-grid, and distributed power plant initiatives; the Company’s strategy, market leadership, competitive position, business plan, new products, new services, new technologies, customer value proposition, market opportunity, and ability to scale offerings; and anticipated demand, market acceptance, and market adoption of the Company’s offerings.
Words such as “believe,” “expect,” “continue,” “project,” “seek,” “will,” “would,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.
These statements are not guarantees of future performance; they reflect the Company’s current views with respect to future events and are based on assumptions and estimates and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, achievements, or outcomes to be materially different from expectations or results projected or implied by forward-looking statements.
The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to: the Company’s ability to complete the pilot successfully or at all; the timing, cost, technical performance, reliability, utilization, and commercial performance of compute nodes and related software, hardware, networking, telemetry, monitoring, and control systems; customer eligibility, customer authorization, homeowner participation, homeowner experience, customer retention, and customer compensation; compute node availability, performance, interoperability, and dispatch accuracy; market demand from enterprise compute buyers, hyperscalers, utilities, homebuilders, and other potential customers or partners; the ability to negotiate, enter into, and perform commercial arrangements with compute offtakers, homeowners, utilities, homebuilders, and other partners; the availability, quality, cost, and performance of compute nodes, software, networking, and other technology needed to operate distributed in-home compute capacity; data security, cybersecurity, and information control requirements and risks; outages, service interruptions, equipment failures, customer premises conditions, installation constraints, permitting requirements, and other operational risks; changes in utility rate structures, power market conditions, grid services program requirements, utility partner requirements, and in-home deployment requirements and other regulatory or policy frameworks; potential local, state, federal, utility, homeowner association, zoning, electrical code, building code, telecommunications, environmental, health, safety, and other requirements applicable to in-home compute deployments; the Company’s ability to manage costs, maintain quality, compete effectively, and scale new offerings; the Company’s ability to attract and retain business partners; changes in retail electricity prices and power market conditions; factors affecting the market for distributed energy resources, grid services, data centers, AI inference, and compute infrastructure; and such other risks and uncertainties identified in the reports that the Company files with the U.S. Securities and Exchange Commission from time to time, including the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q.
All forward-looking statements used herein are based on information available to the Company as of the date hereof, and the Company assumes no obligation to update publicly these forward-looking statements for any reason, except as required by law.
Photos accompanying this announcement are available at:
Sunrun shares are showing limited movement. What’s next for RUN stock? Sunrun is pitching its virtual power plant initiative as more than 16 gigawatts of fast-to-deploy capacity by coordinating home batteries, thermostats, water heaters, and solar systems, using "millions of existing home energy devices" including flexibility from more than 8 million smart thermostats and devices managed by Renew Home.
The company also flagged Virginia as an early deployment area with more than 300 megawatts available immediately and a target of at least 500 megawatts by 2030, plus capacity committed into PJM’s proposed Reliability Backstop Process that it says could unlock over a gigawatt immediately.
Sunrun’s AI-demand framing is getting sharper as Goldman Sachs pegs global data-center electricity demand up 220% by 2030 to 1,350 TWh (a 905 TWh increase).
Sunrun also has a concrete "why now" hook: the Tesla/Sunrun/Renew Home effort is positioned to free enough capacity to support the equivalent of 17 large data centers during peak periods.
In the background, Tesla is a read-through for the theme because it helps validate residential batteries as a grid resource, which can pull Sunrun into "grid support" rotations when that narrative heats up.
RUN Stock: Key Technical Levels To WatchFrom a longer-term trend perspective, RUN is still fighting overhead supply: at $13.00 it’s trading 0.2% below the 20-day SMA ($13.07), 4.4% below the 50-day SMA ($13.65), 6.7% below the 100-day SMA ($13.98), and 20.6% below the 200-day SMA ($16.43). That keeps the bigger-picture posture cautious, especially with the death cross that formed in April (50-day SMA below the 200-day SMA) still in place.
Momentum looks more "range-bound than trending" right now, with RSI at 46.42 (neutral), which typically lines up with consolidation and quick reversals rather than sustained directional runs. RSI is essentially saying the stock isn’t stretched enough to force a mean-reversion bounce, but it also isn’t washed out like it was around the oversold signal in March.
Key Resistance: $13.50 — a nearby round-number zone that also sits close to the 20-day EMA ($13.35), where rebounds can stall Key Support: $11.50 — a nearby floor to watch if price slips back toward the lower end of the recent range How Sunrun Operates in the Solar MarketSunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It acquires customers directly and through relationships with various solar and strategic partners, and many customers sign 20- to 25-year agreements to use its systems.
That long-duration model can make the stock sensitive to financing conditions and execution, but it also creates a large installed base. The virtual power plant pitch matters because it tries to turn that installed base—solar, batteries, and managed devices—into dispatchable grid capacity that utilities and hyperscalers may need "in months, not years."
Sunrun’s Benzinga Edge: Growth vs. MomentumBelow is the Benzinga Edge scorecard for Sunrun, highlighting its strengths and weaknesses compared to the broader market:
Momentum: Weak (Score: 17.07) — The stock’s recent tape is lagging, which fits with price still sitting below key longer-term moving averages. Growth: Strong (Score: 93.93) — The market is still assigning Sunrun a high growth profile, which helps explain why "virtual power plant" headlines can move the stock quickly. The Verdict: Sunrun’s Benzinga Edge signal reveals a growth-heavy profile with weak momentum, a mix that often leads to sharp rallies that struggle to hold unless the chart improves. For longer-term bulls, the cleaner setup would be momentum turning up alongside a reclaim of the 50-day and 100-day moving averages.
RUN Stock Price Movement During PremarketRUN Stock Price Activity: Sunrun shares were up 0.08% at $12.98 during premarket trading on Tuesday, according to Benzinga Pro data.
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In the latest trading session, Sunrun (RUN - Free Report) closed at $13.11, marking a -2.02% move from the previous day. This change lagged the S&P 500's 0.22% loss on the day. Elsewhere, the Dow lost 0.03%, while the tech-heavy Nasdaq lost 0.66%.
Heading into today, shares of the solar energy products distributor had lost 12.26% over the past month, lagging the Oils-Energy sector's loss of 4.76% and the S&P 500's loss of 1.21%.
Investors will be eagerly watching for the performance of Sunrun in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.1, marking a 90.65% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $727.75 million, indicating a 27.82% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.09 per share and a revenue of $3.08 billion, demonstrating changes of -36.26% and +4.1%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sunrun. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Sunrun currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Sunrun has a Forward P/E ratio of 12.27 right now. For comparison, its industry has an average Forward P/E of 23.19, which means Sunrun is trading at a discount to the group.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 87, finds itself in the top 36% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Sunrun shares are consolidating. Where is RUN stock headed? What Is Sunrun’s Virtual Power Plant Initiative?Sunrun is also leaning into the "deployable in months, not years" angle, arguing the program requires no additional hardware and can be scaled using existing customer equipment. That matters for RUN because speed-to-capacity is the core differentiator versus traditional generation buildouts when utilities are trying to cover near-term peak-load gaps.
The company also pointed to Virginia as an early deployment area, citing more than 300 megawatts available immediately and a target of at least 500 megawatts by 2030, alongside capacity committed into PJM’s proposed Reliability Backstop Process that it says could unlock over a gigawatt immediately.
Tesla’s involvement is a key read-through for Sunrun because it helps validate residential batteries as a grid resource, not just a consumer add-on. The move mirrors Tesla’s battery-and-energy push, which often leads Sunrun to trade as a sympathy play when investors rotate into "grid support" beneficiaries.
RUN Stock: Key Technical Levels To WatchAt $13.94, RUN is trading above its short-term trend gauges—about 3.4% above the 20-day SMA ($13.40) and about 1.8% above the 50-day SMA ($13.61)—but it’s still about 2.3% below the 100-day SMA ($14.19) and about 15.9% below the 200-day SMA ($16.48), keeping longer-term overhead pressure in play. That "two-speed" setup often leads to choppy rallies where bulls need follow-through to avoid slipping back into the middle of the range.
Momentum is fairly balanced with RSI at 52.52, which is a neutral reading that usually lines up with consolidation rather than an overextended move. Trend-wise, the 20-day SMA is still below the 50-day SMA (bearish), and the death cross that formed in April (50-day below the 200-day) remains a longer-term caution flag until price can reclaim the upper moving-average band.
Key Resistance: $16.50 — a round-number area that also sits near the 200-day SMA ($16.48), making it a natural spot where rebounds can stall Key Support: $11.50 — a nearby floor to watch if the stock fades back toward prior demand How Sunrun Operates in the Solar MarketSunrun designs, develops, installs, sells, owns, and maintains residential solar energy systems across the U.S., acquiring customers both directly and through solar and strategic partners. Many customers sign 20- to 25-year agreements to use its systems, which can create long-duration relationships but also makes execution and financing conditions matter a lot for the stock.
The virtual power plant angle matters because it tries to turn that installed base—solar, batteries, and connected home devices—into a grid asset that can be dispatched during peak demand. If Sunrun can prove it can aggregate and monetize that flexibility at scale, it gives investors another way to think about the business beyond just new rooftop installs.
Sunrun’s Benzinga Edge Rankings ExplainedBelow is the Benzinga Edge scorecard for Sunrun, highlighting its strengths and weaknesses compared to the broader market:
Momentum: Neutral (Score: 61.41) — The stock’s recent trend is constructive, but it’s not a clear momentum leader versus the broader market. Growth: Strong (Score: 94.1) — The scorecard is flagging a growth-heavy profile, which can support the bull case if execution stays on track. The Verdict: Sunrun’s Benzinga Edge signal reveals a growth-heavy profile with moderate momentum backing it up. For longer-term bulls, the key is whether price can work back toward the $16.50 area while holding above the $11.50 support zone.
RUN Stock Price Activity on TuesdayRUN Stock Price Activity: Sunrun shares were trading 4.90% higher at $14.14 at the time of publication on Tuesday, according to Benzinga Pro data.
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Sunrun shares are experiencing downward pressure. What’s driving RUN stock lower? What Is Sunrun’s 16GW Virtual Power Plant Initiative?Sunrun is pitching the partnership as a fast-to-deploy capacity unlock—more than 16 gigawatts—without waiting on new utility-scale buildouts, but the stock is still fading with the tape. The initiative is framed around coordinating home batteries, thermostats, water heaters and solar systems to shave peak load for hyperscalers and utilities.
Sunrun’s plan to aggregate "millions of existing home energy devices" is central to the pitch, including dispatchable capacity from hundreds of thousands of home battery systems and flexibility from more than 8 million smart thermostats and devices managed by Renew Home. The framework also calls for no additional hardware, software, interconnection, water or land usage, and aims to be deployable in months rather than years.
Sunrun is also tying the story directly to the AI power crunch, with Goldman Sachs forecasting global data center electricity demand could surge 220% by 2030 to 1,350 TWh (up 905 TWh).
In Virginia, the companies said they already have more than 300 megawatts available for immediate deployment, targeting at least 500 megawatts by 2030. They’ve also committed capacity into PJM’s proposed Reliability Backstop Process, which they say could unlock over a gigawatt immediately.
RUN Stock: Key Moving Averages to WatchFrom a trend perspective, RUN is still in "rebuild mode": it’s trading 3.1% below its 20-day SMA ($13.77) and 1.4% below its 50-day SMA ($13.53), and it remains 19.3% below its 200-day SMA ($16.52). That distance to the long-term average matters because it often acts like an overhead "gravity" zone where rallies can fade until price proves it can reclaim the level.
Momentum looks balanced rather than stretched, with RSI at 50.37 (neutral). RSI is a quick way to gauge whether buying or selling pressure is getting overextended; near-50 readings typically line up with consolidation and "wait for confirmation" price action.
The moving-average stack is mixed: the 20-day SMA is above the 50-day SMA (a near-term bullish tell), but the 50-day SMA is still below the 200-day SMA after the death cross in April (a longer-term caution flag). That combination often produces choppy rebounds where breakouts need follow-through to avoid rolling back into the range.
Key Resistance: $13.50 — a nearby round-number area that also lines up closely with the 20-day EMA ($13.51), making it a natural spot where rebounds can stall Key Support: $11.50 — a nearby floor to watch if the stock slips back toward prior demand after failing to hold the short-term averages How Sunrun Operates in the Solar Energy MarketSunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It acquires customers directly and through relationships with various solar and strategic partners, and systems are built by Sunrun or its partners.
A big part of the model is long-duration customer relationships, with many customers signing 20- to 25-year agreements to use Sunrun’s solar energy system, and the company often owning the installed systems. That installed base is what makes the virtual power plant concept relevant: coordinating lots of already-deployed home assets can create grid-support capacity without waiting on new utility-scale buildouts.
Sunrun’s Benzinga Edge Scorecard BreakdownBelow is the Benzinga Edge scorecard for Sunrun, highlighting its strengths and weaknesses compared to the broader market:
Momentum: Neutral (Score: 69.98) — The stock’s trend profile is improving, but it’s not flashing a clear "strong momentum" signal yet. Growth: Strong (Score: 94.14) — The scorecard is pricing in a growth-forward narrative, which fits the market’s focus on scaling distributed energy and grid services. The Verdict: Sunrun’s Benzinga Edge signal reveals a growth-heavy profile with improving (but not dominant) momentum. For longer-term bulls, the setup looks best if price can reclaim and hold key moving-average resistance, because that’s where "story" and "trend" start to align.
RUN Stock Price Movement in Premarket TradingRUN Stock Price Activity: Sunrun shares were down 2.13% at $13.31 during premarket trading on Friday, according to Benzinga Pro data.
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In the latest close session, Sunrun (RUN - Free Report) was down 5.69% at $13.60. The stock's performance was behind the S&P 500's daily loss of 0.01%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.46%.
Coming into today, shares of the solar energy products distributor had lost 5.13% in the past month. In that same time, the Oils-Energy sector lost 9.23%, while the S&P 500 lost 1.4%.
The investment community will be paying close attention to the earnings performance of Sunrun in its upcoming release. The company is expected to report EPS of $0.1, down 90.65% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $727.75 million, indicating a 27.82% increase compared to the same quarter of the previous year.
RUN's full-year Zacks Consensus Estimates are calling for earnings of $1.09 per share and revenue of $3.08 billion. These results would represent year-over-year changes of -36.26% and +4.1%, respectively.
Investors should also note any recent changes to analyst estimates for Sunrun. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Sunrun is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Sunrun is presently being traded at a Forward P/E ratio of 13.23. This signifies a discount in comparison to the average Forward P/E of 22.52 for its industry.
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 176, this industry ranks in the bottom 28% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RUN in the coming trading sessions, be sure to utilize Zacks.com.
Sunrun (RUN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
